Pacifico Minerals’ June Quarterly Report Recorded Noteworthy Accomplishments

  • Jul 16, 2020 AEST
  • Team Kalkine

Australian exploration company, Pacifico Minerals Limited (ASX: PMY), in its three-months update till June 2020, demonstrated robust advancements at its Sorby Hills Joint Venture Project. 

During the quarter, PMY updated Mineral Resource Estimate (MRE) for Sorby Hills, leading to a substantial increase in the resource base. 

On the Optimised PFS, PMY noted a significant increase in process plant throughput along with metallurgical testwork confirming improved Pb recovery estimates

The company acquired Eight Mile Creek land package adding 30km of strike length of prospective exploration ground adjacent to Sorby Hills. Meanwhile, BurnVoir was appointed to secure development funding for the Sorby Hills. 

June 2020 MRE would underpin Pit Optimisations at Optimised PFS, which is on track and slated for completion in late July 2020. Notably, the company reported the consolidated cash balance of $3 million at quarter-end.

 


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