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ArcPacific Resources Cuts New Mineralized Shear-Zone and Veining in Southern Step-Out at Rickard Gold Project
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2021) - ArcPacific Resources Corp. (TSXV: ACP) ("ACP" or the "Company") is pleased to announce it has int
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 2, 2021) - ArcPacific Resources Corp. (TSXV: ACP) (\"ACP\" or the \"Company\") is pleased to announce it has intersected a new mineralized shear structure (the \"Triple X\" structure) and new quartz-carbonate veining in hole 17 (ACP-R-21017) on a 200 metre southern step-out at the Rickard gold project (the \"Property\") near Timmins, Ontario. Hole 16 (ACP-R-21016),the westernmost hole in the Rickard Main Zone also continued to intersect wide zones of alteration and quartz-carbonate veining with visual sulphide mineralization including pyrite, chalcopyrite, black fine-grained sulphides with molybdenite and a possible telluride mineral (see Figure 1). All holes drilled to date in the phase 1 program successfully intersected zones of quartz-carbonate veining related to shear zones and the system remains open in all directions. Highlights: Newly identified, heavily altered and mineralized Triple X shear-zone suggests a long-lived, deeply seated and complex structural history creating ideal environment for gold deposition. New veins identified in the southern step-out (hole 17) show potential for multiple new zones to be discovered indicating that the system remains open in all directions. Detailed modeling of new information is now underway which could lead to additional mineralized zones that have not yet been discovered. Assay results for the first several holes are anticipated to be received and released within the coming weeks. Adrian Smith, CEO of ACP, comments: \"We are pleased to see the continuation of the quartz-carbonate veining with impressive visible sulphide mineralization in hole 16, leaving the Rickard Main Zone open in all directions. We are also excited to discover the first north-south oriented shear structure intersected in hole 17, newly named the Triple X structure. This newly identified structure confirms our suspicions about the Rickard Main Zone veins' extensional nature and highlights the long-lived and multi-phase deformation and hydrothermal activity at the project. The discovery of these north-south oriented structures also further opens the possibilities for multiple north-south shear structures and new extensional mineralized zones to be discovered within the project area.\" Hole 16 was drilled from the westernmost pad in the phase 1 drilling program ...