A geophysical program was performed on Cerro Delta in 2008 which outlined several large IP anomalies that are associated with both the Cerro Porfiro (high chargeability) and Cerro Delta (high resistivity) areas, another characteristic in common with the known deposits along the Maricunga belt. At Cerro Delta these IP chargeability anomalies extend to 1,000 m by 600 m in area. Coincident with the IP anomalies are two areas of gold-in-soil anomalies with anomalous values from 25 to over 100 ppb gold that form several contiguous zones measuring up to 200 m by 800 m in area. Similar gold in soil anomalies are noted over the Refugio, Caspiche and Cerro Casale deposits. For example, the gold in soil and rock chip anomalous gold zone originally mapped by Anglo American at Capiche measured 650 by 300 meters.The Cerro Delta project is drill ready and the company intends to begin drilling in the fourth quarter of 2011.
Pan American Goldfields Ltd Announces Acquisition Of The Cerro Delta Gold Project In The Maricunga Gold Belt
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.