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ArcPacific provides update on Timmins project

Jul 5, 2021

ArcPacific Resources Corp. is providing an update on its ongoing exploration on its gold, copper and silver projects in Ontario and British Columbia.

Rickard Gold Project

The company has engaged a geophysical contractor to complete a detailed magnetic survey over the newly recognized north-south structures potentially connecting the Rickard Main Zone to the regional scale North Pipestone Fault (a regional splay off the prolific Destor-Porcupine Fault). Of increasing interest is the Ric Zone located to the northeast of the Rickard Main Zone which could be a distal extension of a second order north-south structure off the regional fault, whereas the Rickard Main Zone may represent as high as a 5th order structure. The new magnetic survey will allow detailed imaging of the complex fault and shear zone structures which act as fluid pathways to identify higher order targets within the extensive structural network. This survey will help to refine the target areas along these structures for a planned phase 2 drilling program at the Rickard Gold Project (the "Property").

Phase 1 drilling at the Rickard project confirmed the existence of a significant long lived hydrothermal system associated with the fault and shear zone structures present on the Property. Phase 2 work, beginning with the detailed magnetic survey, will continue to follow the hydrothermal system present to new target areas and utilize the valuable information gained from the phase 1 program. Additional prospective target sites exist across the Property evidenced by the historical work compiled and by the selective samples results shown in the table below. The data has not been independently confirmed by the Company and the exact locations of the historic collars are approximate, more work is needed to identify their exact locations, however they represent the prospective nature of the mineralizing fluids on the Project. 

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