- Explorer PepinNini Minerals (PNN) begins the first phase of drilling at its Santa Ines copper-gold project in Argentina
- All required drilling permits have now been granted and site access and drill preparations have been completed
- The company plans to drill five diamond holes at priority targets identified via rock chip sampling, a ground magnetic survey and an induced polarisation geophysical survey
- PepinNini has given no timeframe as to how long the drilling will take but it will release results as they become available
- Shares in PepinNini are up 14.5 per cent and are trading at 79 cents
Exploration company PepinNini Minerals (PNN) has begun the first phase of drilling at its Santa Ines copper-gold project in Salta province, Argentina.
The project consists of four mining licences that cover a total area of 61.5 square kilometres and it represents a potential large-scale copper-gold porphyry target.
It lies in the same geological setting at BHP’s Escondida copper-gold mine and 40 kilometres south-west of First Quantum’s Taca Taca copper-gold-molybdenum project.
All required drilling permits have now been granted and site access and drill preparations have been completed.
PepinNini plans to drill five diamond core holes, for 600 metres, at priority targets under this phase one drilling program.
The targets have been generated from previous exploration undertaken which included rock chip sampling programs, a ground magnetic survey and an 11km induced polarisation geophysical survey.
Notably, the surface sampling intersected up to 21.7 per cent copper, 0.91 g/t gold and 34.9 g/t silver, indicating the potential of Santa Ines to host copper and gold mineralisation.
PepinNini has not given a time frame as to how long the drilling will take but will release the results as they become available.
Shares in PepinNini were up 14.5 per cent and were trading at 79 cents at 2:10 pm AEST.