Karim Rayani Appointed Executive Chairman of Europacific, Will Continue as CEO, Wazir Khan Joins the Board, Catalin Kilofliski Resigns
Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) has announced significant management changes and positive drilling results. Karim Rayani has been appointed as Executive Chairman while retaining his role as CEO. Dr. Wazir Khan, a renowned exploration geologist with over 30 years of experience, has joined the board, strengthening the company's technical capabilities. The company has completed 11 holes at the Miguel Vacas copper deposit, totaling 1,410m, with promising results. Significant intercepts include 22.8m grading 2.76% Cu and 9.0m grading 7.49% Cu. The breccia zone has been confirmed over a 1.1km strike length and remains open along strike. A deeper hole was drilled to investigate primary ore at depth, with assays pending for three holes.
Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) ha annunciato importanti cambiamenti nella gestione e risultati positivi dalle perforazioni. Karim Rayani è stato nominato Presidente Esecutivo mantenendo il suo ruolo di CEO. Dr. Wazir Khan, un geologo di esplorazione rinomato con oltre 30 anni di esperienza, è entrato a far parte del consiglio, rafforzando le capacità tecniche dell'azienda. L'azienda ha completato 11 fori presso il deposito di rame Miguel Vacas, per un totale di 1.410 metri, con risultati promettenti. Le intersezioni significative includono 22,8 metri con un grado di 2,76% di Cu e 9,0 metri con un grado di 7,49% di Cu. La zona di breccia è stata confermata su una lunghezza di strike di 1,1 km e rimane aperta lungo il strike. È stato perforato un foro più profondo per indagare il minerale primario in profondità, con risultati analitici in attesa per tre fori.
Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) ha anunciado importantes cambios en la gerencia y resultados positivos de perforación. Karim Rayani ha sido nombrado Presidente Ejecutivo mientras retiene su papel como CEO. Dr. Wazir Khan, un geólogo de exploración de renombre con más de 30 años de experiencia, se ha unido a la junta, fortaleciendo las capacidades técnicas de la empresa. La empresa ha completado 11 perforaciones en el depósito de cobre Miguel Vacas, totalizando 1.410 metros, con resultados prometedores. Las intercepciones significativas incluyen 22.8 metros con un grado de 2.76% de Cu y 9.0 metros con un grado de 7.49% de Cu. Se ha confirmado la zona de brecha en una longitud de strike de 1.1 km y sigue abierta a lo largo del strike. Se perforó un agujero más profundo para investigar el mineral primario a mayor profundidad, con resultados de análisis pendientes para tres agujeros.
유로퍼시픽 메탈스 Inc. (TSXV:EUP)(OTCQB:AUCCF)가 중대한 경영 변화를 발표하고 긍정적인 시추 결과를 보였습니다. 카림 라이야니가 CEO직을 유지하면서 집행 의장으로 임명되었습니다. Wazir Khan 박사는 30년 이상의 경험을 가진 저명한 탐사 지질학자로 이사회에 합류하여 회사의 기술 역량을 강화하였습니다. 회사는 미구엘 바카스 구리 광산에서 총 1,410미터 길이의 11개 구멍을 완료하였으며, 유망한 결과를 얻었습니다. 주요 발견은 22.8미터에서 구리 2.76%와 9.0미터에서 구리 7.49%를 포함하고 있습니다. 브레치아존은 1.1킬로미터 스트라이크 길이로 확인되었으며, 추가적인 탐사가 가능합니다. 심층 조사를 위한 깊은 구멍이 뚫렸으며, 세 개의 구멍에 대한 분석 결과는 아직 대기 중입니다.
Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) a annoncé d'importants changements de direction ainsi que des résultats de forage positifs. Karim Rayani a été nommé président exécutif tout en conservant son rôle de PDG. Dr. Wazir Khan, un géologue d'exploration renommé avec plus de 30 ans d'expérience, a rejoint le conseil d'administration, renforçant ainsi les capacités techniques de l'entreprise. L'entreprise a réalisé 11 forages au niveau du dépôt de cuivre Miguel Vacas, totalisant 1 410 mètres, avec des résultats prometteurs. Les interceptions significatives incluent 22,8 mètres avec une teneur de 2,76 % Cu et 9,0 mètres avec une teneur de 7,49 % Cu. La zone de brèche a été confirmée sur une longueur de 1,1 km et reste ouverte en longueur. Un trou plus profond a été foré pour examiner le minerai primaire en profondeur, avec des analyses en attente pour trois trous.
Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) hat bedeutende Änderungen im Management sowie positive Bohrergebnisse angekündigt. Karim Rayani wurde zum Executive Chairman ernannt und behält gleichzeitig seine Rolle als CEO. Dr. Wazir Khan, ein renommierter Explorationsgeologe mit über 30 Jahren Erfahrung, ist in den Vorstand eingetreten und stärkt somit die technischen Fähigkeiten des Unternehmens. Das Unternehmen hat 11 Löcher im Kupfervorkommen Miguel Vacas mit insgesamt 1.410 m gebohrt und vielversprechende Resultate erzielt. Bedeutende Treffer umfassen 22,8 m mit einem Gehalt von 2,76% Cu und 9,0 m mit 7,49% Cu. Die Brekzie-Zone wurde über einen Strike von 1,1 km bestätigt und bleibt in Strike-Offenheit. Ein tieferes Loch wurde gebohrt, um primäre Erze in der Tiefe zu untersuchen, und die Analysen für drei Löcher stehen noch aus.
- Appointment of Dr. Wazir Khan, a highly experienced exploration geologist, to the board
- Completion of 11 drill holes at Miguel Vacas copper deposit with promising results
- Significant copper intercepts, including 22.8m grading 2.76% Cu and 9.0m grading 7.49% Cu
- Confirmation of breccia zone over 1.1km strike length, open along strike
- None.
VANCOUVER, BC / ACCESSWIRE / August 22, 2024 / Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) (the "Company" or "EuroPacific") is pleased to announce that Mr. Karim Rayani, who has been serving as the Company's Chief Executive Officer, Director since October 17, 2023, has now been appointed as Executive Chairman of the Board effectively immediately. Mr. Rayani will continue to hold the position of Chief Executive Officer alongside of his responsibilities as Executive Chair succeeding Catalin Kilofliski. The board of Directors thanks Catalin for his years of service to the Company, he was instrumental in forming EuroPacific. We wish him well in his future endeavors.
In addition to these management changes, EuroPacfic has appointed Dr. Wazir Khan, a renowned exploration geologist with more than 30 years' experience spanning multiple metallogenic districts including Au-Cu-Mo-Ag porphyries, Abitibi greenstone epithermal Au deposits-Cariboo gold belt. He has expertise in mineral exploration from greenfield and brownfield to feasibility studies in the mining sector. He holds a Ph.D. in economic geology and igneous petrology from University of Iowa, USA, M.Phil. in mineralogy from University of Baluchistan, and M.Sc. in mineralogy/petrology, from University of Peshawar, Pakistan. His career includes work with the Pakistan Atomic Energy Commission, Geological Survey of Pakistan, Iowa Geological Survey, US, Noront Resources, Premier Gold Mines, Red Lake Gold Mines, Barkerville Gold Mines, Rich Copper Exploration and Advanced Gold Exploration. Dr. Khan has been a member of the team involved in early exploration work at Reko Dig Cu-Au porphyry deposit of Barrik Gold in Baluchistan, Pakistan, and early-stage exploration in discovery of Ring of Fire chromite, nickel, platinum, palladium, and zinc deposits in northern Ontario. He has supervised open pit mine operation of Barkerville Gold Mines at Bonanza Ledge mine in BC Cariboo gold belt, Key Lake and Hard Rock drill exploration programs for Goldstone Resources and Premier Gold Mines in Abitibi greenstone Belt, Buck Lake, Dobie Lake, and Melba drilling exploration for Rich Copper, Advanced United and Advanced Gold Exploration in Sault Ste Marie and Timmins areas in northern Ontario. Dr. Khan's teaching includes at University of Iowa as Teaching Assistant and Principal Scientific Officer at COMSATS, Abbottabad Pakistan. Dr. Khan is member of Geological Society of Canada. His geological research, geological mapping, metallogenic modelling, and exploration work has resulted in publications of over a dozen reports, maps and research papers.
"Wazir Khan's addition to our board strengthens our technical capabilities, his extensive experience in finding and developing projects from exploration through development will be of great benefit to EuroPacific," said Karim Rayani, Chairman & Chief Executive Officer of EuroPacific. "He will be a tremendous asset to the Company as we further develop our project portfolio in Portugal along the Iberian Peninsula. I would like to finish by thanking Catalin for his years of service to the Company, under his leadership the Company made great strides, and we wish him well in his future endeavors."
Corporate Update
The Company has completed 11 holes at the Miguel Vacas copper deposit totaling 1,410m. Most of the holes intercepted a wide quartz-breccia zone varying from approximately 5m up to more than 30m thick. An undercut 350m hole was completed in addition to the initial plan. Results have been received for eight of the eleven holes drilled to date. All holes have successfully intersected the breccia zone over a strike length of 1.1km and confirmed it is open along strike both to the north and south.
Significant results include (further details are summarized in the table below):
Hole # 1 - 22.8m grading 2.76 % Cu, from 49.4m with 9.0m grading
7.49% Cu from 57.8mHole # 3 - 12.3m grading
1.55% Cu, from 66.6m.Hole #4 - 10.5m grading 2.56 % Cu, from 62.0m, with 5.0m grading
4.52% Cu, from 62.0mHole #8 - 14.1 m grading
1.06% Cu from 47.0m, with 6.9m grading1.81% Cu, from 52.2m
Based on these good results, a decision was made to drill a deeper hole (Hole #11) to investigate the primary ore at depth and to compare it with shallow intercepts regarding mineralogy, grades and thickness. Assays are pending from 3 holes including the undercut hole #11 which intersected significant sulphide mineralization at depth well below the supergene zone. The Company is still awaiting final assays.
About Europacific Metals Inc.
EuroPacific Metals Inc. is a Canadian public company listed on TSXV and in US on OTCQB. The Company holds brownfield gold, and copper-gold projects located in Portugal. The Company is focused on exploration in highly prospective geological settings in Europe jurisdictions. EuroPacific Metals ("EUP") owns a total of
On behalf of the Board of Directors
Europacific Metals Inc.
Mr. Karim Rayani, Chair, Chief Executive Officer
11th Floor - 1111 Melville Street
Vancouver, BC V6E 3V6
E: k@r7.capital
www.europacificmetals.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
SOURCE: Europacific Metals Inc.
View the original press release on accesswire.com
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