Pampa Metals Corp. provided an update on the progress of diamond drilling designed to test coincident geological, geochemical, and geophysical anomalies on its 100% owned Buenavista target located along the world's pre-eminent porphyry copper belt in northern Chile. Buenavista Drilling Program: Drill hole BV01-2023, collared on the dacite porphyry with quartz veinlet stockwork in the Buenavista porphyry alteration zone, cut the previously dated Early Tertiary (+/- 60 Ma) dacite porphyry intrusion with variable quartz veining and visible pyrite-molybdenite disseminations, prior to entering Paleozoic granite country rocks with early porphyry phase quartz-magnetite veining and breccias at depth.

BV01-2023 was completed to a vertical depth of 553m. As BV01- 2023 exited the dacite porphyry at 475m depth, it is interpreted that the porphyry is tilted to the north with its likely roots coincident with an IP chargeability anomaly which is located 750m north of the hole collar position. Drill hole BV02-2023 was collared 450m west of hole BV01-2923 on a mapped quartz-sulphide breccia zone with visible copper oxides at surface.

Drilling intersected Paleozoic aged rhyolite volcanic and granite batholithic rocks crosscut by a series of quartz-sulphide (pyrite-enargite) veins and thin granodiorite dykes with porphyry style quartz veining, pervasive phyllic alteration, and visible pyrite-chalcopyrite (+/- molybdenite) disseminations. This series of dykes and veins is currently interpreted to represent a Tertiary-aged, early inter-mineral phase of a porphyry system. Hole BV02-2023 was completed to a down-hole depth of 670m, angled at 60° to the southwest.

Drill hole BV03-2023 was collared from the same platform as hole BV02-2023 and drilled at a steeper angle to target the interpreted source of the narrow granodiorite dykes intersected in hole BV02-2023. Similar geology to that seen in hole BV02-2023 was intersected. Hole BV03-2023 was completed to a down-hole depth of 734m, angled at 80° to the southwest.