The following is a transcription of the above video, and The Market Herald Canada has edited it for clarity.
Simply put Pampa Metals (CSE:PM) is a Vancouver‐based post-discovery copper porphyry exploration company listed on the Canadian Stock Exchange, Frankfurt and OTC exchanges.
In November 2023, the company entered into an option and joint venture agreement for the acquisition of an 80 per cent interest in the Piuquenes Copper Gold Porphyry Project in San Juan Province, Argentina.
Joining us to talk all things Pampa Metals and its recent copper-gold acquisition in Argentina is CEO and President Joseph van den Elsen.
TMH: In November last year, the company entered into an option and joint venture agreement to acquire an 80 per cent interest in the Piuquenes porphyry copper-gold project in Argentina. But I want to know, why did Pampa pursue this acquisition?
van den Elsen: For four main reasons.
The first being the commodities themselves; we have a very bullish outlook on both copper and gold.
The jurisdiction; San Juan is a very hot jurisdiction at the moment for copper porphyry exploration and it had a lot of operational synergies with Pampa’s other operations in Chile.
The grade; the project came with a body of historic high-grade intervals of both copper and gold.
And almost most importantly, it was fully permitted, meaning we were immediately able to mobilize on the drilling program.
TMH: What progress has the company made on the project since the acquisition? And are you able to speak to any significant findings?
van den Elsen: We announced the acquisition on the 30th of November, and in the due diligence period we’d recovered a historical hole drilled by Anglo in 2016 to 920 metres’ depth. We assayed and re-logged that hole and reported those results on the 5th of December, about 550 metres of 0.38 per cent copper and 0.42 grams a ton of gold from 360 metres’ depth.
We also reported the findings of our review of the historical database as well as our own mapping program, which identified a number of additional undrilled targets that we’ll look to test in future drill programs.
TMH: I know last week the company also outlined the follow-up drill program, which is scheduled to start, I believe, mid-January. So soon or if not, it’s probably already started. So where are you on that timeline?
van den Elsen: Today we put out a news release confirming that we have started that program. We’re looking to drill three to four holes this drilling season and that started as I mentioned today.
The purpose of that campaign is to test the depth and extension of the known mineralization at the primary Piuquenes central porphyry target and to try and show an ore body of about a thousand metres’ depth and 3 to 500 metres’ width.
TMH: Switching gears away from the projects, what can you tell us about the company’s valuation at this time?
van den Elsen: It’s trading at about a $9 million Canadian market cap, which we think is quite compelling given the market’s interest and appetite for high-grade copper-gold projects in attractive jurisdictions post-discovery and where you have a clear line of sight to news flow on the back of drilling.
TMH: What’s next for the company or what do viewers and shareholders have to look forward to in the years to come?
van den Elsen: The market should expect a lot of results-driven news flow as we start on the first of a multiple exploration campaign program as well as market awareness campaigns.
This is a project that isn’t known by the market. It’s been privately held up until now, and it’s important that we get as many eyes on what is a significant asset.
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