Europacific Metals Inc. announced the start of the 2024 exploration drill program at the Miguel Vacas mine area located approximately 180 km east by road from Lisbon and approximately 70 km east from Évora, the Alentejo region capital. The 2024 drill program encompasses a minimum of 1,500 meters of ore drilling with the objective of further defining initially a shallow open pit resource of oxide Copper mineralization which will be followed by step out drilling on the deeper (> 80m) sulphide ore. Crews are onsite, and drilling has begun on April 6, 2024.

The Miguel Vacas target is located within a large, 328 square kilometers exploration license, Borba 2, which has a well-documented potential to host precious and base metals mineralization. The mineralized systems are enhanced by the presence of abundant Au and /or Cu mineral occurrences in shear zones hosted in Devonian and Silurian metasediments and in epithermal systems associated with intra-Ordovician volcanics. The mine is surrounded by extensive marble exploitations that do not interfere with the exploration areas.

On the contrary the presence of these operations is considered to be a positive factor because of the excellent acceptance by the local marble operators of a mining group like EuroPacific and by their logistical support always available both in infrastructures and potentially mining equipment. The actual campaign will be driven based on previous drilling and analysis that showed significant high-grade copper mineralization that has continuity with historical drilling, over wide intervals (up to 6.7 m grading 2.57 % Cu in hole BOMV-4001). The mineralized system extends on at least 2 km along l strike and is open at depth.

The plan includes a total of 11 shallow holes to confirm previous results and detail the morphology of the oxidized blanket in order to outline a resource estimation over an initial segment of approximately 1,200m. A deep undercut hole is also planned to test the deeper sulphide zone for further follow-up.