Prospective gold areas uptick for Pacifico
Published 11-SEP-2017 11:55 A.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Pacifico Minerals (ASX:PMY), an ASX-listed junior gold explorer operating in Colombia, has announced an uptick in the amount of prospective areas it intends to drill and explore, following a programme of reconnaissance geology and rock chip sampling at its Berrio Gold Project.
The Berrio Project is situated within the southern part of the Segovia Gold Belt, in the Antioquia region of Colombia. Historically, several million ounces of gold have been produced over the past 150 years from the immediate vicinity of PMY’s tenements, and PMY’s exploration team hopes to prove up significant gold mineralisation over the coming months.
Berrio is situated in the southern part of the prolific Segovia Gold Belt and is characterised by a number of operational, artisanal-scale adits, tunnels, and declines. The project is 35km from the Magdalena River which links Berrio to the Caribbean Sea and has excellent infrastructure in place including hydro power, sealed roads, water supply and telecommunications coverage.
PMY hopes its activities in Colombia will eventually facilitate fully-fledged gold mining operations, with the likes of Anglogold Ashanti, Anglo American, BHP and Glencore, already operating in the area.
However, it is early stages for PMY in this region so investors should seek professional financial advice if considering this stock for their portfolio.
Gold anomalous areas, defined as a result of this soil sampling program, will be followed up with detailed geological mapping, soil power auger grid sampling, pitting and trenching, to define diamond drill targets.
The current Auger sampling program is expected to be completed by late September 2017 with analytical results expected early October 2017.
In addition to Berrio, PMY also has an interest in two other projects in Colombia (Natagaima and Urrao) and one project in the Northern Territories of Australia (Borroloola West Project).
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.