- ArcPacific (ACP) has mobilized a field crew to begin exploration work at its wholly-owned, 120-plus-square-kilometre, LMSL Project in the Quesnel Trough, BC
- The initial work program is to gather new data extending the geological and geochemical sample coverage
- This will aid in the final targeting for the planned upcoming 2022 drilling program and potentially expand the size of the highly anomalous areas
- The company also announced the closure of its warrant exercise incentive program
- ArcPacific Resources Corp. (ACP) is an exploration company which owns 100 interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada
- Arcpacific Resources Corp. was unchanged at $0.045 at 2:07 PM ET
ArcPacific Resources Corp. (ACP) has mobilized a field crew to begin exploration work at its LMSL Project located in British Columbia.
The initial work program, which is currently in progress, is designed to gather new data extending the geological and geochemical sample coverage beyond areas where highly anomalous values of copper, gold and molybdenum remain open ended.
This will aid in the final targeting for the planned upcoming 2022 drilling program and potentially expand the size of the highly anomalous areas.
The program will also put “boots on the ground” as the first step in testing the twenty-four prioritized target areas recently developed by GoldSpot Discoveries Corp. spread across the 120-kilometre project area.
Initial work will follow the recommendation from GoldSpot to field check, sample, and further confirm the targets developed through detailed review of the extensive historical data including the aid of a supervised artificial intelligence program.
“Since we initiated work, we have significantly expanded the project size, recognized at least two main zones with porphyry mineralization, identified over twenty new target areas, and acquired a historic copper estimate on a large target that remains open in all directions,” said Adrian Smith, CEO of ACP.
“Now, we are excited to begin field work with an enhanced understanding of the project, taking full advantage of, and building on the significant amount of previous work completed,” he added.
The company also announced the closure of its warrant exercise incentive program with effect from May 28, 2022.
Under the program, 2,544,667 warrants were exercised at a price of $0.0553, for gross proceeds of $140,720.
ArcPacific Resources Corp. (ACP) is an exploration company which owns 100 interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada.
Arcpacific Resources Corp. was unchanged at $0.045 at 2:07 PM ET.