Pacifico Minerals Limited (ASX: PMY) provided a robust Mineral Resource Update at its Sorby Hills Joint Venture Project. The substantial upgrade integrates Phase III drilling results and a comprehensive review of its geological and analytical database.
Post significant update, PMY stock soared ~17% to $0.007.
Key developments include:
- 7.1 million tonnes at 6.1 % Pb equivalent classified as Measured Resources.
- Contained lead in the Measured & Indicated (M & I) resource category increased by 20% to 20.8 million tonnes
- 19% increase in contained Silver to 54.8 million ounces including a 28% increase in the M & I category to 26.8 million ounces.
- 9% increase in contained lead to 44.0 million tonnes at 4.5% Pb equivalent
Pacifico has established significant confidence in the geological and resource model and plans to include new pit optimizations in Optimised Pre-Feasibility Study.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.