Pampa Metals Discovers New Copper-Gold Porphyry System in Argentina

Pampa Metals has made a promising breakthrough in mineral exploration with the discovery of a new porphyry copper-gold system at its Piuquenes East project in San Juan, Argentina. The company's initial drill hole, PIU-06, has intercepted a substantial mineralized interval that signals the potential for a significant mineral deposit.

The drill results are particularly noteworthy due to the intersection of 98 meters grading 0.49% copper and 0.16 g/t gold, located within a larger mineralized zone of 208 meters. This discovery is strategically positioned adjacent to Aldebaran Resources' Altar North system, in a region known for its rich copper-gold potential.

Geologically, the Piuquenes East system displays characteristics of world-class porphyry deposits, featuring multiple phases of mineralization and alteration. The discovery is especially exciting because the system remains entirely unexplored to the north, west, and east, suggesting substantial room for future expansion and resource definition.

The discovery is situated in the San Juan Miocene porphyry belt, a region with significant mining activity and interest from major international mining companies. Proximity to other significant projects like El Pachón and Los Azules underscores the area's geological potential for copper-gold mineralization.

Pampa Metals' exploration strategy involves systematic geological mapping, geophysical surveys, and targeted drilling to further understand and evaluate the Piuquenes East system. The company's initial findings suggest the potential discovery of a new mineral system that could significantly enhance its portfolio and attract further investment and exploration interest.

The mineralization is characterized by multiple alteration phases, including potassic, chlorite-sericite-smectite, and advanced argillic alterations. These geological features are consistent with the characteristics of many large-scale porphyry deposits in the region, indicating the possibility of a substantial mineral system.

While the current results are preliminary, they represent an important milestone for Pampa Metals and demonstrate the company's potential to identify and develop new mineral resources in a prolific geological region.