EuroPacific Metals (TSX-V:EUP) announced that it has drilled down to 350 meters targeting a high-grade copper zone at the Miguel Vacas project in southern Portugal.
The company said the drill hole is targeting the high-grade zone below its fourth drill hole, the results of which are pending, and approximately 80 meters to the north of where its first hole intersected 22.8 meters grading 2.76% copper, including 9 meters grading 7.49% copper.
It has completed 10 drill holes totalling 1,060 meters at Miguel Vacas with the aim of further defining a shallow open pit resource of oxide copper mineralization recoverable by hydrometallic methods.
Most holes intercepted a wide quartz-breccia zone varying from approximately 5 meters up to more than 25 meters thick, so a decision was made to drill a deeper hole to investigate the primary ore at depth and to compare it with shallow intercepts regarding mineralogy, grades and thickness.
EuroPacific CEO Karim Rayani expressed excitement about the progress made to date at the project.
“Most of the holes drilled have confirmed the continuity of the deposit which is open in all directions,” Rayani said.
“We are looking forward to receiving the assays pending - confirming the first good impressions from core observations and at the same time gather information from the depth extensions of the mineralized system with the undercut hole targeting 350 meters."
The company highlighted that while it is awaiting assay results from ALS Laboratories, visual observation of the core confirmed the presence of the mineralized breccia in all holes drilled which shows good indications for further follow-up drilling.