Palmer Deposit Zone Two & Three Support Presence Of Higher Grade Copper
VANCOUVER - American Pacific Mining Corp reported on results for the remaining nine (9) drill holes of the sixteen (16) hole drill program at its Palmer Copper-Zinc VMS Project in Southeast Alaska. The summer drill program was funded by the joint venture partnership between Dowa Metals & Mining Alaska Ltd. and American Pacific.
The 2024 drilling program was designed to continue testing the extent of the high-grade copper mineralization of the Palmer Deposit South Wall Zone 1 and Zone 2-3 and initial testing of the nearby North Wall Alteration Zone. The assay results provided herein are from South Wall Zone 2-3 and the North Wall Alteration Zone.
Highlights include: 1) CMR24-181: 18.0 m of 1.5% Cu, 5.4% Zn, 0.40 g/t Au and 59.1 g/t Ag (4.4% CuEq), including 6.6 m of 3.6% Cu, 7.7% Zn, 0.56 g/t Au and 65.4 g/t Ag (7.4% CuEq. 2) CMR24-182: 7.2 m of 0.3% Cu, 3.0% Zn, 0.20 g/t Au and 32.7 g/t Ag (1.8% CuEq), including 2.1 m of 2.8% Cu, 13.2% Zn, 0.27 g/t Au and 67.9 g/t Ag (8.8% CuEq). 3) CMR24-186: 4.8 metres of 1.4% Cu, 9.9% Zn, 0.15 g/t Au and 34.9 g/t Ag (5.7% CuEq).
"Following-up on last year's exceptional copper results from Zone 1, this year's infill drilling in Zone 2-3 also supports the presence of a higher-grade copper core within the larger mineralized envelope. We are also seeing higher grade zinc intersections in certain areas than are currently reported in the Mineral Resource Estimate, last updated in 2018," stated CEO, Warwick Smith. "With all assay results now received, the Palmer Team continues its efforts to remodel the known mineralization in line with local geology ahead of updating a full mineral resource estimate and Technical Report for the property."