ArcPacific Resources (TSXV:ACP) is an exploration play with 100 per cent ownership of the LMSL Copper Gold and Silver Project in British Columbia, Canada.
The project operates in the prolific Quesnel Terrane which is world renowned for its copper and gold endowment. Already well financed for field work this season, the company is raising capital for drilling.
The company’s Chief Executive Officer, Adrian Smith, sat down with Brieanna McCutcheon from The Market Herald to discuss the company’s LMSL flagship project. It covers the historic district of lead zinc silver with multiple potential porphyry centers, with one already encountered. He also spoke on the company’s positive copper outlook; given the vast supply crunch businesses currently face, this opportunity has outsized future demand.
However, ArcPacific is challenged by proper target assessment. The team has 24 new targets to evaluate from Goldspot Discoveries. This yields a great opportunity, as B.C.’s copper gold market is highly valued and represents potential approximately $500m buyout of LMSL multiple porphyry system. The project is near New Gold’s New Afton mine, and adjacent to Teck Resource’s Highland Valley Project. All of these companies need additional sources of material to supplement existing operations meaning LMSL is buyout candidate upon discovery with proven economics.