Pampa Metals Corp. announced that PIU-05 2025DDH (PIU-05) has been completed to a depth of 1,104.5 m. PIU-05 was the 2nd diamond drillhole of the 2024/25 program at the Piuquenes copper-gold porphyry project in San Juan province. A 3rd drillhole has now commenced at Piuquenes East.
By Panorama Minero
**Piuquenes Copper-Gold Porphyry Project **
Piuquenes is a newly discovered, gold rich copper porphyry deposit located immediately adjacent to the north of Aldebaran Resources’ giant Altar porphyry copper system. Other large porphyry copper projects in the San Juan Miocene porphyry belt include El Pachón (Glencore), approximately 30 km to the south, the operating Los Pelambres copper mine (60% Antofagasta plc) in Chile, and Los Azules (McEwen Mining) 50 km to the northeast. Corporate and exploration activity along the belt remains high, with major companies including Rio Tinto, South 32, BHP and Teck also active.
Diamond Drillhole PIU-05 2025DDH (PIU-05)
As previously reported on 10 January 2025, PIU-05 was a significant step-out, collared 220m east of PIU16-01DDH (558m @ 0.38% Cu, 0.42 g/t Au, including 130m @ 0.81% Cu, 0.6 g/t Au) and 270m southwest of PIU02-2024DDH (448m @ 0.42% Cu, 0.46 g/t Au, including 126m @ 0.66% Cu, 0.74 g/t Au).
Diamond Drillhole PIU-06 2025DDH (PIU-06)
Diamond drillhole PIU-06 has now commenced at Piuquenes East, considered a standout target within the Piuquenes-Altar porphyry cluster characterized by:
Outcropping sinuous and banded porphyry style quartz veinlet stockwork zone; and
• 400 x 300m Cu-Au soil anomaly, intermediate chargeability intermediate-high resistivity
• Samples have been progressively dispatched to the ALS lab in Mendoza and results from PIU-04 and PIU-05 are pending.
Joseph van den Elsen, Pampa Metals President and CEO commented: “We continue to make excellent progress at Piuquenes, with hole PIU-05 having significantly expanded the footprint of the Piuquenes Central porphyry system and intersecting the most bornite-rich mineralization yet encountered. We are now drill testing a second compelling, undrilled porphyry target which outcrops at Piuquenes East and advancing several other targets through surface exploration, as we pursue significant shareholder value through the discovery and delineation of an economic deposit(s) on the Piuquenes property”.
