American Pacific report assay results from Palmer Project Zone 1
Published by Will Owen,
Editor
Global Mining Review,
American Pacific Mining Corp. has reported assay results from the first seven holes of its 16 hole drill programme at its Palmer Copper-Zinc VMS Project in Southeast Alaska.
The 2024 drill programme was part of a planned CAN$17.5 million (US$12.8 million) exploration and development budget funded by a joint venture partnership between Dowa Metals & Mining Alaska Ltd and American Pacific. The initial assay results are from South Wall Zone 1 and RW Zone (two holes) of the Palmer Deposit.
Highlights include:
- CMR24-194: 16.4 m of 0.8% Cu, 8.4% Zn, 0.6% Pb, 0.72 g/t Au, and 77.5 g/t Ag (5.1 CuEq); including 10.4 m of 1.17% Cu, 12.17% Zn, 1.01 g/t Au, and 101.49 g/t Ag (7.3% CuEq).
- CMR24-193: 3.5 m of 0.1% Cu, 1.7% Zn, 0.6% Pb, 0.86 g/t Au, and 92.4 g/t Ag (1.9% CuEq).
- CMR24-192: 2.9 m of 3.5% Cu, 0.68% Zn, 0.3 g/t Ag (3.8% CuEq), and 9.8 m of 0.58% Cu further downhole.
Peter Mercer, VP Advanced Projects for American Pacific, comments:
“This year’s drill programme was successful in following up on last year’s high-grade results, while better defining the known mineralisation on the property, ahead of the updated mineral resource estimate and technical report budgeted to begin this year.
“The Palmer Project is located within a prolific mineral belt in Southeast Alaska. This mineral terrane extends hundreds of kilometres north and south of Palmer, hosting several historic and current mining operations. The Palmer and AG deposits are just two of the mineralised areas defined and drill tested to date, on the property that has district-scale potential.”
The 2024 drill programme included a total of 6035.9 m in 19 drill holes, including three drill holes (125.8 m) that were recollared. The drill programme was designed to continue infill drilling and testing the extents of the high-grade copper-zinc mineralisation of the South Wall Zone 1 and Zone 2 – 3. The programme also included three exploration drill holes for 1033.3 m to test the nearby North Wall Target testing – a potential fault offset extension of the South Wall mineralisation.
Read the article online at: https://www.globalminingreview.com/mining/01112024/american-pacific-report-assay-results-from-palmer-project-zone-1/
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