Continued work including initiation of a phase two drilling program is planned for this summer and will incorporate all information as it is received from the phase one program and will focus on targeting the newly identified north-south structures to identify potential favourable environment for gold deposition.
We are exploring in the right geological environment and the information gained from these initial holes and the observations on the structural relationship from phase one drilling is allowing us to refine our geological model and identify multiple new potential more favourable shear zones on the project.
These elements together with the wide and consistent nature of the veining has confirmed that there is a large hydrothermal system present on the Property, and that the initial drilling is only testing a small part of that system.
Drill hole locations for holes 1 through 17 can be seen on the Company’s website on the Rickard project page.
The Property covers a prospective 5,656 hectares of the Abitibi Greenstone Belt located approximately 70 kilometres from the town of Timmins in the Timmins Gold Camp which has produced over 80 million ounces of gold over the last 100 years.
All NQ split core assays were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Timmins, Ontario.
The Qualified Person for the Company has not verified the historic sample analytical data disclosed within this release.
is a Canadian based exploration company expanding the exploration initiative at multiple historic past producing gold and silver mines in the Timmins Gold Camp, Ontario, and in the Nicola Mining Division in Southern British Columbia.
The forward-looking statements contained in this press release are made as of the date hereof and ArcPacific Resources Corp.