American Pacific starts drilling at Palmer project
US-focused exploration and development company American Pacific Mining has initiated a diamond drill programme at the high-grade Palmer copper/zinc VMS project in Alaska, with joint venture (JV) partner Dowa Metals and Mining Alaska.
“We are excited to begin this year’s drill program at Palmer,” commented CEO Warwick Smith.
“In a world that is recognizing the importance of critical metals, the impact and value that a polymetallic project with demonstrated high-grade copper, like Palmer, could have, should not be understated. With drilling now under way on two of our key projects, we look forward to providing regular drill results in the coming weeks and months.”
The highest-grade copper intersections ever drilled in Palmer’s history — including 43.8 m of 6.54% copper and 23.9 m of 9.03% copper — were reported during the 2023 exploration programme. The 2024 drill plan will follow up on the structural trends interpreted to be associated with these significant results, while also testing the deposit extensions to expand the known mineralized envelope.
“The 2023 exploration programme was an operational success with the high-grade copper and zinc results exceeding our expectations,” commented senior VP for advanced projects Peter Mercer.
“I am incredibly proud of the technical team’s efforts over the past year and have full confidence in their capabilities to continue advancing Palmer through 2024 and beyond. In addition to the diamond drill programme, our team will follow up on the numerous regional prospects to further demonstrate the exploration upside and district potential of the Palmer project.”
American Pacific, along with its JV partner at Palmer, Dowa, plans to spend C$17.5-million on exploration and development work, including a 5 100-m drill programme in 2024.
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