EuroPacific Metals Announces Promising Drill Results at Portuguese Copper Project
TL;DR
EuroPacific Metals CEO announced high-grade copper results at Miguel Vacas project, giving the company a competitive edge in the market.
The drilling efforts targeted a high-grade zone below a previously drilled section, confirming the mineralized system extending at least 2 kilometers along strike.
The project's potential to become one of the richest copper ventures on the peninsula will contribute to the local economy and create job opportunities.
The Miguel Vacas project, located in Portugal, shows promising results with a mineralized system extending at least 2 kilometers along strike.
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EuroPacific Metals has announced encouraging drilling results from its Miguel Vacas project in Portugal. According to CEO Karim Rayani, the latest drilling efforts have targeted a high-grade zone below a previously drilled section. A 350-metre hole intersected a mineralized section of 10.5 meters grading 2.56% copper (Cu), including 5.9 meters grading 4.52% Cu.
This high-grade zone is situated approximately 80 meters to the NNE of the initial hole, which had uncovered 22.8 meters grading 2.76% Cu, with 9.0 meters grading 7.49% Cu. The Miguel Vacas mine area, located about 180 kilometers east by road from Lisbon and 70 kilometers east of Évora, the capital of the Alentejo region, shows a mineralized system extending at least 2 kilometers along strike and remains open at depth.
The mineralization at Miguel Vacas is hosted in a polymict breccia with a quartz-carbonate matrix and includes quartz, grey shales, and graphitic phyllite clasts, striking NNE-SSW. The project is advancing with additional holes targeting both northern and southern areas to confirm the oxidative blanket and facilitate a resource calculation. Rayani emphasized the potential of the project, noting it as one of the richest copper ventures on the Iberian Peninsula.
Further drilling is expected to provide additional data to refine the resource estimates, highlighting the importance of this development for both EuroPacific Metals and the regional mining industry. The findings could potentially elevate the project's status and attract further investment, impacting the economic landscape of the area.
Curated from News Direct
