The Property is located in the
Following the discovery of Voisey's Bay deposit, enhanced regional prospecting led to the discovery of three pyrrhotite-chalcopyrite-pyrite showings located on the Property, namely, the
Previous drilling did not test the structures to depth, as such the mineralization remains open. The mineralization is contained within troctolitic gabbroic intrusive rocks and consists of pyrrhotite, pentlandite and chalcopyrite, up to 40% sulphide content has been observed locally, and exhibits leopard textures typical of mineralization at the Voisey's Bay orebody.
An Airborne VTEM/MAG survey completed in 2008 outlined numerous EM conductors and coincident Magnetic anomalies giving better definition to current targets and identifying new ones which have not all been tested. It also has shown that the two mineralized trends (see Figure 1 below) can be traced for several km and leaving several high priority targets untested. The Company is in the process of completing a detailed data review and geological modeling program which will aid in planning future work programs on the Property.
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Forward-Looking Information
This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'potential', 'target', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking information in this news release includes statements regarding: mineral resources, the Company's plans with respect to the exploration and development of its properties, the timing of cash payments and share issuances, receipt of TSX- V appproval. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which ACP operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations including; actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
Readers are further advised not to place undue reliance on forward-looking statements.
Neither the
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