Please login or register to join our webinar.

E-mail address:
Password:
Forgot your password?
Log in
REGISTRATION
Home > News > ArcPacific intersects...

ArcPacific intersects multiple zones of quartz veining in first 4 Holes near Timmins

Apr 19, 2021


ArcPacific Resources Corp. has announced that four holes have now been completed at its Rickard Gold Project near Timmins. The holes all intersected multiple (1 to 3 metre) wide multi-staged shear-zone hosted quartz-carbonate veins. The veins are observed to contain locally abundant massive to semi-massive pyrite, blebby chalcopyrite, and unidentified fine-grained smoky sulphide minerals which may be the source of gold historically identified in the area. Strong to pervasive albite-sericite-silica-pyrite alteration forms halos around the main vein sets, see figures 1 and 2 below or on the Company's website under the Rickard Gold Project page.

Highlights:

  • Initial holes cut multiple 1- to 3-metre-wide greenstone hosted quartz-carbonate veins.
  • Locally abundant massive to semi-massive pyrite with chalcopyrite and unidentified fine-grained smoky sulphide minerals (commonly associated with gold).
  • Strongly developed albite-sericite-silica-pyrite alteration halos surrounding main vein sets. 
  • Breccia zones and abundant quartz veinlets spatially associated with larger veining. 
  • Multi-staged complex shear-zone and related veining present at the Property are typical features in greenstone gold deposits.

Adrian Smith, CEO of ACP comments: "We are happily surprised to see such large vein sets that appear to be part of a robust long-lived deep-seeded shear zone acting as a conduit for mineralized fluids. This system has all the right ingredients and is hosted within one of the most prospective and productive geological greenstone belts in Canada. 

We are just beginning to understand the important structures present and their control on gold emplacement, lessons that we will be able to apply to phase 2 drilling and to the many additional target areas spread across the Property. With the impressive vertical extents of other greenstone hosted gold deposits in the region, this could truly be a case where we are just seeing the tip of the iceberg." 

 



Tags: Northern Ontario / Exploration / Gold / All Articles