Pacifico provides zinc exploration update

By Trevor Hoey. Published at Oct 18, 2017, in Mining

Pacifico Minerals (ASX:PMY) has released an update regarding current exploration activity and upcoming programs in relation to the Borroloola West joint venture in which it has a 51 per cent interest with Sandfire Resources (ASX:SFR) owning the remaining 49 per cent stake.

The Borroloola West project covers a package of ground north-west of the McArthur River mine, the world’s largest producing zinc-lead mine. It is considered highly prospective territory for the discovery of world-class base metal deposits, and the joint venture is looking to uncover such a find.

At this stage two holes have been drilled at Coppermine Creek (see below), and both intersected visible copper mineralisation over significant widths. Modelling developed from previous exploration drilling and ground electromagnetic survey conductivity profiles indicates that the copper mineralisation is extensive, stratabound and gently dipping.

Management also highlighted the fact that there are large areas where the depths of the layer are relatively shallow, lying between 50 metres and 250 metres.

Coppermine creek drill holes

Given there remains major potential in the undrilled extension towards the south and east of the copper mineralisation, the next stage of exploration will include detailed mapping and rock chip geochemistry over the prospective area to define targets for large economic concentrations of copper mineralisation.

It should be noted that this is early stage exploration and investors considering PMY for their portfolio should seek professional financial advice before making an investment decision.

Two diamond drill holes completed at the Mariner prospect featured carbonaceous black shales which fit stratigraphically to be part of the Barney Creek formation, host to the world class McArthur River zinc-lead deposit.

However, this area hasn’t historically been recognised or mapped and the presence of other geological structures has increased management’s confidence of a McArthur River type find.

It is a similar story at the Berjaya Prospect, which lies west and north-west of the world class McArthur River zinc-lead mine and Teck’s zinc-lead resource at the world class Teena deposit.

A diamond drill hole was designed to test a Versatile Time Domain Electromagnetic (VTEM) conductive horizon that appeared to correspond to the position of the overall gently dipping Barney Creek Formation beneath the Hot Springs Formation below a depth of 150 metres.

The hole intersected down-faulted cretaceous sediments with coal fragments and then passed into the Hot Springs Formation at a depth of 143 metres. Management is of the view that the projected VTEM conductive horizon at the base of this horizon may be reflecting the weathered clayey sediments of the top of the Hot Springs Formation.

PMY intends to continue the hole, at least into the underlying Barney Creek Formation to provide stratigraphic control for future drilling programs at a later date.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!