ArcPacific Expands Blackdome Property Size and Reports Historic Gold Samples
Vancouver, British Columbia--(Newsfile Corp. - July 27, 2020) - ArcPacific Resources Corp. (TSXV: ACP) ("ACP" or the "Company") is pleased to report that it has acquired five additional mineral claims contiguous to the recently-optioned Blackdome property (the “Property”) located in the Clinton Mining Division, approx. 120 kilometres southwest of the City of Williams Lake. This significantly increases the total Property size which now covers 3,479 Hectares.
The Company is also pleased to provide an update in regards to the ongoing data compilation program on the Property. The Property has been explored since 1980’s by individual prospectors and companies such as Inco Exploration, this work has resulted in the discovery of multiple mineralized zones as outlined below in Figure 1, but has never been drilled. The historic exploration on the Property indicates that the gold-silver mineralization is primarily hosted in quartz veins, of unknown width, sub-cropping over an area of approximately 1300 by 700 metres. Quartz veins have typical low sulfidation, banded, vuggy, bladed and chalcedonic epithermal textures and assay up to 54.43 g/t Au and 35 g/t Ag.
Highlights of historical assays from Blackdome (*):
|Sample ID||Sample Year||Company||Sample Type||Width (m)||Gold (g/t)|
|R101||1988||Barrier Reef Resources||Grab||-||4.600|
|R104||1988||Barrier Reef Resources||Grab||-||4.500|
(*) Information is taken from the BC Governments MINFILE database.
The Blackdome property is underlined by Cretaceous Power Creek Volcanics and sediments belonging to Tylor Creek. These two units were intruded by hornblende Feldspar porphyries (HFP). Gold-silver mineralization identified in the Blackdome property appears to be associated with intrusions that possibly served as a "conduit" for the hydrothermal mineralization.
Figure 1. Showing compilation of historic rock samples on the Blackdome Property
To view an enhanced version of Figure 1, please visit:
The next stage of exploration will concentrate on testing the known mineral occurrences through trenching, regional and property scale MT geophysical survey, followed by drilling.
The Qualified Person for the Company has not verified the historic soil and rock analytical data disclosed within this release. While the Company has obtained all historic records including analytical data from the previous owner of the Property, the Company has not independently verified the results of the historic sampling.
Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.
ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based company focused on creating shareholder value through discoveries and strategic development of mineral properties. The Company is now seeking new business opportunities or mineral properties. For further information, please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
The forward-looking statements contained in this press release are made as of the date hereof and ArcPacific Resources Corp. undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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