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ArcPacific Resources Expands LMSL Project Size and Identifies New High-Priority Target
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2021) - ArcPacific Resources Corp....
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"ArcPacific Resources Expands LMSL Project Size and Identifies New High-Priority TargetVancouver, British Columbia--(Newsfile Corp. - November 8, 2021) - ArcPacific Resources Corp. (TSXV: ACP) (\"ACP\" or the \"Company\") is pleased to announce it has generated a new high-priority copper-gold-molybdenum porphyry target through the completion of its technical review of the geological and geochemical data compiled on the LSML Project (the \"Property\") and it has acquired through staking, an additional 2,063 hectares, bringing the total project size to 10,199 hectares or over 100 square kilometres.The technical review has resulted in the identification of a high-priority porphyry copper-gold-molybdenum target. The newly identified target area is to the south and west of historical drilling and underground mine workings which are interpreted to be within a proximal silicious and skarn dominant environment. The proximal historical drilling adjacent to the newly identified priority target area confirms the presence of a mineralized hydrothermal system. This historical drilling is interpreted to be proximal to potential higher grades of copper within a porphyry core. Previous and historical results from the proximal drilling include 0.16% CuEq over 798 metres in hole LM-2016-01, 0.38% CuEq over 24.5 metres in hole 2016-05, and 5.4% Cu over 0.25 metres in hole RL93-07 (gold was not assayed for). Vectors generated from this historical drilling show a directional increase in temperature and increasing copper plus molybdenum values towards the newly identified and untested area suggesting the presence of a potential porphyry center.Adrian Smith, CEO, comments, \"The Company is excited to bring a new perspective to the Property and is currently targeting a near term drilling campaign to test the newly recognized high-priority targets. Given the extensive data at the Property and the extensive amount of work we have put into the compilation and technical review of the data, it is extremely encouraging to see such positive targets emerge from the data that could represent a significant porphyry discovery in the heart of a well known and prolific mining camp.\" Additional information from the technical review on the Property can be seen here. Figure 1: Planned work covering a new priority target area at the Property. Red circles indicate propo...