Pacifico Minerals Limited
Level 10, 553 Hay Street
Perth 6000

Australian Projects

South Australia Tenement Applications - Cobalt/Copper/Manganese (Pacifico 100%)

The company recently secured two prospective exploration licence applications in South Australia; EL2018/0053 and EL2018/0054. The ELA’s have excellent potential for significant cobalt, manganese and copper mineralisation and lie in the central part of the Adelaide Geosyncline of South Australia. Geological units of interest in the area include the Upper Proterozoic Tapley’s Hill Formation, the Tarcowie Siltstone and the Etina Formation.

Pacifico completed a preliminary literature-based evaluation of the potential for economic concentration of cobalt, copper and manganese on EL2018/0053 and EL2018/0054. The review confirmed the documented presence of highly anomalous cobalt, as well as copper and zinc concentrations, in a sediment-hosted geologic setting. This includes up to 0.86% Co, 0.35% Cu, and 0.21% Zn in rock chip samples taken at the Muttabee historical manganese mine on ELA2018/0054.

Pacifico is in the process of assembling a comprehensive database of previous exploration including geologic mapping, stream sediment, soil and rock chip geochemistry, as well as geophysical surveys conducted in target areas. The company plans to commence exploration on these EL’s once granted. At this time, the company will undertake reconnaissance rock chip sampling and mapping within areas of known Co-Cu-Mn mineralisation. This information will be combined with available geophysical data to identify targets for follow-up drill testing.

 

Borroloola West Joint Venture Project, Northern Territory - Copper/Zinc (Pacifico 51%)

The Borroloola West Project consists of 12 exploration licences and 1 mining licence (1,817 km2) and lies west and northwest of the world class McArthur River zinc-lead mine and Rox Resources’ recently announced resource at the world class Teena zinc-lead deposit in the Northern Territory. The project area is underlain by the Proterozoic age McArthur Basin, the northern extension of the Mt Isa Basin and host to several world-class sediment hosted massive sulphide (“SHMS”) deposits including the major zinc/lead/silver and copper deposit at Mt Isa and the zinc/lead/silver deposit currently being mined at the McArthur River (HYC) mine just 25km east of the project tenements. The project area also lies 200km SW of the world-class Groote Eylandt manganese mine. The basement rocks, particularly in the northern parts of the tenement block, which are overlain by the same marine Cretaceous units as at Groote with a similar paleogeographic setting and depositional environment. The exploration conducted by Pacifico on the Borroloola West Project has further enhanced the region’s prospectivity for sediment-hosted copper, SHMS base metal mineralisation (zinc, lead and silver), and Groote Eylandt style manganese deposits, with several prospects now defined and ready for drill testing.

 

Mount Jukes Project, Tasmania – Copper, Gold, Base Metals (Pacifico 15%)

The Mt Jukes Project is adjacent to the Vedanta owned Mt Lyell copper/gold project in Tasmania. Corona Minerals Ltd (“Corona”) is the operator and manager of this project. Further details about the project can be found at www.coronaminerals.com.