Pacifico Minerals Ltd (asx:pmy) Corporate Update - Drilling in A World Class Base Metal District and High Grade Gold in Colombia

Pacifico Minerals Ltd (ASX:PMY) ("Pacifico" or the "Company") is pleased to issue the latest corporate update relating to exploration activities.

Investment Highlights

- Board and Management team with proven track record of identifying, funding and developing projects Australia

- Pacifico is the Operator of a Joint Venture with Sandfire Resources NL. (Pacifico 51% / Sandfire 49%) on the Borroloola West Project, NT, McArthur Basin. Tenement package extends over 135km

- Copper and zinc targets established and ready for diamond drilling

- Significant stratabound copper mineralisation intersected at Coppermine Creek with potential for major discovery

- The Berjaya zinc project occurs in the same stratigraphic rock sequence (Barney Creek Formation) as the world class McArthur and Teena zinc-lead deposits, and lies only 30km and 20km respectively to the west

- Potential for copper oxide resources

To view the full corporate update presentation, please visit:

http://abnnewswire.net/lnk/L9V0690T

Colombia

- Valuable in-country experience with Pacifico operating in Colombia since 2011

- Berrio Gold Project situated within the prolific Segovia gold belt

- Underground channel sampling of artisanal workings yielded multiple samples and gt;1 oz/t Au at a faulted contact

- Pipeline of quality projects in Colombia including the Natagaima prospect, highly prospective for precious and base metals

BORROLOOLA WEST Project (Australia)

Zinc, Copper (Cobalt, Silver) Project in the Northern Territory

Project overview

- Pacifico has 51% interest in Borroloola West Joint Venture and Sandfire Resources NL (49%). Sandfire supportive of exploration strategy and are contributing their share of exploration costs

- Outstanding and previously underexplored ground package covering ~1,800km2 in East Arnhem Land of the Northern Territory

- Project area within the McArthur Basin, one of interconnected Proterozoic basins which host several world class mines including McArthur River (just 30km east of Pacifico's project area), Mount Isa and Century

- Teck Resources Teena deposit of 58Mt of 11.1% Zn and 1.6% Pb lies only 20km east of the Berjaya tenement within the same stratigraphic package

- Diamond drill targets at Berjaya (zinc-lead), Coppermine Creek (copper-cobalt), and Mariner (zinc-lead)

- Shallow drill targets for RC/diamond drilling at Limestone Creek - Pacifico 100% (zinc-lead)

- Assessment of copper oxide potential resources at Coppermine Creek and Lorella underway

BORROLOOLA WEST Project

Prospects for 2017 drilling

Borroloola West Joint Venture (Pacifico 51%, Sandfire 49%)

- Coppermine Creek - target Mount Isa Copper style deposit...