CSE-listed American Pacific Mining has announced a $12.8-million budget for its high-grade volcanogenic massive sulphide-sulphate project, in Alaska.
Constantine North, a subsidiary of American Pacific, is the operator of the project, which is under a joint venture with Dowa Metals and Mining Alaska.
The 2024 programme has been designed to continue expanding the known extent of the high-grade copper mineralisation within South Wall Zones 1 and 2. The 2024 programme will also include a series of step-out drill holes to test the nearby North Wall Target.
The 2023 programme delivered the best four copper intercepts drilled to date at Palmer, highlighting the opportunity to define copper-rich zones within the known mineral resource envelope.
"During the 2023 resource definition programme, our team discovered thick copper mineralisation within the known mineral resource envelope. In 2024, we will look to leverage and build upon last year's high-grade results while aiming at expansion through step-out and extensional drilling along the high-grade trends in addition to discovery-focused drilling at the adjacent North Wall Target.
“The North Wall alteration zone represents an outstanding and untested, near-surface target with very limited historical drilling,” said CEO Warwick Smith.
The mineral resource estimate is set to be updated by year-end.