Gold (Pacifico 100%)
The Berrio Gold Project is situated within the southern part of the Segovia Gold Belt, from which several million ounces of gold have been produced over the past 150 years. The project is 35km from the Magdalena River which is navigable to the Caribbean Sea and has excellent infrastructure in place including hydro power, water supply, sealed roads and telecommunications coverage. Pacifico owns a suite of tenements and tenement applications covering approximately 14,362 hectares, covering both the Berrio Gold Project and the surrounding area.
Gold analyses received from auger soil sampling grids delineated several anomalies over an area of 1.2 x 1.0 km. The grids covered ares of the Segovia Batholith and adjoining Berrio Sediments and are prospective for large gold vein and stockwork systems. The gold anomalous areas defined as a result of the soil sampling program on tenement 6822 will continue to be followed. Infill soil sampling is ongoing with an aim to define drill targets.
Exploration work for the Berrio Gold Project is currently on hold to allow the company to focus on potential Joint Venture or purchase agreements at Urrao and Natagaima.
The Natagaima licence application is situated in the department of Tolima, approximately 5km west of the navigable Magdalena River which drains into the Caribbean Sea. Natagaima is located within the Middle Cauca Porphyry Belt and is near existing electrical lines, roads, rail and a major river. Pacifico lodged an application for 100% of this copper/silver prospect when it became available.
Initial work indicates prospectivity for epithermal and porphyry style mineralisation. Mapping, outcrop sampling and project wide stream sediment sampling has generated very encouraging geochemical anomalies. Two mineralised and intersecting trends identified are prospective for precious and base metals. Selective grab sampling generated the following grades: 8.42g/t Au, 6.2% Cu, 2.3g/t Au, 1.35% Cu, 9.3% Pb and 1.12% Zn, 2.1% Cu and 1,395g/t Ag.
Several programs for follow-up exploration are under consideration including, targeted detailed mapping, channel sampling of gold bearing quartz veins, Mag and IP survey and trenching. Follow up exploration will continue when the Natagaima tenement application is granted to Pacifico. Follow up exploration will include detailed mapping and trenching of areas of interest.
Pacifico commenced activities in Colombia in 2011, and has since established a regional office in Colombia, employing a highly experienced team of local professionals. We have developed a comprehensive GIS database across many prospective areas of Colombia, enabling our team to make rapid assessments of projects. This has allowed the company to identify and secure the highly prospective Berrio, Natagaima, and Urrao Projects.
The Berrio Gold Project is located within the Segovia Gold Belt, from which several million ounces of Gold have been produced over the past 150 years. Our Natagaima and Urrao Projects are being evaluated by several mining and development companies for potential purchase or Joint Ventures. These Projects are highly prospective for the discovery of economic Copper-Gold deposits.