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ArcPacific Acquires the Silver Lode Claims and Provides Update
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - ArcPacific Resources Corp...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"ArcPacific Acquires the Silver Lode Claims and Provides UpdateVancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - ArcPacific Resources Corp. (TSXV: ACP) (\"ACP\" or the \"Company\") is pleased to report that it has acquired the 2,065 Hectare \"Silver Lode\" claims (the \"Claims\") by means of staking and has significantly expanded the Company's land position in the historic Nicola mining division, near Merritt in southern British Columbia. The new Claims adjoin the Company's Lucky Mike Project (collectively the \"Property\") and brings the total land position in this prolific mining district to 8,151 Hectares.The new Claims ensures that Arc Pacific is well positioned to explore a 5 kilometre trend of past producing silver mines and prospects now fully encompassed within its 15 kilometre long land package in this prolific mining district (See Figure 1). Reported historic mining on the Property area indicate shipments of 118 tons of ore with an average grade of 1 g/t Au and 2,014.8 g/t Ag (ARIS Report 15312). In addition to the past producing mines on the Property there are several key silver prospects yet to be explored by modern techniques. Between July 10 and August 15th, 1986, Altar Resources Ltd completed detailed geological mapping, sampling, and geophysical surveys which resulted in outlining an oxidized zone 600 meters long, 25 to 70 meters wide with very encouraging silver assay results. A few samples taken from this zone assayed between 50.6 g/t Ag to 2,228.4 g/t Ag (ARIS Report 15312).Figure 1: Silver Lode and Lucky Mike Claims Property Geology MapTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6963/61368_6ea8c3e0143a5b00_003full.jpgArcPacific recognizes the significant high-grade silver potential within the 5 kilometre trend of historic past producing mines and prospects now fully enclosed within the Property area. The Company is currently planning an exploration program to increase its understanding of this significant area. The Silver Lode Claims and Lucky Mike Project area is host to multiple styles of mineralization including silver-lead-zinc veins and replacements, polymetallic quartz veins, skarn type mineralization, and copper porphyry mineralization. Recent efforts have focused on the porphyry potential on the Property which remains open for ad...