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ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - ArcPacific Resources Corp. ( ...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver ProjectVancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - ArcPacific Resources Corp. (TSXV: ACP) (\"ACP\" or the \"Company\") is pleased to announce that GoldSpot Discoveries Corp. (\"GoldSpot\") has completed its initial targeting program (the \"Program\") and identified twenty-four target areas that show specific indicators to host copper-gold-molybdenum and/or skarn mineralization at the Company's LMSL Copper-Gold-Molybdenum-Silver Project (the \"LMSL Project\"). The Program included a detailed technical study by GoldSpot's team of experienced industry professionals through remodelling geophysical surveys, surficial geochemistry, all previous drilling on site, and utilization of a supervised machine learning program to complete targeting. Each target was validated to ensure it fit within the proposed geological model parameters. The targets were then prioritized, and specific field work recommendations were developed for each target area. GoldSpot also highlighted the open-ended potential at the Lucky Mike area, calling it a \"large hybrid porphyry-skarn system, where skarns and polymetallic showings ring what appears to be an intrusive body with evidence of porphyry copper mineralization\".Adrian Smith, CEO of ACP comments, \"We are extremely pleased with the progress on the LMSL Project over the past several months, we now have two porphyry systems identified at the Rey Lake and Lucky Mike areas which need further drilling. In addition, we now have over twenty target areas to focus on, giving the 120 square kilometre Project potential to host a cluster of deposits. We plan to follow the work recommendations from GoldSpot to better define and evaluate these new targets in the field, as well as advance the known areas of mineralization with planned work programs this field season.\"Highlights:Confirmed copper porphyry occurrences with open-ended upside potential on the LMSL Project. Regionally located along mineralized corridor with ideal geology to host copper deposits.24 areas with multi-factor indicators showing existing or potential to host mineralization.Clear work plan and recommendations laid out for exploring target areas.Large 120 square kilometre project area give LMSL Pro...