Piche Resources has extended its Cerro Chacon gold-silver mineralised corridor to 14km and identified multiple high-grade uranium zones at Sierra Cuadrada, setting the stage for an 8,000m drilling campaign in 2Q 2025.
- Cerro Chacon mineralised corridor extended to 14km with significant gold, silver, and base metals
- Maiden 8,000m reverse circulation drilling program planned for Cerro Chacon in 2Q 2025
- Sierra Cuadrada uranium project reveals multiple high-grade zones across 66.5 km²
- Exploration Environmental Impact Assessments approved for key project areas
- Auger drilling and geochemical sampling confirm uranium potential and guide future drilling
Expanding the Gold Frontier at Cerro Chacon
Piche Resources Limited (ASX: PR2) has announced a significant advancement in its Argentine exploration portfolio, with the Cerro Chacon project’s mineralised epithermal vein and breccia system now extended to a strike length of 14 kilometres. This expansion was achieved through detailed geological mapping and an extensive geochemical sampling program, which has identified very promising gold, silver, and base metal anomalies, particularly at the La Javiela South and Toro Hosco prospects.
Noteworthy assay results include rock chip samples returning up to 11.65 g/t gold and 120.3 g/t silver at Toro Hosco, and exceptional silver grades exceeding 333 g/t alongside substantial lead and zinc values at La Javiela South. These findings underscore the potential for a sizeable and economically viable mineralised system.
Drilling Program and Environmental Approvals
Building on this foundation, Piche is preparing to commence its maiden reverse circulation (RC) drilling program in the second quarter of 2025. The campaign is planned to cover approximately 8,000 metres across the Chacon Grid, La Javiela, and Toro Hosco prospects, with hole depths ranging from 100 to 250 metres. This drilling will be critical to delineate the subsurface extent and grade continuity of the mineralisation.
Importantly, the company has secured the Exploration Environmental Impact Assessment (EIA) approval for Chacon South, with Chacon Middle approval anticipated imminently. These regulatory milestones are essential for advancing exploration activities and demonstrate Piche’s commitment to responsible resource development.
Sierra Cuadrada: Unlocking Uranium Potential
Meanwhile, at the Sierra Cuadrada uranium project, Piche has reported compelling results from geological mapping, radiometric prospecting, and geochemical sampling across a 66.5 km² area. The project has identified two distinct mineralised zones within fluvial sedimentary sequences, with uranium concentrations reaching up to 28,650 ppm (2.86% U3O8) in rock chip samples and channel samples showing grades above 24,000 ppm.
Auger drilling has been completed, confirming the presence of uranium mineralisation near surface and guiding the prioritisation of targets for upcoming reverse circulation drilling. The project’s main targets are the Salamanca and Puesto Manuel Arce Formations, which have shown extensive uranium mineralisation over a strike length of approximately 70 kilometres.
Similar to Cerro Chacon, the Sierra Cuadrada project has also received EIA approval, facilitating the continuation of exploration activities.
Strategic Implications and Next Steps
Piche’s dual focus on gold and uranium in Argentina positions the company to capitalize on diverse commodity markets. The extension of the Cerro Chacon mineralised corridor and the identification of high-grade uranium zones at Sierra Cuadrada significantly enhance the company’s exploration upside. The upcoming drilling programs will be pivotal in converting these early-stage results into defined mineral resources.
While assay variability at Sierra Cuadrada warrants careful verification, and the true widths of mineralisation remain to be established pending drilling, the current data provide a robust platform for advancing both projects. Investors and analysts will be watching closely for drilling results and further regulatory developments as Piche progresses its Argentine exploration agenda.
Bottom Line?
Piche Resources’ upcoming drilling campaigns in Argentina could redefine its resource potential and market trajectory.
Questions in the middle?
- How will the upcoming 8,000m drilling at Cerro Chacon refine the understanding of mineralisation continuity and grade?
- What is the potential scale and economic viability of the uranium mineralisation at Sierra Cuadrada once drilling results are available?
- How might environmental approvals and community engagement impact the timeline and scope of exploration activities?