Source: Pacifico Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market

Pacifico Minerals Limited has completed the final payment for the acquisition of Pacifico’s 75 per cent interest in the Sorby Hills Project.

This achievement now gives Pacifico full access to the Project. Its partner, Henan Yuguang Gold & Lead Co. Ltd owns the remaining 25 per cent

The Sorby Hills Project is a lead-silver-zinc development, located in Western Australia. Since first acquiring the Sorby Hills Project in October 2018, Pacifico began to rapidly advance in its exploration venture.

It completed approximately 5500m of resource infill and expansion drilling. During this time, an updated Pre-Feasibility study was conducted which confirmed the Sorby Hills Project as a ‘high-quality, high margin base metals’ project. 

Pacifico’s Managing Director, Simon Noon commented on his excitement and confidence in the Pacifico stating “the Company is well positioned for strong growth as we work towards an exciting optimised pre-feasibility study which we expect to deliver in Q4,” Simon said. He also stated that further drilling is expected to commence in mid-late May.

Please find the announcement attached

PMY by the numbers
More From The Market Herald
Chalice Mining (ASX:CHN) - Managing Director, Alex Dorsch

" Chalice Mining (ASX:CHN) finds nickel-copper anomalism at Julimar

Chalice Mining (ASX:CHN) has identified extensive nickel-copper soil anomalism at its Julimar Project in Western Australia.
Challenger (ASX:CGF) - Managing Director and CEO, Nick Hamilton

" Challenger (ASX:CGF) appoints Nick Hamilton as CEO

Challenger (ASX:CGF) has appointed Nick Hamilton as managing director and chief executive officer (CEO), succeeding Richard…
Credit Corp (ASX:CCP) - Non Executive Director, John Nesbitt

" Credit Corp (ASX:CCP) tosses earnings guidance as COVID-19 spreads

Debt collector Credit Corp (ASX:CCP) is following the footsteps of many other ASX 200-listers today by…
Credit Corp Group (ASX:CCP) - CEO, Thomas Beregi

" Credit Corp (ASX:CCP) takes $65M profit hit

Debt collector Credit Corp (ASX:CCP) has encountered a $65 million profit hit due to the COVID-19…