Pacifico’s Phase 111 drilling returns robust results

By Jonathan Jackson. Published at Jan 30, 2020, in Mining

Pacifico Minerals Limited (ASX:PMY) has this morning released positive results from its Phase III drilling program at its 75% owned Sorby Hills Lead-Silver-Zinc Project.

The news comes just days after it highlighted the significant progress it has made in the last three months, including a 20% increase in the global resource at Sorby Hills: a 53% increase in the total indicated resource to 16.6 million tonnes at 4.8% lead equivalent and 0.4% zinc through conversion of the Inferred Resource.

The total resource now stands at 36 million tonnes at 4.7% lead equivalent and 0.5% zinc.

Read: Pacifico progresses to new phase of metallurgical testing

Today’s news strengthens Pacifico‘s case with results from Phase III drill hole returning robust intersections and providing extensions to current mineralisation.

These results confirm the possibility of a new zone of shallow mineralisation.

Significant shallow drill intercepts from both B Deposit and Omega deposit include:

  • 18.0m at 5.08% Pb,36g/t Ag and 0.2% Zn from 10m – Omega Deposit;
  • 10.0m at 7.16% Pb, 383g/t Ag and 0.43% Zn from 110m –Omega Deposit;
  • 6.0m at 9.53% Pb, 55g/t Ag and 0.32% Zn from 47m –Omega Deposit; and
  • 10.0m at 4.73% Pb, 34g/t Ag and 0.46% Zn from 25m – B Deposit.

The Phase 111 program was focused on shallow mineralisation above 100m depth, that may be mineable by open pit, at B and Omega deposits.

Phase III consisted of 49 reverse circulation holes for a total of 3,265m.

Most holes were inclined at 60° and drilled at 270° towards the west.

Looking at Omega specifically. Intersections support the estimated grades and targeted mineralisation geometry at the Omega deposit and have further confirmed the geological continuity of the mineralisation.

The Omega deposit remains open to the west and southeast towards the B deposit.

 Interpreted geology section 8291500N, Omega deposit, central section highlighting the continuity of mineralisation in the west of Omega.
Interpreted geology section 8291500N, Omega deposit, central section highlighting the continuity of mineralisation in the west of Omega.

The B Deposit is considered contiguous and is particularly shallow with only 9m of cover to the top of the mineralised horizon. Most of it lies above 40m depth.

It is possible the B Deposit links up with the Omega Deposit to the north. Pacifico geologists are confident that the mineralisation can be extend incrementally during future drilling campaigns.

Interpreted geology section 8289995N, B deposit. The new drill hole confirmed the continuity of the mineralities.
Interpreted geology section 8289995N, B deposit. The new drill hole confirmed the continuity of the mineralities.

Pacifico will continue its detailed review of the technical information to move the project forward.

It will also continue subsequent infill drilling and at the same time is focusing on delivering the PFS in the coming months.

The company is preparing for the next series of drilling campaigns to increase the mineral inventory.

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!