Day: March 15, 2018

Pacifico Minerals Limited is pleased to report it has entered into a Binding Option and Terms to Purchase agreement to acquire all the issued capital in Minera GS S.A. de C.V., a privately held gold mining and exploration company incorporated in Mexico that holds 100% of the mineral rights within the prospective tenement T.243345 .

Los empresarios Fernando Alanís Ortega, director general de Peñoles; Jaime Lomelí Guillén y Christopher Ávila Mier, del Corporativo Bal, manifestaron su voluntad de trabajar junto al gobierno en pro de una minería sustentable y exitosa…

Discovery President and CEO, Taj Singh comments: “We are pleased with the results from our Phase I drill program at La Kika, the first-ever drilling at this project. Drilling focused on a very shallow zone around historic workings. We intersected a series of narrow, high-grade mantos, suggesting potential for an extensive mineralized system at depth. Results from a property-wide geochemical sampling program indicate that the prospective area at La Kika may be substantially larger than originally hypothesized. Next steps at La Kika include detailed mapping of the newly identified area, property-wide geophysics and possibly trenching work.”

Gillian Kearvell, VP Exploration, added: “While it is not uncommon in today’s market driven environment to seek short cuts to reduce the timeline to discovery, positive exploration results are nevertheless dependent on time, hard work and persistence to succeed. This important new interpretation at Tepal is a direct result of the focused effort and dedication shown by the field exploration team with the support of key stakeholders. We are delighted by the success of the 2017 field program and are very much looking forward to an exciting exploration year ahead.”