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As of 1:38 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

pacifico minerals ltd (PMY) Snapshot

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pacifico minerals ltd (PMY) Details

Pacifico Minerals Limited explores for mineral tenements in Australia and Colombia. It primarily explores for zinc, copper, gold, silver, and manganese. The company focuses on Berrio Gold project located in Antioquia, Colombia. It also owns interests in the Natagaima project and Urrao project in Columbia, as well as in the Borroloola West project in Northern Territory, Australia. The company was formerly known as Jaguar Minerals Limited. Pacifico Minerals Limited is based in Perth, Australia.

pacifico minerals ltd (PMY) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$159.0K
Compensation as of Fiscal Year 2014.

pacifico minerals ltd (PMY) Key Developments

Pacifico Minerals Limited Announces Executive Changes

Pacifico Minerals Limited announced the appointment of Amanda Wilton-Heald as company secretary. Mrs. Wilton-Heald is a chartered accountant with over seventeen years of experience within Australia and the UK. Following Mrs. Wilton-Heald's appointment, and after a lengthy and highly valued tenure with company, Mr. Patrick Holywell has retired as joint company secretary and Mr. Joshua Ward will retire as company secretary at the end of August, 2015 if required to ensure a smooth transition.

Pacifico Minerals Limited Provides Update on Borroloola West Project

Pacifico Minerals Limited announced the completion of recent field reconnaissance, and an assessment of Versatile Time Domain Electromagnetic data flown for Pacifico, leading to the development of drill targets for zinc - lead - silver and copper. Exploration conducted by Pacifico on the Borroloola West Project since July 2013 includes compilation of all existing geophysical data, definition of preliminary target areas, geological mapping, rock chip sampling, aircore drilling targeting copper and manganese mineralization, airborne magnetic and VTEM survey of three selected prospective areas - Berjaya, Bing Bong and Coppermine Creek. Pacifico have a farm-in agreement with Sandfire Resources NL on the Borroloola West Project, consisting of 15 exploration licences, one mining licence and one exploration licence application. Pacifico has recently negotiated a six month extension on the farm-in and will now be required to spend a further $385,000 by December 20, 2015 (previously June 20, 2015) to earn a 51% interest. The Berjaya EL lies about 30km west of the McArthur River Mine, Australia's zinc-lead-silver producer, and one of the zinc-lead-silver deposits in the world, with a total deposit size of 227Mt of 13.4% Zn + Pb1. Rox Resources Ltd.'s recently discovered Teena Deposit (exploration target of 60 - 80Mt of 8 - 12% Zn + Pb2) lies between the McArthur River deposit and Pacifico's Berjaya tenement. The Berjaya tenement contains probable Barney Creek Formation, and major growth faults, key geological components at both the McArthur River mine and the Teena deposit. Prospective Barney Creek Formation has been mapped by the Northern Territory Geological Survey (Mount Young 1:250,000), and confirmed by Pacifico, over more than 30 kilometres of strike within EL28658. VTEM, flown for Pacifico, shows some conductive zones downdip of outcropping, gently westerly dipping Barney Creek Formation. Growth faults, north of the VTEM survey area are inferred from the geological mapping and confirmed in the regional aeromagnetics. The southernmost fault has a number of base metal occurrences along its strike, confirming it as a possible mineralization conduit. Further reconnaissance mapping and pXRF is planned to define reverse circulation drill targets. Pacifico is currently preparing for reverse circulation and diamond drilling.

Pacifico Minerals Limited Provides Update on Berrio Gold Project

Pacifico Minerals Limited announced, further to the announcement on 21 January 2015, it has rationalised the tenure at the Berrio Gold Project. Under a previous agreement, Pacifico could elect to earn a 30% stake of the vendor's interest in seven titles covering 62 hectares with a $750,000 payment due now and additional interests with further cash payments in the future. During 2014 and earlier 2015, Pacifico assessed the prospectivity of these seven titles and it became apparent that prospective mineralization extended outside the boundaries of these seven titles. The Board implemented a strategy to acquire adjacent titles and in early 2015 achieved this by acquiring 14,300 hectares. Recent mapping confirmed that the expanded Berrio Gold Project contains a several fold increase of the highly prospective Berrio Sediment package as well as other prospective terrains including the prolific Segovia Batholith. Mapping also confirmed the faulted contact, considered by Pacifico to be highly prospective for gold, silver and base metals, lies west of the original 62ha project area. Company geologists have traced the faulted contact for 6.2 km within the recently acquired tenements. Further, regional geological maps published by the Geological Survey of Colombia suggest that the contact continues south into recently acquired tenements 6825 and 6826 for a further 7.8 km. The recently acquired tenure, which significantly multiplies the size and prospectivity of Pacifico's ground holding at Berrio, was acquired at a fraction of the cost of the original agreement with only $600,000 payable in staged payments.


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