Pampa Metal and CEO A Paul Gill: What’s Happening
Pampa Metals, led by CEO A Paul Gill, is one of the rising junior copper mining companies in Canada. Pampa Metals currently owns a portfolio of over 62,000-hectare that is prospective for copper and gold. The eight projects are located along Chile copper mine and Chile gold mining belt with historic data of rich mining.
Pampa Metals is listed on the Canadian stock exchange (CSE: PM) and Frankfurt stock exchange. Pampa Metals Stock in Canada is currently trading at CAD 0.30. The company has shown a 52-week range of CAD 0.26 to CAD 0.60. This is one of the companies to keep an eye on. As a follow-up to our previous article on Pampa Metals, this article highlights the latest news on the junior copper exploration and mining company.
Project Updates and Announcements
1. Joint Ventures with Austral Gold and VerAl Discoveries Inc.
Pampa Metals had signed a joint venture with Austral Gold Limited in the second half of 2021. Under the joint venture agreement, Austral Gold Limited can also benefit from the success of the Morros Blancos and Cerro Blanco projects.
Pampa Metals has also signed a joint venture with VerAI Discoveries Inc, which is an artificial intelligence company focusing on AI for junior copper exploration and mining. The agreement was announced in February 2022 and targets all 8 properties. Together, the partnership will benefit the company’s endeavors in copper metals as well as precious metals.
Commenting on the partnership, CEO A Paul Gill said, “Pampa Metals’ activities and advances, together with those of its partners, is giving the Company maximum leverage towards its value-accreting discovery objective from greenfield projects in one of the world’s leading mining jurisdictions.”
2. Morros Blanco Project
The Morros Blancos Project spans over 7300 hectares in Northern Chile, approximately 75 kilometers from Taltal city. The project is 100% owned by Pampa Metals. The property is subject to 3% NSR royalties for base metals and 2% NSR royalties for precious metals. The project is prospective for several gold, copper, and silver deposits and mines. Since the property is located along the Paleocene mineral belt, it is an important copper mine trend and lies east of the Amancaya gold-silver mining district.
3. Cerro Blanco and Cerro Buenos Aires Project
The Cerro Blanco and Cerro Buenos Aires Projects span over 6500 and 7600 hectares and are prospective for porphyry-style copper as well as epithermal gold and silver deposits. The property is located in the heart of the Paleocene mineral belt, which is in Northern Chile. The projects are at moderate altitudes and can be accessed via Pan American Highway. Pampa Metals is in the process of completing an induced polarization survey (IP) at the Chiquitin drill target. In February 2022, it was announced that the results of the drilling are expected in the next month.
