Pampa Metals Corporation announced that it has identified an additional zone of undrilled and outcropping porphyry related quartz-vein stockworks coincident with geophysical and geochemical anomalies at the Piuquenes Porphyry Copper-Gold Project. Piuquenes East Stockwork Zone: Since optioning the Piuquenes Porphyry Copper-Gold Project (refer 30 November 2023 News Release) the Company has completed a comprehensive review of the project's technical data base which includes: Detailed Surface Geology and Geochemistry (1:2500); Geophysics - Deep 3D PDIP & NSMT (17.8km gDAS24); Airborne magnetic/radiometric survey; and 800m of well-preserved historical drill core. One of these zones, referred to as the Piuquenes East prospect, is located immediately proximate to the mineralized Altar North Porphyry held by Aldebaran Resources.

The Piuquenes East prospect is characterized by outcrops of sinuous and banded dark gray quartz veinlets covering an area of 100 x 200m hosted within an altered intermineral porphyry. Alteration is typical of that commonly observed in the epithermal-porphyry transition zone of fully preserved, high level porphyry systems. The mapped stockwork zone is associated with a 400 x 300 m copper-gold soil-rock geochemical anomaly, and co-incident intermediate chargeability and intermediate-high resistivity anomalies in Electrical (IP) Geophysics. The Company has also identified two additional areas (Piuquenes South and Piuquenes Southwest) of outcropping porphyry intrusives, with evidence of porphyry-type quartz veinlets, on the southern and southwestern edges of the property.

These zones are located topographically above Piuquenes East and characterized by rolled blocks of veinlets in domains of epithermal alteration and hydrothermal breccias, indicative of a porphyry system at depth. These two zones also occur co-incident with PDIP geophysical anomalies, including intermediate chargeability and moderate-high resistivity, comparable to those described at Piuquenes and Piuquenes East. Pampa Metals intends to complete follow-up surface mapping and geochemistry on these target areas with a view to defining drill targets for future programs.