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American Pacific Mining Corp. reports exploration and corporate updates for its mineral project portfolio, including the Madison Copper-Gold Project in Montana and the Ziggurat Gold Project in Nevada. Company news commonly covers drill planning, underground sampling, assay results, geological modeling, field reconnaissance, and surface geochemical work tied to copper and gold targets.
Updates also include operating and financial results, capital-structure matters, and portfolio activity involving mineral assets and equity positions. Madison disclosures focus on copper-gold mineralization, skarn and porphyry target concepts, and underground workings, while Ziggurat updates describe gold exploration in Nevada and prospective Carlin-type mineralization.
American Pacific Mining (USGDF) reports updates on equity holdings in Vizsla Copper and ICG Silver & Gold, which together were valued at about C$19 million based on September 14, 2026 closing prices.
American Pacific holds 13,888,888 Vizsla Copper shares, with a tabled milestone bonus potential of C$15 million tied to the Palmer Copper-Zinc Project, where 2026 drilling returned long intervals of high-grade copper-zinc mineralization and assays remain pending for 15 additional holes. The company also holds 4,000,000 ICG shares and previously distributed 7,500,000 ICG shares to its own shareholders, valued at C$2.625 million, or 6.8% of American Pacific’s market capitalization at that time. ICG is fully funded for a 3,000‑metre Phase 1 RC drill program at the Tuscarora silver‑gold district, with initial assays expected in H2 2026. American Pacific is advancing 15,000 metres of drilling at its Madison Copper‑Gold Project and has settled a legal dispute with NewQuest Capital through issuance of 2,750,000 shares.
American Pacific Mining (USGDF) reported initial 2026 drill results from the 100%-owned Madison Copper-Gold Project in Montana, highlighted by thick, high-grade massive sulfide mineralization in hole M26C-02 that remains open to the southwest.
M26C-02 intersected 30.8 m of massive sulfide averaging 7.4 g/t gold, 9.62 g/t silver and 0.29% copper, including 20.1 m grading 11.15 g/t gold, 14.3 g/t silver and 0.42% copper, and a higher-grade sub-interval of 7.92 m at 25.33 g/t gold, 0.86% copper and 29.6 g/t silver. Geological interpretation indicates mineralization is thickening to the southwest, with no drilling beyond this hole in that direction. A follow-up core hole is being planned to test the zone farther down dip toward the west-southwest as part of a 15,000-metre 2026 RC and diamond drill program. The company also outlined detailed QA/QC procedures and engaged Emerging Markets Consulting for a 90-day, US$200,000 digital investor relations campaign.
American Pacific Mining (OTCQX: USGDF) reported progress on its ongoing 15,000-metre Phase I drill program at the 100%-owned Madison Copper-Gold Project near Silver Star, Montana. A total of 2,048 metres has been completed, including 1,620 metres of core drilling targeting porphyry mineralization and 428 metres of reverse circulation drilling focused on near-surface skarn and high-grade vein zones.
Initial assay results are expected in the coming weeks, after which an additional 5,000 metres of Phase I drilling is planned to be reported. A Phase II program of up to 7,500 metres is anticipated to begin in fall 2026, following evaluation of Phase I results.
American Pacific Mining (OTCQX: USGDF) reported that a second reverse circulation drill rig has arrived and begun drilling near-surface skarn targets at its 100%-owned Madison Copper-Gold Project in Montana. The rig forms part of a fully funded, 15,000-metre 2026 drill program that started in early June and includes both RC and diamond core drilling.
The campaign is designed to test near-surface skarn targets and deeper porphyry-style mineralization. According to the company, near-surface work aims to support a first mineral resource estimate targeted for 2027, while core drilling continues to evaluate deeper system-scale copper-gold potential.
American Pacific Mining (OTCQX:USGDF) began drill testing a newly identified, large-scale magnetotelluric (MT) anomaly at its Madison copper-gold project in Montana. The conductive target measures about 2 km by 600 m, with an 800 m core drill hole underway and a reverse-circulation rig to follow.
The anomaly lies in a previously undrilled area and may reflect structural preparation, alteration, and possible sulfide-bearing mineralization. It is a key focus of the 2026, 15,000-metre Madison exploration program.
American Pacific (OTCQX:USGDF) has started a 15,000-metre drill program at the Madison copper-gold project in Montana, using both RC and diamond drilling.
The work targets 10,000 metres of shallow skarn and 5,000 metres of deeper porphyry mineralization across five priority targets, with initial assays expected this summer.
American Pacific (OTCQX:USGDF) has mobilized the first of two drills for a planned 15,000‑metre program at the Madison copper-gold project in Montana.
The campaign targets 10,000 metres of deeper porphyry and 5,000 metres of near-surface skarn, with drilling to start in days and initial assays expected this summer.
American Pacific Mining (OTCQX: USGDF) began a 2026 field reconnaissance and surface sampling program at its Red Hill Gold Project in Eureka County, Nevada. Crews mapped structures and alteration and collected rock samples, including a barite-rich jasperoid outcrop considered significant for Carlin-style gold exploration vectors.
American Pacific Mining (OTCQX: USGDF) has begun a field reconnaissance and surface sampling program at its Ziggurat Gold Project in Nye County, Nevada. Crews collected 59 rock samples and 20 stream sediment samples to refine priority targets and expand geochemical coverage.
The work targets areas prospective for Carlin-type gold mineralization, supported by prior mapping, strong pathfinder geochemistry, large-scale alteration and untested geophysical targets. Assay results are expected later in Q2, to guide a more focused Phase II program in early Q3 and optimize future drilling plans.
Samples are analyzed by ALS Global Laboratories under ISO/IEC 17025 standards, with chain-of-custody and QA/QC procedures. Technical content was reviewed by Qualified Person Eric Saderholm, P.Geo.
American Pacific Mining (OTCQX: USGDF) reported underground assays from the Madison copper-gold project (May 7, 2026) showing high-grade results up to 25% Cu, 3.19 g/t Au and 27.2 g/t Ag. Sampling covers a breccia pipe and ~150 metres along the decline, supporting a continuous hydrothermal system and a proximal feeder interpretation. Q2 2026 drill testing of a porphyry target is planned.