How High Can Piche Resources Push Gold and Silver Grades at Cerro Chacón?
Piche Resources has reported compelling high-grade gold and silver rock-chip results from its Cerro Chacón Project in Argentina, extending mineralisation along a 14km corridor and setting the stage for imminent drilling.
- Rock-chip assays up to 16.98 g/t gold and 761.3 g/t silver
- Mineralised footprint extended along a 14km structural corridor
- Multiple silver and base-metal-rich breccia zones identified
- Priority drill targets incorporated into upcoming RC drilling program
- Drilling scheduled to commence in October 2025
Exploration Breakthrough at Cerro Chacón
Piche Resources Limited (ASX – PR2) has announced a significant advancement in its exploration efforts at the Cerro Chacón Gold-Silver Project, located in southern Argentina. Recent rock-chip sampling has delivered high-grade assay results, with gold values reaching as high as 16.98 grams per tonne and silver assays up to 761.3 grams per tonne. These findings confirm the prospectivity of a large low-sulphidation epithermal system, comparable to notable Patagonian deposits such as Cerro Vanguardia and Cerro Negro.
Extending the Mineralised Corridor
The new assays were collected from the Toro Hosco and Chacón Grid prospects, where detailed field reconnaissance identified quartz-vein and breccia zones rich in precious and base metals. The results notably extend the mineralised footprint along a 14-kilometre prospective corridor trending north-northwest. High-grade samples from both sectors demonstrate robust epithermal zonation, with multiple silver and base-metal-rich breccia zones delineated, underscoring the geological complexity and potential scale of the system.
Strategic Drill Planning and Next Steps
Building on these encouraging surface results, Piche Resources has integrated several priority drill targets into its upcoming reverse circulation (RC) drilling program, set to commence in October 2025. The drilling campaign aims to test the continuity of gold and silver mineralisation both along strike and at depth, particularly focusing on the Toro Hosco and Cerro Chacón sectors. Complementary surface sampling and structural mapping will continue to refine the understanding of vein geometry and mineralisation controls, enhancing the precision of future drill targeting.
Context and Confidence in Exploration
The Cerro Chacón Project covers approximately 414 square kilometres and is wholly owned by Piche Resources’ Argentine subsidiary. Historical exploration by previous operators laid the groundwork through geological mapping, geochemical sampling, and geophysical surveys, but no drilling had been conducted until now. The current rock-chip sampling program, conducted with rigorous quality control and accredited laboratory assays, provides a solid foundation for advancing the project towards resource definition.
Looking Ahead
While these surface results are promising, it is important to note that no drilling has yet been completed, and true widths and grade continuity remain to be established. The forthcoming RC drilling will be pivotal in confirming the extent and economic potential of the mineralisation. Investors and analysts will be watching closely as Piche Resources transitions from surface exploration to subsurface testing, a critical step in unlocking value at Cerro Chacón.
Bottom Line?
Piche’s upcoming drilling campaign will be the true test of Cerro Chacón’s potential to evolve from promising surface anomalies into a significant gold-silver resource.
Questions in the middle?
- Will the RC drilling confirm continuity and true widths of the high-grade mineralisation?
- How will the geological mapping refine the understanding of vein systems and influence drill targeting?
- What are the potential timelines and milestones for resource estimation following drilling?
