Pacifico Minerals Ltd (“Pacifico”, ASX: PMY) is an Australian company exploring for exciting commodities within Australia and Latin America.

Borroloola West Project, Northern Territory, Australia

The Borroloola West Project is a Joint Venture between Pacifico and Sandfire Resources NL. Pacifico is the operator of the Joint Venture, with a 51% holding. The project area spans approximately 1,800km2 of ground within the McArthur and Mt Isa Basins, which are host to several world-class mines including McArthur River, Mount Isa, Teena and Century. The Borroloola West Project boasts a high potential for the discovery of world-class base metal deposits. Previous drilling indicates that there is great potential for both oxide and primary copper resources at Lorella and for large sediment hosted deposits at Coppermine Creek (copper-cobalt) and Mariner (zinc-lead). 

Exploration Licence Applications, South Australia, Australia
Pacifico recently completed an extensive geological review focused on securing exploration ground prospective for hosting economic concentrations of cobalt-bearing minerals. This review resulted in the company obtaining two prospective exploration licence applications in South Australia (EL2018/0053 and EL2018/0054). These ELA’s both have excellent potential for significant cobalt, manganese and copper mineralisation. In conjunction with the Borroloola West Project, these ELA’s will be the subject of the company’s focus in Australia as it provides Pacifico with exposure to the fast-growing battery minerals sector.

Violin Project, Guerrero, Mexico
Pacifico has secured an option to purchase a 100% interest in the Violin Project, located in the Guerrero Gold Belt of Mexico. The Guerrero Gold Belt is home to several pre-existing multi-million-ounce gold mines, and there is outstanding potential for a large and significant gold-copper deposit within the Violin Project area.

Tenement Applications and Berrio Project, Colombia
The company retains a valuable strategic copper-Gold position in Colombia, resulting from in-country operating experience dating back from 2011. Pacifico’s tenement applications, totalling approximately 46,000ha are associated with highly prospective geological terrains including the Choco Porphyry Copper Belt, the Middle Cauca Porphyry Belt and the Antioquia Batholith. Situated within the Segovia Gold Belt, the most prolific gold belt in Columbia, is the Berrio Gold Project. The Berrio Gold Project is 100% Pacifico owned, and has excellent existing infrastructure, including; hydro-power, sealed roads, water supply, and telecommunications coverage.

Share Price

ASX Announcements 

21/06/18  Trading Halt
08/06/18  High-Grade Cobalt-Manganese Tenements Granted

06/06/18  Top 20 Shareholders
29/05/18  Corporate Presentation

For further announcements, see here