Arcpacific Resources Expands Lmsl Project Size and Identifies New High-Priority Target
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
NEWS RELEASE
TSX Ventures Exchange Symbol: ACP
Nov 08, 2021
ARCPACIFIC RESOURCES EXPANDS LMSL PROJECT SIZE
AND IDENTIFIES NEW HIGH-PRIORITY TARGET
Vancouver, BC ‐ ArcPacific Resources Corp. (“ACP” or the “Company”) (TSX-V: ACP) is pleased to
announce it has generated a new high- priority copper -gold-molybdenum porphyry target through the
completion of its technical review of the geological and geochemical data compiled on the LSML Project
(the “Property”) and it has acquired through staking, an additional 2,063 hectares, bringing the total project
size to 10,199 hectares or over 100 square kilometres.
The technical review has resulted in the identification of a high-priority porphyry copper-gold-molybdenum
target. The newly identified target area is to the south and west of historical drilling and underground mine
workings which are interpreted to be within a p roximal silicious and skarn dominant environment . The
proximal historical drilling adjacent to the newly identified priority target area confirms the presence of a
mineralized hydrothermal system. This historical drilling is interpreted to be proximal to potential higher
grades of copper within a porphyry core. Previous and historical results from the proximal drilling include
0.16% CuEq over 798 metres in hole LM -2016-01, 0.38% CuEq over 24.5 metres in hole 2016- 05, and
5.4% Cu over 0.25metres in hole RL93-07 (gold was not assayed for). Vectors generated from this historical
drilling show a directional increase in temperature and increasing copper plus molybdenum values towards
the newly identified and untested area suggesting the presence of a potential porphyry center.
Adrian Smith, CEO, comments, “The Company is excited to bring a new perspective to the Property and is
currently targeting a near term drilling campaign to test the newly recognized high-priority targets. Given
the extensive data at the Property and the extensive amount of work we have put into the compilation and
technical review of the data, it is extremely encouraging to see such positive targets emerge from the data
that could represent a significant porphyry discovery in the heart of a well known and prolific mining
camp.”
Additional information from the technical review on the Property can be seen here.
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Figure 1: Planned work covering a new priority target area at the Property. Red circles indicate proposed
drill pad locations, red lines represent planned IP lines, dashed black lines show interpreted fault locations
and white circles with internal black diamonds indicate previous and historic drill pad locations. The pink
outline shows the location of potassic radiometric anomaly from an airborne survey. The background image
is TMI magnetics.
Exploration efforts also continue at the Company’s Rickard Gold Project which covers 5,656 hectares in
the Abitibi Greenstone Belt, Ontario (the “Rickard Project”) and at the Blackdome gold-silver project
which covers 3,479 hectares in the Clinton mining division, British Columbia (the “Blackdome Project”).
Additional ongoing groundwork is being undertaken at the Rickard Project to identify potential new areas
of gold mineralization. Permitting is also underway for the proposed trenching and drilling to expand on
the new discovery of gold- silver mineralization in trenching made at the Company’s Blackdome Project
(see release September 7, 2021).
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Disclaimer
The Qualified Person for the Company has not verified the historic analytical data disclosed within this
release. While the Company has obtained all historic records including analytical data from the ARIS
(Assessment Report Index ing System) from the Government of British Columbia, the Company has not
independently verified the results of the historic sampling.
Prices used to calculate Copper Equivalents (CuEq) are, Cu: 4.20/lb Ag: $24.00/oz, Mo: $20/lb. All
values are reported in USD and do not consider metal recoveries.
Qualified Person
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 ( EGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith
has reviewed and approved the technical information disclosed above.
About ArcPacific Resources Corp.
ArcPacific Resources Corp. (TSX -V: ACP) is a Canadian based exploration company expanding the
exploration initiative at multiple historic past producing gold and silver mines in the Timmins Gold Camp,
Ontario, and in the Nicola Mining Division in Southern British Columbia. The Company is focused on
creating shareholder value through new discoveries and strategic development of its mineral properties.
For further information, please visit http://www.arcpacific.ca. or contact us at: [email protected] or
1.778.331.3816.
ON BEHALF OF THE BOARD OF DIRECTORS
/S “Adrian Smith”
CEO and Director
Certain information in this press release may constitute forward- looking information, including statements
that address future production, reserve potential, exploration and development activities and events or
developments that the Company expects. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from
results suggested in any forward- looking statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those reflected in
the forward looking- statements unless and until required by securities laws applicable to the Company.
There are a number of risk factors that could cause future results to differ materially from those described
herein. Information identifying risks and uncertainties is contained in the Company's filings with the
Canadian securities regulators, which filings are available at www.sedar.com.
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.