- Pacifico Minerals (PMY) has completed the Phase III expansion and exploration drilling program at its Sorby Hills Project
- Phase III consisted of 49 reverse circulation holes for 3265 metres
- A total of 526 one metre intervals have been submitted to the laboratory with results expected in January 2020
- A successful hydrogeological site investigation program has also been completed
- Pacifico’s share price is steady today with shares trading for 0.7 cents apiece
Pacifico Minerals (PMY) has completed the Phase III expansion and exploration drilling program at its Sorby Hills Project.
Located 50 kilometres from Kununurra in Western Australia, the Sorby Hills Lead-Silver-Zinc has a mineral resource estimate of 29.79 million tonnes of 4.7 per cent lead equivalent.
Phase III began in mid-October 2019 with the objective of increasing confidence and inferred resources while also converting existing inferred resources to indicated status. This phase will also follow-up on historic intercepts.
The B Deposit and Omega Deposit were the main focus to achieve these objectives.
All of the reverse circulation (RC) drill holes have now been geologically logged and sampled.
pXRF (portable handheld X-ray fluorescent analysis) testing of rock chips provided a qualitative guide to mineralisation and indicates significant intersections have been obtained.
A subset of 526 one metre samples were selected from a total of 3265 metres drilled and have been dispatched for analysis with assay results expected in January 2020.
At the B Deposit, test holes indicate strong and continuous mineralisation at a shallow depth between 30-55 metres.
At the Omega Deposit southern extension, overall conformable mineralisation intercepts were indicated while at the northern extension there were indications of varied thickness and minor zinc association.
Omega Deposit west has the highest density of drill holes for Phase III and mineralisation at Omega Deposit east remains open to the east at increasing depth.
Collectively, the field observations are indicative of a successful drilling campaign that is likely to support further conversion of indicated and inferred resources to higher classes of classification.
It will also replace inferred resources whilst also building on the potential of new deposits to be found to the west.
A hydrogeological site investigation program was also completed between October 31 and November 23 by Pennington Scott.
This program included the construction of two shallow production wells, eight shallow observation bores, and one 80-metre deep open hole into the Sorby Dolomite.
It also involved pump testing of two pre-existing holes, pump testing of the new Sorby hole and one new alluvial hole, and the installation of two remote telemetry water level loggers.
Although it’s too early to present any hydrological results, there is no doubt there will be an improvement in the predictive understanding of local hydrogeology.
Pacifico’s share price is currently steady with shares trading for 0.7 cents apiece in a $20.21 million market cap.