Pampa Metals Corp. has made a notable discovery at its Piuquenes East project in San Juan, Argentina, uncovering a new copper-gold porphyry system. The initial drill hole, PIU-06, revealed a mineralized interval of 98 meters with grades of 0.49% copper and 0.16 grams per tonne gold, suggesting the presence of a substantial mineral system. This discovery is particularly significant as it represents a previously unexplored mineral zone adjacent to Aldebaran Resources' Altar porphyry system, indicating the potential for further discoveries in the area.
The geological findings from the drill hole PIU-06, which began at a depth of 292 meters, exhibit characteristics akin to world-class porphyry deposits. These include quartz stockwork veining, chalcopyrite and chalcocite mineralization, and a progression of alteration phases from potassic to chlorite-sericite and advanced argillic. A follow-up drill hole, PIU-07, has further corroborated the geological complexity of the region, encountering similar breccia formations and localized high-sulfidation mineralization, hinting at the possibility of additional mineral discoveries within the Piuquenes project area.
Strategically located within the San Juan Miocene porphyry belt, home to several major copper mining operations, the Piuquenes East discovery is in close proximity to other significant projects such as El Pachón and Los Azules. This positioning enhances the potential value of Pampa Metals' exploration efforts. Geological experts have pointed out that while the current drill results show modest mineralization, the multi-phase nature of the system offers promising prospects for future exploration. Pampa Metals Corp. intends to proceed with systematic geological mapping, geophysical surveys, and targeted drilling to further explore and develop the Piuquenes East mineral system. For more information on the discovery, visit https://www.pampametals.com.
