Europacific Metals Inc. announced the planning of a 1,000-meter drilling program at its advanced Miguel Vacas Copper project. It lies approximately 180km east by road from Lisbon and approximately 70km east from Evora, the Alentejo region capital. It is close (< 10km) to the small towns of Estremoz, Borba, Vila Vicosa and Alandroal.

All relevant authorizations from the public authorities are currently being acquired. Borba 2 projects have a well-documented potential to host precious and base metals mineralization often 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. Eleven holes are now being planned to confirm the extensions and quality of the oxidized blanket amenable for an open pit heap leaching operation.

The immediate goal is to come to market with an initial resource estimation - which if confirmed may enable a successful operation in the short term while the sulfide parts of the system are assessed by deeper drilling at a later stage. Records show that between the 1920's and 1990, 346,068 tonnes of oxide copper mineralization were reportedly mined but due to poor recovery only 895 tonnes of copper metal were produced. Copper grades ranged from 0.6 to 0.7% in the early years of the operation but later reached up to 1.4%.

The immediate objective is to drill test the overall potential of the vein system so a minimum economic resource can be outlined which could be put into production quickly in a small/medium size operation. Historical near surface drilling (60 to 71.63m) intercepted 1.79% Cu over 10.54m including 2.29% Cu over 7.30m. An in-house resource estimation based on 20 historical holes carried out by Rio Narceia came up with a total of 1.2Mt @ 1.23% Cu for the supergene blanket and 4.4Mt @ 1.24% Cu for the sulphide ore, respectively from 0 to 80m and >80m to 250m over a drilled strike length of approximately 1.1km.

The mineralized system extends on at least 2km along strike and is open at depth. [ (CuCo3Cu(OH), Libethenite (Cu2OHPO4), Crisocola (CuSiO3,2H2O), Atacamite (Cu2OHCl) and Covelite (CuS). Below this zone is the primary sulphide ore consisting of Chalcopyrite and Pyrite essentially.

Miguel Vacas Mine-3D view of the mineralization based on assays availablefor 20 out of 30 holes drilled in the mine area (5,797m total)Miguel Vacas mine: Geology and hole location: Highlights of the mineralized intercepts are depicted in the table below: Section across Miguel Vacas open pit and undercut hole BOMV14001 (Colt Resources) During the next two seasons, EuroPacific Metals plans to conduct a robust exploration project on the concession. This will include geological mapping and rock-soil sampling, as well as IP and/or EM over selected areas. Miguel Vacas will be a primary target and a plan has been made to start a drill program involving 1,000m of drilling.

The current drilling program will be focused on the investigation of the copper corridor envisages an initial, "surgical" drilling program with the following objectives: confirmation drilling (2-3 holes) of high-grade zones from old reports and expand the "mining widths" to a more substantial target size of the main drilled area covering a strike length of 1.1km of the mineralized shear zone; infill drilling with a 100 X 100m grid to produce an initial reliable mineral resource estimation (Inferred category) of the supergene heap leachable copper blanket (0 - 80m depth) over the same mineralized length. This campaign will enable a more ambitious drilling program to enable a more ambitious drilling program.