Drilling Ahead Of Schedule At The Palmer VMS Project

Drilling Ahead Of Schedule At The Palmer VMS Project

VANCOUVER – American Pacific Mining Corp reported on the ongoing activities at its Palmer Project near Haines, Alaska. Palmer is an advanced-stage, high-grade volcanogenic massive sulphide-sulphate deposit (VMS) located in the Porcupine Mining District of the Haines Borough, Alaska. Constantine North Inc , a subsidiary of American Pacific, is the operator for the Project and the  program is funded by joint venture partner Dowa Metals & Mining Co., Ltd (Dowa).

“Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulphide mineralization has been observed over drilled thicknesses of approximately 40 metres within the upper (Zone 1) and lower (Zone 2-3) VMS lenses of the Southwall Zone at the Palmer Deposit,” said Warwick Smith, CEO.

Highlights: 4,178 metres (“m”) of the planned 9,000 m resource definition program has been drilled representing 46% of the planned 2023 program; 1,022 m of the planned 2,550 m geotechnical drill program has been drilled, representing 40% of the planned program. Hydrogeologic testing and monitoring well installations are ongoing to determine the hydrogeological characteristics and rock mechanics of the hanging wall and footwall; and The first 378 samples for assays were recently shipped to the laboratory with results expected during Q3, 2023.

One of the 2023 program goals is to build the foundation of people, infrastructure, and resources needed to operate through the advanced exploration and evaluation stages and complete feasibility-level engineering studies on the Project in the coming years.

“The 2023 field season started with snow clearing along Porcupine Road, providing construction access for a safe and modern 60-person camp, scheduled for occupancy in August. The addition of these facilities is a major milestone and will support an expanded field season, year-round environmental monitoring and maximize productivity going forward,” said Peter Mercer, VP of Advanced Projects.

The 2023 diamond drill program is targeting high-priority areas in two unique mineralized lenses, which make up the Southwall Zone of the Palmer deposit. The knowledge gained from this program will provide insights to support feasibility-level studies of the Palmer deposit and future discovery focused drilling throughout the mineralized district. Two diamond drill rigs dedicated to the infill drill program have collared 14 holes, with good productivity and 46% of the program now complete. The third diamond drill rig, focused on hydro-geotechnical drilling in the immediate deposit area, has collared five holes, to date. The 2023 drilling builds upon the Company’s confidence in the current geologic modeling of the VMS lenses within the Southwall Zone, while gaining valuable geotechnical insight into the surrounding wall rock.