Unlocking the high grade potential of Colombia through responsible exploration
Pacifico Minerals Ltd ("Pacifico") is a Western Australian based exploration company, listed on the Australian Stock Exchange (Code: PMY), focussed on advancing the Berrio Gold Project ("Berrio") located in Colombia. Berrio is situated in the southern part of the prolific Segovia Gold Belt and is characterised by a number of operational, artisanal-scale adits, tunnels, and declines. The project is 35km from the Magdalena River which is navigable to the Caribbean Sea and has excellent infrastructure in place including hydro power, sealed roads and telecommunications coverage. Pacifico also has an interest in two other projects in Colombia (Natagaima and Urrao) and one project in the Northern Territory, Australia (Borroloola West Project).
The maiden drilling program at Berrio successfully intersected high grade mineralisation in multiple zones including 16m at 11.2g/t Au and confirmed the correlation between induced polarisation anomalies and mineralisation. In October 2014, Pacifico carried out a follow up drill program which generated further evidence of high grade gold intercepts in multiple shear zones over a strike length of ~520m.
In January 2015, Pacifico reinforced the Company’s status as a significant player in the Segovia Gold Belt in Colombia by entering into a binding agreement with AngloGold Ashanti Colombia S.A. to acquire a 100% interest in a suite of tenements surrounding and adjacent to the existing Berrio Gold Project. The additional tenements significantly increased Pacifico’s land holding to a total of 14,318 hectares (143km2) within the prolific Segovia Gold Belt, and provides the Company with title to interpreted extensions of mineralised structures identified during Pacifico’s 2014 exploration campaigns.