Maiden drilling at Cerro Chacon confirms epithermal system

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Stock PR2.ASX (PR2.ASX)
Release Time 11 Jun 2026, 8:27 a.m.
Price Sensitive Yes
 PR2.ASX: Maiden Drilling at Cerro Chacon Confirms Epithermal System
Key Points
  • Low-sulphidation epithermal Au-Ag system confirmed across 10 km² area
  • Peak intersections include 1 m @ 2.75 g/t Au and 1 m @ 456.67 g/t Ag
  • Exploration model confirmed; deeper drilling planned to target high-grade zones
Full Summary

Piche Resources Limited has completed its maiden RC drilling program at the Cerro Chacón Gold Project in Argentina, confirming a low-sulphidation epithermal Au-Ag system across an area of approximately 10 km². The drilling program, which included 53 RC holes totaling 5,911 meters, intersected significant gold and silver mineralization at Toro Hosco, with highlights including 1 meter at 2.75 g/t Au and 1 meter at 456.67 g/t Ag. The results support the exploration model and will guide future drilling targeting deeper, high-grade zones. The Company is now advancing structural interpretation and geophysics to refine drilling targets.

Outlook

The Company plans to continue exploration with structural interpretation, geophysics, and additional geochemical sampling to refine drilling targets and assess depth potential.