American Pacific Boosts Copper Resource at Palmer Project
American Pacific Mining Corp. recently released an updated Mineral Resource Estimate for the Palmer Project in Southeast Alaska, showing a sizeable increase in contained copper over the previous estimate from 2019. The new MRE has 4.77 million indicated tonnes at 1.69% copper, 5.17% zinc, 0.14% lead, 28.4 g/t silver, 0.29 g/t gold and 20.6% barite, for 178 million lb. of copper, 543 million lb. of zinc, 14.2 million lb. of lead, 4.4 million oz. of silver, 43,900 oz. of gold and 980,400 tonnes of barite. The contained copper count represents a 16% increase (24 million lb.), owing to a 14% increase in grade. The MRE also has 12 million inferred tonnes at 0.57% copper, 3.92% zinc, 0.47% lead, 66.3 g/t silver, 0.33 g/t gold and 25.5% barite, for 151.5 million lb. of copper, 1.04 billion lb. of zinc, 125.2 million lb. of lead, 25.6 million oz. of silver, 128,100 oz. of gold and 3.05 million tonnes of barite. The contained copper in this category increased by 22% (28 million lb.). American Pacific CEO Warwick Smith said the updated MRE marks a “major project milestone” for the
company now that it has secured 100% ownership of the Palmer project. In late 2024, American Pacific took full control of the project after agreeing to provide Dowa Metals & Mining, its joint venture partner who held a 55% stake, an option to buy half of the future zinc concentrate production from Palmer. The Palmer Volcanic Massive Sulphide-Sulphate (VMS) Project is an advanced stage copper-zinc-gold- silver exploration project in Southeast Alaska with road access and located 37 miles from the sea port at Haines. Recent drilling (2023-24) has highlighted the potential to define extremely rich copper zones and the Palmer Project includes numerous drill-ready, high-grade prospects that define more than 15 kilometres of favorable mineral trends, all hallmarks of a significant massive sulphide system. The Palmer Project is operated by Constantine Mining LLC (Constantine). Constantine is a wholly-owned subsidiary of American Pacific Mining Corp.
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March 2025 I The Alaska Miner I www.alaskaminers.org
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