The Company has received complete assay results for seven (7) of the 23 drill holes completed as part of the 2023 resource definition drilling at the Southwall Zones of the Palmer deposit (see Figure 1).
Highlights:
- CMR23-153 (upper zone 1) intersected 23.4 metres (“m”) of 1.78% copper (“Cu”) and 13.73% zinc (“Zn”) with elevated gold, silver and barite values (see Table 1), including 30.16% Zn over 6.2 m (see Photo 1).
- CMR23-152 (upper zone 1) intersected 14.8 m of 1.26% Cu and 7.68% Zn, including up to 7.48% Cu over 1.1 m.
- Zone 1 infill assay results to-date have exceeded expectations with higher grades and mineralized thickness than currently modeled in the eastern portion of the deposit.
- CMR23-157-01 (lower zone 2-3) intersected 22.9 m of 2.18% Cu, including 4.23% Cu over 5.3 m; demonstrating the potential for significant copper grades and thickness.
- The assay results from these initial infill diamond drill holes are encouraging and support the mineral resource definition in the Southwall.
“The 2023 resource definition and geotechnical drilling programs at our Palmer project have been successfully completed,” stated
2023 Drilling Program
Since drills began turning on
Figure 1: Showing new drill hole traces in blue (assays received) and green (assays pending).
The initial 2023 results build the JV partners’ confidence in the geologic interpretation of the VMS lenses within the
Photo 1: CM23-153 core pictured from part of 1.5 m interval that returned 0.667% Cu and 32.45% Zn
Figure 2: Cross section highlighting notable intercepts in upper
Assay results continue to be received and further updates will be provided as results are vetted and interpreted.
Table 1:
From (m) | To (m) | Interval (m) | Cu % | Zn % | Pb % | Au g/t | Ag g/t | BaSO4 % | |
CMR23-152 | 142.6 | 157.4 | 14.8 | 1.26 | 7.68 | 0.09 | 0.44 | 39.81 | 29.58 |
includes | 143.3 | 144.4 | 1.1 | 7.48 | 2.99 | 0.00 | 0.84 | 81.4 | 7.18 |
includes | 144.4 | 151.5 | 7.1 | 0.72 | 11.86 | 0.15 | 0.46 | 42.18 | 48.48 |
CMR23-153 | 147.9 | 171.3 | 23.4 | 1.78 | 13.73 | 0.04 | 0.25 | 32.40 | 19.95 |
includes | 152.5 | 158.7 | 6.2 | 1.49 | 30.16 | 0.10 | 0.2 | 27.73 | 26.11 |
CMR23-155 | 157.3 | 190.6 | 33.3 | 1.42 | 3.35 | 0.01 | 0.14 | 14.53 | 3.46 |
includes | 167.0 | 182.5 | 15.5 | 2.43 | 4.80 | 0.01 | 0.21 | 24.58 | 4.47 |
CMR23-156 | 144.8 | 181.3 | 36.5 | 0.69 | 2.19 | 0.18 | 0.27 | 26.67 | - |
includes | 145.9 | 148.6 | 2.7 | 3.74 | 1.82 | 0.00 | 0.2 | 31.11 | 1.49 |
Notes: Reported intercepts are down hole core lengths. True thickness is estimated to be approximately 85-90%. BaSO4 calculated by multiplying %BaO by 1.52217.
Table 2:
From (m) | To (m) | Interval (m) | Cu % | Zn % | Pb % | Au g/t | Ag g/t | BaSO4 % | |
CMR23-151 | 423.2 | 435.4 | 12.2 | 0.67 | 0.71 | 0.00 | 0.08 | 10.65 | 1.87 |
includes | 423.3 | 424.7 | 1.5 | 3.91 | 3.06 | 0.00 | 0.42 | 65.88 | - |
CMR23-154 | 363.9 | 373.6 | 9.7 | 0.70 | 0.10 | 0.00 | 0.05 | 11.90 | - |
includes | 371.0 | 373.6 | 2.6 | 1.37 | 0.07 | 0.00 | 0.07 | 17.97 | - |
CMR23-157-01 | 499.3 | 526.5 | 27.2 | 1.87 | 3.48 | 0.02 | 0.36 | 21.87 | 31.28 |
includes | 507.9 | 513.2 | 5.3 | 4.23 | 5.17 | 0.01 | 0.47 | 35.17 | 24.62 |
Notes: Reported intercepts are down hole core lengths (true width not determined). BaSO4 calculated by multiplying %BaO by 1.52217.
Gooseberry Project Update
The Company completed 10 of 29 proposed drill holes this summer to begin testing regional “wildcat” exploration targets in the pursuit of discovering additional veins across the 100%-owned
Quality Assurance (QA) and Quality Control (QC)
The JV implements strict Quality Assurance and Quality Control protocols at Palmer covering the planning and placing of drill holes in the field; drilling and retrieving drill core; drillhole surveying; core transport to the Palmer Camp; core logging, sampling and bagging of core for analysis; transport of core from site to ALS Laboratory in North Vancouver BC for sample preparation and analysis; recording and final statistical vetting of results.
Sampling procedures - The Company's QA/QC drill core sample protocol consists of collection of samples over a minimum 0.3 m interval to a maximum 1.5 m interval (depending on the lithology and style of mineralization) over the mineralized portions of the drill hole. The drill core sample is cut in half with a diamond saw, with half of the core placed in individual sealed polyurethane bags and the remaining half securely retained in the original core box for permanent storage. Drill core samples are shipped by transport truck in sealed woven plastic bags to ALS Geochemistry Analytical Lab facility in
Gold was determined by fire-assay fusion of a 30 g sub-sample with atomic absorption spectroscopy (AAS). Various metals including silver, gold, copper, lead and zinc were analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. The elements copper, lead and zinc are determined by ore grade assay for samples that return values >10,000 ppm by ICP analysis. Silver is determined by ore-grade assay for samples that return >100 ppm by ICP analysis. Barium (BaO) analysis utilized lithium borate fusion into fused discs for XRF analyses, with BaO converted to BaSO4 (barite) using a conversion factor of BaO x 1.52217. Density measurements were determined at the Project site by Constantine personnel on cut core for each assay sample.
The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). In addition, prepared samples, sample replicates, duplicates and internal reference materials are routinely used as part of ALS Geochemistry’s internal quality assurance program.
Qualified Person Statement
The technical information in this news release pertaining to Palmer has been reviewed and approved by
About
On Behalf of the Board of
“Warwick Smith”
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street
Investor Relations Contact:
604.908.1695 / Kristina@americanpacific.ca
Media Relations Contact:
416.489.0092 / media@primorisgroup.com
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
JDS (2022)
Reference: 2022 Amended NI 43-101 Technical Report for the
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/4bf42c78-4e21-4173-808e-8c1cdb503d16
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Figure 1
Showing new drill hole traces in blue (assays received) and green (assays pending).
Photo 1
CM23-153 core pictured from part of 1.5 m interval that returned 0.67% Cu and 32.45 % Zn.
Figure 2
Cross section highlighting notable intercepts in upper Southwall Zone 1 with block model (JDS 2022) showing zinc (left) and copper (right).
2023 GlobeNewswire, Inc., source