American Pacific Mining Corp. has provided an update on the ongoing activities at its Palmer Project near Haines, Alaska.
Palmer is an advanced-stage, high-grade volcanogenic massive sulfide-sulfate 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 US$25.5 million 2023 programme is funded by joint venture partner Dowa Metals & Mining Co., Ltd.
Highlights:
- 4178 m of the planned 9000 m resource definition program has been drilled representing 46% of the planned 2023 programme.
- 1022 m of the planned 2550 m geotechnical drill program has been drilled, representing 40% of the planned programme. Hydrogeologic testing and monitoring well installations are ongoing to determine the hydrogeological characteristics and rock mechanics of the hanging wall and footwall.
- The first 378 samples for assays were recently shipped to the laboratory with results expected during 3Q23.
Warwick Smith, CEO of American Pacific, comments:
“Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulfide mineralisation has been observed over drilled thicknesses of approximately 40 m within the upper (Zone 1) and lower (Zone 2 – 3) VMS lenses of the Southwall Zone at the Palmer Deposit.”