Pacifico Minerals Limited
Level 10, 553 Hay Street
Perth 6000

Tarso

The Tarso Project lies within the Middle Cauca Porphyry Belt approximately 50km south of Medellin. It is part of the Barroso Formation that lies in the highly prospective eastern flank of the Western Cordillera, approximately 90km south and along strike of Continental Gold's Buritica project. Initial rock chip samples have returned results of 5.1% Cu & 1.4% Cu; 19.9g/t Ag & 5.9g/t Ag and 0.5g/t Au.

The host rock consists of cretaceous inter-bedded metasediments, gabbro and andesite intrusives with overlying tertiary conglomerates/sandstones to the east. There is a strike length of approximately 5km of multidirectional quartz-carbonate stock work over the mafic units. Malachite veins outcrop over a 1sq.km area, in addition creek float samples with disseminated copper mineralisation have been identified.

In 2013, results of a helicopter borne magnetic and radiometric survey over the Tarso licence were interpreted by PGN Geosciences, a Melbourne-based consultancy, with detailed analysis of the relevant data identifying seven target regions. Follow-up geological mapping is planned along with ground-based geophysical (e.g. magnetic, EM, IP and gravity) and geochemical surveys (stream and soil) to better define targets for future drill testing in the prospect area.

Results of a soil geochemical survey over much of the southern part of the Tarso project area were received and are currently being evaluated in detail. Preliminary interpretation of these results suggest areas of elevated copper, gold and silver coincide in a number of areas with major faults and fault intersections. Confirmation of a possible link between areas of structural preparation and metal enrichment will greatly enhance the exploration potential of the area.

tars

West looking 3D view of the magnetic inversion modelling showing IP target zones