Pampa Metals Corp. has unveiled the completion of the design for its diamond drilling program aimed at showcasing the potential of the Piuquenes Central copper-gold project in San Juan. The project area hosts a mineral body reaching a depth of 1,000 meters and a diameter of 300-500 meters.
By Panorama Minero
The diamond drilling program, consisting of up to 4 drill holes, including two priority holes approximately 850-900 meters deep, will commence in mid-month. The primary objective of the program is to evaluate the depth and lateral extent of the known mineralization at Piuquenes Central.
The first drill hole (REC-01) will be oriented along a northeast-southwest geological section, close to historical holes P8A (Inmet) and PIU16-DDH01 (Anglo), aiming to extend the depth of the known mineralization on the southwest edge of the Piuquenes Central porphyry. The second one (REC-02) will be oriented along an east-west section, near historical holes P4 and P2 (Inmet), to test the lateral extension of the mineralized body, primarily along the western edge of the Piuquenes Central porphyry. A third and possibly a fourth drill hole will focus on extending the known depth towards the northeast and southeast edges of the Piuquenes Central mineral body, aiming to validate a potential mineral body reaching 1,000 meters in depth and 300-500 meters in diameter.
Regarding the initiation of exploration activities, Joseph van den Elsen, the company's President and CEO, stated, "We are very pleased to have quickly identified and secured the Piuquenes copper-gold porphyry project and immediately mobilized on the first of an aggressive and multi-phase exploration program to test its exceptional potential."
About Pampa Metals and Piuquenes Central Project
Pampa Metals is a post-discovery copper-gold-molybdenum porphyry exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE:FIRA), and OTC (OTCQB:PMMCD) exchanges.
In November 2023, the Company announced it had entered into an Option and Joint Venture Agreement for the acquisition of an 80% interest in the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina.
Historical intervals of significant copper and gold mineralization at Piuquenes Central include:
-413.5 m (167-580.5 m) @ 0.47% Cu and 0.52 g/t Au (0.87% CuEq)
-558.2 m (362-920.2 m EOH) @ 0.38% Cu, 0.42 g/t Au and 2.4 g/t Ag (0.73% CuEq)including 130 m (362-492 m) @ 0.81% Cu, 0.6 g/t Au and 4 g/t Ag (1.31 % CuEq)
Join our mining community!
Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.
Copper: BHP and Lundin Mining finalize the acquisition of Filo Corp
In a move that reinforces their position in the global mining industry, BHP and Lundin Mining have completed the acquisition of Filo Corp., a company listed on the Toronto Stock Exchange and the owner of the Filo del Sol (FDS) copper project, located in the Vicuña district between Argentina and Chile. This step marks a key milestone in the expansion of both giants in the copper market, a critical mineral for the energy transition and global technological growth.
Cerrado Gold: Minera Don Nicolás produced 54,494 GEO in 2024
Cerrado Gold announced the gold production results for the fourth quarter and full year of 2024 for the Don Nicolás mine, located in the Santa Cruz province.
YPF Luz and Central Puerto Drive Key Energy Project for Mining in Northwest Argentina
Companies to invest between US$250 and US$400 million in strategic electric infrastructure.
Challenger Gold Completes Strategic Placement and Initiates Processing Agreement at Casposo
Australian company Challenger Gold (ASX: CEL) announced the completion of a strategic placement for US$6.6 million with an entity controlled by Eduardo Elsztain, who becomes the company's largest shareholder with a 12.7% stake. Additionally, the initial payment of US$2 million was made under the Toll Processing Agreement with Casposo Argentina Mining Limited, securing the processing of 150,000 tons of Hualilán material annually for three years, with a total guaranteed capacity of 450,000 tons.
Galan Lithium Secures Permit to Expand Production in Catamarca
Australian junior Galan Lithium Limited (ASX:GLN) has received approval from the Ministry of Mining of Catamarca for the Phase 2 exploitation permit for its Hombre Muerto Oeste (HMW) lithium brine project. This permit enables the company to expand its production capacity to 21,000 tons per year of lithium carbonate equivalent (LCE), subject to project financing and the implementation of Phase 1, which targets an output of 5,400 tons per year of LCE.
Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition
Arcadium Lithium, a leading global producer of lithium chemicals, has obtained approval from the Committee on Foreign Investment in the United States (CFIUS) for its acquisition by Rio Tinto. This clearance removes one of the final regulatory hurdles for the deal initially announced in October 2024.
Glencore Pachón Promotes a New Collaborative Working Model with Local Suppliers
In an effort to strengthen its relationship with mining suppliers in San Juan, Glencore Pachón organized a key meeting with representatives from various sector chambers, marking the beginning of a more collaborative working model with a sustained dialogue channel.
Jujuy: Caucharí-Olaroz Surpasses 25,000 Tons of Lithium Carbonate
Lithium Argentina reported that its lithium brine operation in Caucharí-Olaroz, located in Jujuy, achieved a record production of approximately 25,400 tons of lithium carbonate during 2024, meeting its annual targets. For 2025, the company projects an increase in production, estimating between 30,000 and 35,000 tons.
Catamarca: YMAD Opens Tender for Farallón Negro Mine Equipment
The intergovernmental company YMAD has launched Public Tender No. 002/24 to acquire a rock breaker equipment for the Farallón Negro underground mine, located in the Belén department, Catamarca. The tender is aimed at companies interested in supplying key technology for mining operations.
Casposo Mine: The Government of San Juan grants the EIA of the Update of the IIA
The Government of San Juan announced today (8th January 2025) the joint approval of the 5th and 6th Updates of the Environmental Impact Report for the exploitation stage of the Casposo Mine, located in the Calingasta department, with the granting of the corresponding Environmental Impact Declaration (EID).
Mining Employment in Argentina Closes 2024 with a Downward Trend
The year 2024 ends with challenges for mining employment in Argentina, marked by a sustained decline in job creation throughout the year. According to the year-end monthly report published by the Secretariat of Mining in December, 39,280 formal direct mining jobs were recorded in August 2024. This data, part of a retrospective analysis of the year, shows a 2.1% decrease compared to August 2023, equating to a loss of 824 jobs over the year and a total of 1,787 fewer jobs in the first eight months of 2024.
Cerro Vanguardia announces the acquisition of mining rights for the Michelle project
Buenos Aires, Argentina – January 6, 2025 – Cerro Vanguardia, with over 26 years of experience in gold and silver mining, has signed an agreement with Minera Don Nicolás to acquire the mining rights for the Michelle project, a 14,328-hectare property located to the northwest of its operation.