The 2026 programme is advancing on schedule with two diamond drill rigs currently operating. Initial drilling has intersected thick intervals of semi-massive and massive sulphide mineralisation within the South Wall Zone while continuing to refine the company's understanding of the geological and structural controls on mineralisation. Assay results from the initial drill holes are pending.
Highlights
- Five drill holes have been completed, totaling 2242 m of the planned 10000 m fully funded programme.
- Thick semi-massive and massive sulphide mineralisation intersected in both Zone 1 and Zone 2 of the South Wall Zone.
- Zone 1 intersected 49.2 m (estimated true thickness of 39 m) of sulphide mineralisation, including thick copper-rich and zinc-rich massive sulphide intervals.
- One additional drill hole is planned within the South Wall Zone before drilling advances to the HG and Waterfall regional exploration targets.
Craig Parry, Executive Chairman and CEO, commented: "Our 2026 exploration programme has made an excellent start, with drilling progressing safely and on schedule. These early observations provide us with confidence that we are successfully executing our strategy of expanding known mineralisation while testing the significant exploration potential that exists across the broader district.
“Palmer is already recognised as a high-grade critical minerals project with district-scale exploration potential. We are committed to maintaining and enhancing relationships across Southeast Alaska, participating in regional events, investing in community initiatives, and providing regular updates as the programme advances.
“The 2026 programme is designed not only to expand and better define the Palmer Deposit and surrounding prospects, but also to continue advancing the technical, environmental, and engineering knowledge required to support future project evaluations.”