Image Sourced ShutterStock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pacifico is commencing its second phase drilling program at its Sorby Hills Lead-Silver-Zinc Project, located northeast of Kununurra, Western Australia
  • This follows the success of the company’s first phase drilling program, completed late last year
  • 6000 metres over 68 drill holes will be targeted through diamond and reverse circulation drilling

Exploration company, Pacifico Minerals has commenced its second phase drilling program at the Sorby Hills Lead-Silver-Zinc Project. The Project is situated northeast of Kununurra in Western Australia.

The new drilling program intends to identify geotechnical information which will assist in designing pits. As well as collect samples to be used for further metallurgical test work.

The program will target 6000 metres over 68 drill holes through two diamond and one reverse circulation drilling rigs. With the drilling also targeting inferred mineral resources above 100 metres.

Managing Director of Pacifico, Simon Noon, said through the drilling program the company aims to move a portion of the resource to an ore reserve to enable planning for a future mining operation.

“2019 is the most important and exciting year in the company’s history,” he said.

Pacifico is pursuing the second phase of drilling at Sorby Hills due to the success of its first phase drilling campaign. Phase one was completed late last year, which included 72 drill holes over 5372 metres of drilling.

Following phase two of drilling, an updated mineral resource estimate will be made available. The company said this will assist the pre-feasibility study which is expected to be released during the last quarter of 2019, and the definitive feasibility study which is expected to be completed by 2020.

Pacifico owns a 75 per cent interest in Sorby Hills through a joint venture with China’s largest lead smelting company and largest silver producer, Henan Yuguang.

PMY by the numbers
More From The Market Online

AML3D secures Australian defence government contract

AML3D signed a contract with the Australian Government Defence Science and Technology Group (DSTG) to supply…

Purifloh makes progress on destroying PFAS ‘forever chemicals’

PFAS substances are sometimes called "forever chemicals," for they don't break down naturally in the environment.…

SRG Global secures $150m in new contracts across Australia

SRG Global (ASX:SRG) reaffirmed its strong presence in the Australian market by acquiring multiple contracts for…

HighCom inks fresh body armour order worth $4.7M

HighCom – formerly known as XTEK – has announced its receipt of a contract order for…