Pioneer Secures Option Over High-Grade Au-Ag-Cu in San Juan

• Pioneer Minerals has secured an option to acquire a high-grade gold-silver-copper project in Argentina
• Historical drilling has shown broad zones of high-grade mineralization
• The acquisition includes a large area with numerous untested breccias and veins

Pioneer Minerals Limited (ASX: PMM) has entered into staged option agreements to acquire the San Francisco Gold-Copper-Silver Project in San Juan Province, Argentina. The project includes the San Francisco breccia pipe, which has been extensively drilled and shows broad, high-grade gold-silver-copper mineralization. Historical drilling has returned significant intercepts, including 109m @ 4.94 g/t Au, 1.13% Cu, and 109 g/t Ag. The project is part of a larger mineralized breccia and vein field with over 70 breccias and 130 veins, of which only a few have been drill-tested. If completed, the acquisition will provide Pioneer with a consolidated exploration position of approximately 3,477 hectares, subject to shareholder approval. Pioneer has also received firm commitments to raise A$1.8 million to fund the acquisition.

Pioneer plans to undertake detailed 3D geological and mineralisation modelling, geochemical interpretation, and geophysical surveys to advance the San Francisco mineralised system towards resource definition and explore the broader project for additional discoveries.