new positionbought in at .145 they have 11 holes to report..my gut tells me there HUGE
Arcpacific drills massive sulphides at Rickard project
2021-05-11 08:21 ET - News Release
Mr. Adrian Smith reports
ARCPACIFIC CUTS MASSIVE SULPHIDE MINERALIZATION WITHIN QUARTZ CARB VEIN IN HOLE 12 AT RICKARD GOLD PROJECT
ArcPacific Resources Corp.'s continuing drilling program at the Rickard gold project near Timmins, Ont., continues to intersect multiple zones of quartz-carbonate veining occurring over (up to) a 90-metre-wide section in hole 11 (ACP-R-21-011). The company has identified additional sulphide minerals, including molybdenite occurring in stylolitic bands with graphite and possible tellurides locally associated with smoky to dark quartz similar to one mineralization style seen at the Macassa mine approximately 70 kilometres to the south. Additionally, hole 12 (ACP-R-2012) cut a section of massive sulphides individually up to 0.45 metre wide within a wider quartz-carbonate vein and bordered by zones of intense albite-sericite-silica alteration.
Highlights
All drill holes cut a wide interval (up to 90 metres overall in hole 11) containing zones of quartz-carbonate veining with strong albite-sericite-silica alteration halos.
Stylolite bands containing molybdenum with possible graphite and local tellurides, present in variable amounts and related to smoky quartz and locally chalcopyrite.
Mineral assemblages observed in veining at the Rickard appears similar to the gold-bearing assemblage at the Macassa mine, operated by Kirkland Lake Gold approximately 70 kilometres to the south.
Phase one drilling is currently under way is planned to complete 15 or more drill holes.
Adrian Smith, chief executive officer of Arcpacific, comments: "Drilling continues to demonstrate the robust nature of the mineralizing system present on the property, exemplified by strong alteration halos surrounding veins which have now shown to contain significant amounts of massive and semi-massive to disseminated sulphide and other more discrete minerals. As we continue to unveil drill core, we continue to learn more about the unique structural setting at the property. This project presents an excellent opportunity in a prolific world-renowned gold belt, within an area that has been significantly underexplored."
Twelve holes have now been completed at the property. Holes 9 through 12 (ACP-R-21009 to ACP-R-21012) have continued to cut wide intervals of veining in every drill hole with variable amounts of sulphide and other minerals concentrated within strong alteration halos and quartz-carbonate veins. Drill holes 9, 10 and 11 were drilled in a vertical fan pattern from the same pad at variable dips of 60 degrees, 75 degrees and 85 degrees, respectively. Drill hole 12 was collared from the farthest east pad to date, which is a 27-metre step-out from the aforementioned pad and drilled at a 45-degree dip.
Phase one drilling is focusing on the Rickard main zone, which is proximal to a historic underground gold mine. The continuing drilling program continues to successfully show continuity of strong albite-sericite-silica-pyrite alteration around quartz-carbonate veining laterally and vertically stepping away from the historic underground workings. The program was designed to identify mineralization within the veins and determine any secondary control on the distribution of the mineralization within the veins themselves. Initial visual indications suggest there is a spatial variation of mineralization, possibly representing a chimney structure or multiple shoot-type features.
Initial results are anticipated to be released as they become available within the coming month and will enable the company to plan for a potential ramped-up phase two program. Results from the phase one program will be incorporated into the company's newly developed 3-D project model.
Arcpacific completes eight holes at Rickard to date
2021-04-28 10:29 ET - News Release
Mr. Adrian Smith reports
ARCPACIFIC COMPLETES FIRST EIGHT HOLES AND CONTINUES TO INTERSECT WIDE ZONES OF ALTERATION AND VEINING