PMH 0.00% 26.0¢ pacmag metals limited

keep ypur eyes peeled....., page-2

  1. Yak
    13,672 Posts.
    yeeehaaaa re: keep ypur eyes peeled..... ASX ANNOUNCEMENT
    INITIAL PACMAG RESOURCE ESTIMATE (JORC COMPLIANT)
    FOR ANN MASON COPPER-MOLYBDENUM DEPOSIT
    KEY POINTS
    • PacMag's initial Ann Mason resource of 810 million tonnes @ 0.40% copper and
    0.004% molybdenum (0.30% copper cut off) contains 64% more copper than
    previous estimate.

    • 3.2 million tonnes (7.1 billion pounds) of contained copper metal with an in-ground
    value of US$25 billion based on current metal prices.


    • Higher grade material contained within the new global inferred resource
    include:
    o 221 million tonnes @ 0.51% copper, 0.004% molybdenum (0.55% copper
    equivalent)
    • Significant upside potential to increase the resource grade with large gaps in the
    northwest of the deposit along strike from the higher grade copper –
    molybdenum zones already identified (containing previous drill intersections of
    302 metres @ 0.81% copper and 220 metres @ 0.68% copper).
    • Mineralisation is open at depth on most drill sections, providing potential to
    further increase resource tonnage.
    The Directors of PacMag Metals Ltd ("PacMag") are very pleased to report the company's
    initial resource estimate for the Ann Mason Copper-Molybdenum-Gold deposit owned 100%
    by PacMag Metals Limited. The deposit is located in Nevada USA within a well known
    mining district.
 
watchlist Created with Sketch. Add PMH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.