Piche Resources Launches 8,500m Drilling at Cerro Chacón Gold Project
Piche Resources is set to begin an extensive reverse circulation drilling program at its Cerro Chacón gold project in Argentina, aiming to unlock significant gold-silver potential.
- 8,500-metre RC drilling program commencing mid-October 2025
- Drilling targets three areas within a 12 km structural corridor
- Focus on a large low-sulphidation epithermal gold-silver system
- Geological similarities to major Argentine gold deposits
- Drill rig secured and weather conditions favourable
Piche Resources Advances Exploration in Argentina
Piche Resources Limited (ASX, PR2) has announced the imminent start of a significant reverse circulation (RC) drilling campaign at its Cerro Chacón gold project, located in Chubut Province, Argentina. Scheduled to commence during the week of 15 October 2025, this initial program will cover 8,500 metres of drilling aimed at testing high-priority targets across three distinct project areas.
Strategic Targeting Within a Promising Geological Corridor
The drilling will focus on zones distributed along a 12-kilometre structural corridor, a geological feature that often hosts mineralisation. Each of these areas contains multiple zones of interest, suggesting a complex and potentially rich mineral system. The Cerro Chacón project is interpreted as a large, low-sulphidation epithermal gold-silver system, a style of deposit known for its economic significance.
Regional Analogues Bolster Optimism
Geologically, Cerro Chacón shares characteristics with some of Argentina’s most prolific gold deposits, such as Cerro Negro and Cerro Vanguardia in Santa Cruz Province. These analogues have produced multi-million-ounce gold resources, lending credence to the potential scale and value of Piche’s project. The company’s securing of the drill rig and favourable weather conditions set the stage for a smooth start to the program.
Implications for Piche and Investors
This drilling campaign represents a critical step in advancing Cerro Chacón from exploration towards potential resource definition. Positive results could significantly enhance Piche’s asset base and market valuation. However, the company has yet to provide timelines for assay results or detailed expectations, leaving investors eager for updates as the program unfolds.
Bottom Line?
As drilling kicks off, all eyes will be on Cerro Chacón’s assay results to gauge Piche’s next growth chapter.
Questions in the middle?
- When can investors expect the first assay results from the drilling program?
- How will the geological data compare to the nearby major gold deposits?
- What are the potential timelines and capital requirements for advancing Cerro Chacón further?
