Group Technical Report Borroloola West Project 11 April 2018 to 10 April 2019

Abstract

This annual report for the period 11 April 2018 to 10 April 2019 covers the mineral exploration completed by Pacifico Minerals Ltd (Pacifico) on six granted Exploration Licences, covering 335 block,s of the Borroloola West Project Group, Report Number GR121-13. The Borroloola West Project consists of Exploration Licences (EL) 26938, 26939, 28508, 28658, 30157 and 30305. The Project area is located about 650 km southeast of Darwin in the Gulf Country of the Northern Territory. On the eastern side is the township of Borroloola, the McArthur River Mine and its loading facility at Bing Bong on the Gulf of Carpentaria. To the south is Cape Crawford and to the northwest is Roper Bar. The project area lies within the Batten Trough of the Middle Proterozoic sediments and minor volcanics of the Tawallah, McArthur and Roper Groups of the McArthur Basin with Cretaceous and Tertiary cover sediments. During the reporting period, Pacifico conducted an Aircore Drilling program on EL 26939. A total of 37 Aircore drillholes were advanced for a total of 1100m, and 133 samples were submitted to the laboratory for analysis. No other on ground works were undertaken within the project area. There is further potential for oxide copper mineralisation in this area and the focus for the next reporting period is to amalgamate all existing project data and compile a detailed review of the existing geophysical and geological data to further define drilling targets.