ArcPacific Resources Corp. (
ArcPacific Establishes ACP Carbon Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2022) -
ArcPacific Resources
Corp.
(
TSXV: ACP
)
("
ACP
" or the "
Company
") is pleased to announce it has formed a wholly owned
subsidiary, ACP Carbon Corp. to explore business opportunities in the voluntary carbon offset credit
market. Such opportunities exist within the Canadian landscape that are closely related to the natural
resource sector. The Company sees the voluntary carbon offset credit market as a rapidly evolving
space, which may avail opportunities for ACP to form complementary partnerships and develop
business models to take part in the monetization of such credits.
Adrian Smith, CEO of ACP comments, "The Company is excited to explore new opportunities in the
voluntary carbon credit offset market, a new emerging sector that has close ties to the natural resource
industry.
At first glance, the carbon credit system may seem quite complex, but it is now on a path to an
internationally recognized incentive system. Through high quality standards, this system can decrease
overall global greenhouse gas emissions, prevent further climate change and potentially generate
revenue through various forms of carbon credit projects."
Additional Update
The Company continues to advance the LMSL Copper Gold Silver and the Blackdome Gold Silver
Projects in British Columbia, and the Rickard Gold Project in Ontario, Canada. The Company will also
provide additional updates in regard to the detailed technical targeting program being completed by
GoldSpot on the LMSL project. The LMSL project is the most advanced project in the Company's
portfolio and provides near-term exposure to significant upside and discovery potential.
The Company continues to assess new business opportunities in addition to the continued advancement
of its projects. The Company is currently working closely with GoldSpot to unlock economic potential on
the data rich LMSL project through a variety of machine learning applications and will provide more
updates as they become available.
Disclosure
Adrian Smith, P.Geo., is a QP as defined by National Instrument 43-101 for the above-mentioned
project. The QP is a member in good standing of the Engineers and Geoscientists of British Columbia
(EGBC) and is a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved
the technical information disclosed above.
About ArcPacific Resources Corp.
ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based exploration company focused on
copper, gold and silver projects located in British Columbia and Ontario, Canada. The LMSL Project in
the Nicola Mining Division in southern British Columbia is the most advance project in the Company's
portfolio and is considered highly prospective for Copper, Gold and Silver. The Blackdome Project also
located in southern British Columbia is a new gold discovery which was trenched for the first time in
2020. The Company is focused on creating shareholder value through new discoveries and strategic
development of its mineral properties and is actively exploring additional business opportunities. For
further information, please visit
http://www.arcpacific.ca
.
ON BEHALF OF THE BOARD OF DIRECTORS
/S "Adrian Smith"
CEO and Director
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.
There can be no assurance that there will be business opportunities within the voluntary carbon offset
credit market or that the Company will pursue business opportunities within the voluntary carbon offset
credit market that will result in a transaction or other strategic change or outcome. The Company has
not set a timetable for the conclusion of its review, and it does not intend to comment further unless
and until ACP's Board of Directors have approved a specific course of action or the Company has
otherwise determined that further disclosure is appropriate or required by law.
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.
For further information, please contact us at
or 1.778.331.3816.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/113222