Europacific’s CEO Issues Corporate Update Letter To Shareholders - Seite 2

I was newly appointed Chief Executive Officer, director of EuroPacific on October 17, 2023, and since have made several changes to streamline operations optimizing resources and enhancing productivity across all aspects of operations. We prioritize and recognize the importance of sustainable and social initiatives to the well-being of our communities as we develop our asset portfolio.

Looking ahead, our primary objective for the ensuing year is the Immediate planning of advancing the Miguel Vacas Copper prospect. An 11-hole program totaling 1,000-meters is currently being planned to test the surface mineralization along strike, we will be reporting back in the coming weeks on the estimated start date once drill contractors have been confirmed.

A 2-year exploration plan has been approved internally for the advancement of the project where we feel a resource can be developed.

• The area lies approximately 180km east by road from Lisbon and 70km from Évora, the Alentejo region capital. It is close (< 10km) to the small towns of Estremoz, Borba, Vila Viçosa and Alandroal.
• Confirm the high- grade zones from old reports and expand the "mining widths" to a more substantial target size over the main drilled area covering a strike length of 1.1 km of the mineralized shear zone.
• Infill drilling with a 100m X 100m grid to produce an initial reliable mineral resource estimation (Inferred category) of the supergene heap leachable copper blanket (0 - 80m depth).
• Further soil testing and advancement studies, for expansion along less advanced prospects including geochemistry (soils and rocks) along with geophysics (Airborne EM and Ground IP).
• Borba 2 projects, further exploration plans underway with well-documented potential to host precious and base metals mineralization for Copper and Gold.

The Miguel Vacas mine was an open pit copper mine last operated in 1986 by heap leaching methods. Records show that between the 1920's and 1990, 346 068 tonnes of oxide copper mineralization were mined but due to poor recovery only 895 tonnes of copper metal were produced. Copper grades ranged from 0.6 to 0.7% in the early years of the operation but later reached up to 1.4%. This mine was closed in 1986 due to financial trouble after having produced 464,100 t of ore with an average grade of 2.1% Cu. Prior exploration was carried out by Rio Tinto for epithermal gold deposits during the early 1980's. The project changed hands a number of times before we were able to acquire ownership.

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2445,60$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

Vontobel

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer