Piche Resources Confirms Gold-Silver Potential at Cerro Chacon Project

2 min read | December 31, 2024 12:24 PM AEDT | By Team Kalkine Media

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Piche Resources Confirms Gold-Silver Potential at Cerro Chacon Project — Image source: shutterstock

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Highlights

Six new drill targets identified at La Javiela and Chacon Grid prospects.

Extensive geophysics and geochemical sampling confirm gold-silver mineralisation potential.

The epithermal vein system at Cerro Chacon has a strike length exceeding 10km, with further exploration opportunities.

Piche Resources Limited (ASX:PR2) has successfully completed a comprehensive geochemical sampling program along outcropping epithermal veins and breccias at its Cerro Chacon Project. The work follows the identification of geophysical anomalies from recent ground magnetic and induced polarization (IP)/resistivity surveys.

By combining surface mapping, geophysical data, and multielement geochemistry, Piche Resources has prioritized a number of high-potential drill targets. These findings support the Company’s belief in the gold-silver mineralisation potential at the site.

Progress at La Javiela and Chacon Grid Prospects

Piche has identified six specific targets at the La Javiela and Chacon Grid prospects, which are now ready for drilling, pending approval of the Environmental Impact Assessment (EIA). Preparation for drill pad construction and access tracks is scheduled to begin in early January, contingent on EIA approval.

Cerro Chacon Epithermal System Confirmed

The exploration team has confirmed the presence of an extensive epithermal vein system at Cerro Chacon, which spans more than 10 kilometers in strike length. The system remains open to both the north and south, presenting significant future exploration opportunities. Geochemical sampling has also revealed multiple pathfinder elements coincident with geophysical anomalies, further strengthening the case for gold-silver mineralisation.

A Promising New Gold-Silver Frontier

The Cerro Chacon Project is emerging as one of Argentina’s untapped gold-silver mineralised systems. With synergies to several large precious metal mines in the region, the project offers substantial growth potential. Piche Resources is committed to advancing drilling activities and will provide further updates as exploration progresses.

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