EuroPacific Announces Initial Drill Intercepts from First Hole Targeting Shallow High-Grade Copper Deposit at Miguel Vacas

VANCOUVER, BC / ACCESSWIRE / May 8, 2024 / Europacific Metals Inc (TSXV:EUP)(OTCQB:AUCCF) (the "Company" or "EuroPacific") announces the completion of the initial two drill holes of the 2024 exploration drill program at the Miguel Vacas mine area located approximately 180 km east by road from Lisbon and approximately 70 km east from Évora, the Alentejo region capital.

HIGHLIGHTS

Foto: Accesswire

The first hole (EBMV001), collared near the southern limit of the old open pit was completed at a depth of 112.8 meters. The hole intercepted a broad broken mineralized interval with copper secondary minerals associated with a 28 meters wide (ca. 22m thick) polyphase breccia/shear zone from 57 meters, including an expected high-grade zone of ca 2m from ca. 64 meters.

Mineralization consists essentially of Malachite [(CuCo3Cu(OH)], Libethenite (Cu2OHPO4), Crisocola (CuSiO3,2H2O), Atacamite (Cu2OHCl), Covelite (CuS) and Tenorite (CuO). Primary sulphides are virtually absent until a depth of 80 meters.

The second hole (EBMV002), located about 30m from the northern limit of the pit has been completed at a depth of 150.1 meters. This area coincides with the northern limit of the mineralized corridor and the objective was to test a potential expansion of the system in that direction. The hole has intersected an 18 meters wide mineralized zone from 119.25 meters that was not identified by previous drilling. This deeper intercept confirms the presence of a NW-SE fault displacing the mineralized zone to the West and opens new potential for an additional extension of the shear corridor to the North.

Foto: Accesswire

The third hole is now in progress. An initial batch of 60 core samples has already been cut in half and dispatched to the ALS Laboratories for Gold by Fire Assay and multielement ME-MS for 48 elements.

The 2024 drill program encompasses a minimum of 1,500 meters of ore drilling with the objective of further defining initially a shallow open pit resource of oxide Copper mineralization recoverable by hydrometallurgical methods which will be followed by step out drilling on the deeper (> 80m) sulfide ore.

Foto: Accesswire

The Miguel Vacas target is located within a large, 328 square kilometers exploration license, Borba 2, which has a well-documented potential to host precious and base metals mineralization. The mineralized systems are enhanced by the presence of abundant Au and /or Cu mineral occurrences in shear zones hosted in Devonian and Silurian metasediments and in epithermal systems associated with intra-Ordovician volcanics.

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