American Pacific Mining Corp. has announced that one drill rig has remained to test the Christmas/Red Creek (CRC) Target area during demobilisation of the 2023 mountain drilling programme. The CRC Target is one of 12 known VMS showings at the Palmer Project outside the mineral resource envelopes of the Palmer and AG deposits.
Palmer is an advanced-stage, high-grade volcanogenic massive sulphide-sulphate deposit (VMS) located in the Porcupine Mining District of the Haines Borough, Alaska, US. Constantine North Inc., a subsidiary of American Pacific, is the operator of the project and the US$25.5 million 2023 programme has been funded by joint venture partner Dowa Metals & Mining Co., Ltd.“The regional exploration upside and potential for additional discoveries is considered excellent at Palmer, and we are pleased to incorporate this initial ~500 m before the end of this year’s drill campaign,” stated Warwick Smith, CEO of American Pacific Mining. “We are pleased to be drilling new targets during the 2023 programme that are outside of the known mineralised zones. During the season our technical team also completed mapping and sampling of numerous exploration targets, and we look forward to more discovery-focused drilling as we aim to both de-risk and expand mineral resources at Palmer going forward.”The CRC Target area is located approximately 3 km east of the Palmer deposit. Stratigraphy at CRC is interpreted as a folded mafic and felsic volcanic sequence, with textural, geochemical and alteration characteristics that are similar to the felsic volcanics that host the AG deposit. Completing one to two road-accessible drillholes will provide valuable data in this area, which has had limited exploration work previously.American Pacific considers 2023 to be an outstanding year for Palmer. The technical team continuously progressed the project from exploration toward advanced evaluation. The productive 2023 infill and geotechnical drilling at the Palmer deposit resource area has concluded. The company expects to report initial assay results shortly, along with a full summary of the 2023 programme accomplishments.
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