PMMPioneer Minerals has identified five new priority gold-copper targets at its San Francisco project in Argentina following an integrated review of historical data. These targets are largely untested by previous drilling and show anomalous geochemical signatures. The company plans to conduct mapping and sampling to further define these opportunities.
Pioneer Minerals has identified nine new geochemical targets (T01–T09 and T10) at the San Francisco Project in Argentina using integrated geological and geochemical modelling. These targets, which exhibit gold-copper-silver signatures, are largely untested by historical drilling and will be validated through upcoming mapping and sampling programs.
This market wrap reports a mixed day for the ASX, with the overall index up but the mining sector generally down. Pioneer Minerals (ASX:PMM) saw its shares double after securing an option to acquire the San Francisco gold-copper-silver project in Argentina, which boasts high-grade historical drill intercepts. The company also announced a $1.8 million capital raising. Separately, Alkane Resources (ASX:ALK) reported strong gold and antimony sales and paid its maiden dividend.
Pioneer Minerals has entered staged option agreements to acquire 100% of the San Francisco gold-copper-silver project in Argentina's San Juan Province. The project features high-grade historical drill intercepts, including massive chalcocite, and Pioneer intends to conduct 3D modelling and depth-extension drilling to define a modern mineral resource.
Pioneer Minerals Ltd has presented historical drill results from its newly acquired San Francisco Gold-Copper-Silver Project in San Juan Province, Argentina. The presentation highlights broad, high-grade polymetallic intersections, including 109m at 4.94 g/t Au, 109 g/t Ag, and 1.13% Cu from 12m in SFDH-012. While these results demonstrate significant potential from near surface to several hundred metres depth, they are historical and true widths are currently unknown, necessitating further drilling and a systematic exploration pathway.
Pioneer Minerals Ltd has entered into an option agreement to acquire the San Francisco Gold-Copper-Silver Project in San Juan, Argentina, which boasts extensive historical high-grade drill intercepts for gold, copper, and silver. The company has also secured A$1.8 million in funding to advance the project, including 3D geological modelling and future drilling. While the historical results are promising, Pioneer will need to verify the data and conduct new drilling to confirm the project's potential.
