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ArcPacific Begins Drilling at Rickard Gold Property

by MikeyMike426
April 6, 2021
in ACP, ACP News
0
ArcPacific Begins Drilling at Rickard Gold Property

Vancouver, British Columbia – April 6, 2021 – ArcPacific Resources Corp. (TSXV: ACP) (“ACP” or the “Company”) is pleased to announce that it has commenced drilling at its Rickard Gold Project (the “Property“) near Timmins, Ontario. The initial drilling program now underway is designed to identify and define mineralization within a series of quartz veins, varying in size from under 1 metre to several metres in width, that are historically reported to contain gold. The initial drilling program will consist of up to 4,000 metres of NQ sized core in 15 drill holes.

The primary target type at the Property is high-grade gold within a well-developed greenstone-hosted quartz-carbonate vein system. The Property sits within the prolific Abitibi Greenstone Belt which hosts several world class gold deposits and boasts some of the deepest mining operations in the world. Geological similarities to other gold deposits within the region further highlight the significant depth potential at the Property, suggesting that it could extend several kilometers in depth.

Adrian Smith, CEO of ACP, comments: “We are incredibly pleased to report the commencement of ACP’s first drillhole of this initial drilling program. ACP benefits from the Property’s close location to key infrastructure which allows for cost-effective drilling and year-round access. We look forward to providing additional updates on our progress at the Property as they become available.”

The Property is located approximately 70 kilometres from the town of Timmins in the Timmins Gold Camp which has produced over 80 million ounces of gold over the last 100 years. The Property sits within 25 to 60 kilometers of six currently producing gold mines and eight previous producers.

The Property consists of 5,656 hectares of mining claims, including three patented parcels which are road accessible, proximal to power and a local work force. Access onto the project area is 20 kilometers from the nearest main highway where well-developed road networks make year-round operations possible. The Property remains open in multiple areas for new discoveries.

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 Professional Geoscientists Ontario (PGO) 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 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.

ON BEHALF OF THE BOARD OF DIRECTORS

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.

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 info@arcpacific.ca or 1-778-331-3816

Tags: ACPArcPacificExplorationGoldInvestingminingRickard Gold ProjectTimminsTSX.V
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MikeyMike426

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I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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Vance White the President & CEO of @NobleMineral and exploration manager Holmstead discuss the exploration strategies for early 2022 and discuss the various acquisitions they made in 2021

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Global #battery and #minerals supply chains need to expand ten-fold to meet projected #criticalminerals needs by 2030 according to a report published by the International Energy Agency.

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