Pampa Metals Corp. reported that diamond drillhole PIU-03 is making excellent progress towards its targeted downhole depth of 850 - 900m. Hole PIU-03 is designed to extend copper-gold mineralization to depth on the northeast and southeast sides of the Piuquenes Central porphyry and to better delineate a newly identified core of strong chalcopyrite-bornite copper mineralization associated with intense porphyry quartz stockwork veining in hole PIU-02.

Hole PIU-03 was collared approximately 300m to the west of hole PIU-02 and drilled at an angle of 75deg on a 90deg azimuth. It is the third hole of a diamond core drill program designed to evaluate the Piuquenes Centralporphyry copper-gold deposit from surface to approximately 1000 metres depth.