GoldSpot Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

Vancouver-based ArcPacific Resources Corp. announced that GoldSpot Discoveries has completed its initial locational program and identified 24 target areas that show evidence of copper-gold-molybdenum-silver mineralization at the Company's LMSL Copper-Gold-Molybdenum-Silver Project (LMSL Project) where specific indicators of copper-gold-molybdenum and/or silica mineralization are present.

The program includes detailed technical studies conducted by GoldSpot's experienced team of industry experts to accomplish targeting by reshaping geophysical surveys, surface geochemistry, all prior drilling in the field, and using supervised machine learning programs.

GoldSpot also highlighted the open potential of the Lucky Mike area, describing it as a "large hybrid porphyry-skarn system in which the silica and polymetallic ores show what appears to be an intrusive body with evidence of porphyry copper mineralization".

Adrian Smith, CEO of ACP, commented: "We are very pleased with the progress of the LMSL project over the last few months and we have now identified two porphyry systems in the Rey Lake and Lucky Mike areas that require further drilling. In addition, we now have over 20 target areas to focus on, making this 120 square kilometer project potentially a cluster of deposits. We plan to follow GoldSpot's work recommendations to better define and evaluate these new targets in the field and advance the known mineralized areas in our work program this season."

GoldSpot prioritized its goals based on a matrix probability approach and recommended specific work programs for each goal. The company is now reviewing these recommendations and plans to conduct fieldwork in the coming weeks.

The review identified the main regional structures connecting the LMSL project to the adjacent Highland Valley copper deposit (owned by Teck Resources Limited) and highlighted the geological similarities between the LMSL project and Iron Mask Area Porphyry deposits (owned by New Gold Inc.). The Lucky Mike area highlighted in the model shows a clear pattern of skarn mineralization ringing around a modeled intrusion at depth with associated potassic alteration.

ArcPacific Resources Corp. is a Canadian-based exploration company. ArcPacific owns a 100% interest in the LMSL Copper-Gold-Molybdenum-Silver Project in British Columbia, Canada, located in the prolific Quesnel formation, which is world-renowned for its copper and gold endowments.

The Company also has other highly prospective exploration projects in Canada, including the Blackdome Gold Project, where the Company discovered continuous gold mineralization during the first-ever trenching of the project. The Company is focused on creating value for shareholders through new discoveries and strategic development of its properties and is exploring additional commercial opportunities.

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