Company Overview and News
Pacifico Minerals Ltd (ASX:PMY) jumped 36% on strong volume of 31 million on news of being granted an exploration licence in the Northern Territory prospective for zinc-lead.
Pacifico Minerals Ltd (ASX:PMY) is a leading ASX gainer on news of executing a drilling contract for its Borroloola West base metals project in the Northern Territory.
Pacifico Minerals (ASX:PMY) has been granted a trading halt by the ASX, pending details of a capital raising.
The drilling was done at the Four Mile, Coppermine Creek, Johnstons and Mariner prospects and the company will now move onto the Berjaya tenement. Importantly, indications of copper, lead and zinc mineralisation were observed in several holes. Assay results are expected in early November. Pacifico holds 51% and is the operator of the Borroloola West project alongside Sandfire Resources NL (ASX:SFR).
Pacifico Minerals Ltd (ASX:PMY) will start a drilling program for zinc and copper at the Borroloola West project in the Northern Territory along with JV partner Sandfire Resources NL (ASX:SFR). It is worth noting that the Borroloola tenements are just 15 kilometres east of the McArthur River mining area, one of the world’s largest zinc, lead and silver mines. Pacifico had completed exploration expenditure of $1.
An imminent diamond core drilling program by Pacifico Minerals (ASX:PMY) is targeting three high-interest zones along a mineralised faulted contact at the Berrio gold project in Colombia . The 2000-metrte campaign us set to begin later this month and continue into early March, offering the company near-term newsflow as it continues to enhance a project only 35 kilometres by navigable river to the Caribbean Sea with existing infrastructure including hydro power, sealed roads, water supply and telecommunications coverage.
Pacifico Minerals will commence a diamond drilling program at the Berrio gold project, Antioquia, Colombia, targeting three zones of high interest.
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