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American Pacific Commences Drill Program at the Madison Copper-Gold Project in Montana

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American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has initiated a 3,000-metre drill program at its 100%-owned Madison Copper-Gold Project in Montana. The program targets five priority areas, focusing on porphyry concepts and skarn extensions near known mineralization.

The drilling includes the Broadway mine area, which historically produced 144,000 ounces of gold from surface oxide mineralization between 1880-1950. The campaign will test previously unexplored sulfide mineralization and regional shallow discovery targets. Key aspects include leveraging the Silverstar Fault Complex and Induced Polarization surveys to guide targeting.

The program includes four drill holes targeting two porphyry targets: one beneath the historical Madison Mine and another regional target to the southwest. The project focuses on testing the contact zone between Madison limestone and quartz monzonite intrusive, which has shown high-grade copper-gold values in surface sampling.

American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) ha avviato un programma di perforazioni di 3.000 metri presso il suo progetto Madison Copper-Gold, di proprietà al 100%, situato in Montana. Il programma si concentra su cinque aree prioritarie, focalizzandosi su concetti di porfido ed estensioni di skarn vicino a mineralizzazioni conosciute.

Le perforazioni includono l’area della miniera Broadway, che storicamente ha prodotto 144.000 once d’oro da mineralizzazioni ossidate superficiali tra il 1880 e il 1950. La campagna mira a testare mineralizzazioni solfuree mai esplorate prima e obiettivi di scoperta regionale a bassa profondità. Aspetti chiave sono l’utilizzo del Silverstar Fault Complex e delle indagini di polarizzazione indotta per orientare i bersagli.

Il programma prevede quattro fori di perforazione che mirano a due obiettivi porfirici: uno sotto la storica miniera Madison e un altro obiettivo regionale a sud-ovest. Il progetto si concentra sulla verifica della zona di contatto tra il calcare Madison e l’intrusione di monzonite quarzosa, che ha mostrato valori elevati di rame e oro nei campionamenti superficiali.

American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) ha iniciado un programa de perforación de 3.000 metros en su proyecto Madison Copper-Gold, de propiedad total, ubicado en Montana. El programa se enfoca en cinco áreas prioritarias, centradas en conceptos de pórfido y extensiones de skarn cerca de mineralizaciones conocidas.

La perforación incluye el área de la mina Broadway, que históricamente produjo 144.000 onzas de oro a partir de mineralización oxidada superficial entre 1880 y 1950. La campaña probará mineralizaciones de sulfuros no exploradas previamente y objetivos regionales de descubrimiento poco profundos. Aspectos clave incluyen aprovechar el Silverstar Fault Complex y encuestas de polarización inducida para guiar la orientación.

El programa incluye cuatro perforaciones que apuntan a dos objetivos de pórfido: uno debajo de la histórica mina Madison y otro objetivo regional al suroeste. El proyecto se centra en probar la zona de contacto entre la piedra caliza Madison y la intrusión de monzonita cuarzosa, que ha mostrado valores altos de cobre y oro en muestreos superficiales.

American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF)는 몬태나에 위치한 100% 소유의 Madison Copper-Gold 프로젝트에서 3,000미터 시추 프로그램을 시작했습니다. 이 프로그램은 다섯 개의 우선 지역을 대상으로 하며, 알려진 광상 인근의 포피리 개념과 스카른 확장에 중점을 둡니다.

시추는 1880년부터 1950년까지 표면 산화 광상에서 144,000 온스의 금을 생산한 역사적인 브로드웨이 광산 지역을 포함합니다. 이번 캠페인은 이전에 탐사되지 않은 황화광 광상과 지역의 얕은 발견 목표를 시험할 예정입니다. 주요 내용으로는 Silverstar Fault Complex와 유도 분극 조사 활용을 통한 목표 설정이 있습니다.

프로그램에는 역사적인 Madison 광산 아래와 남서쪽의 또 다른 지역 목표를 겨냥한 두 개의 포피리 목표를 대상으로 하는 네 개의 시추공이 포함됩니다. 이 프로젝트는 표면 샘플링에서 고품위 구리-금 값을 보인 Madison 석회암과 석영 몬조나이트 관입암의 접촉대를 시험하는 데 중점을 둡니다.

American Pacific Mining Corp (CSE : USGD) (OTCQX : USGDF) a lancé un programme de forage de 3 000 mètres sur son projet Madison Copper-Gold, détenu à 100 %, situé dans le Montana. Le programme cible cinq zones prioritaires, en se concentrant sur des concepts de porphyre et des extensions de skarn à proximité de minéralisations connues.

Le forage inclut la zone de la mine Broadway, qui a historiquement produit 144 000 onces d’or à partir de minéralisations oxydées en surface entre 1880 et 1950. La campagne testera des minéralisations sulfureuses jusqu’alors inexplorées et des cibles régionales de découverte peu profondes. Les aspects clés comprennent l’utilisation du Silverstar Fault Complex et des levés de polarisation induite pour orienter les cibles.

Le programme comprend quatre trous de forage visant deux cibles porphyriques : une sous la mine historique de Madison et une autre cible régionale au sud-ouest. Le projet se concentre sur le test de la zone de contact entre le calcaire Madison et l’intrusion de monzonite quartzifère, qui a montré des valeurs élevées en cuivre et or lors d’échantillonnages en surface.

American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) hat ein 3.000 Meter langes Bohrprogramm auf seinem zu 100 % im Besitz befindlichen Madison Copper-Gold-Projekt in Montana gestartet. Das Programm konzentriert sich auf fünf prioritäre Bereiche und legt den Fokus auf Porphyr-Konzepte und Skarn-Erweiterungen in der Nähe bekannter Mineralisierungen.

Die Bohrungen umfassen das Gebiet der Broadway-Mine, die historisch zwischen 1880 und 1950 144.000 Unzen Gold aus oberflächennahen Oxidmineralisierungen förderte. Die Kampagne wird zuvor unerforschte Sulfidmineralisierungen und regionale flache Entdeckungsziele testen. Wichtige Aspekte sind die Nutzung des Silverstar Fault Complex und Induzierter Polarisation zur Zielausrichtung.

Das Programm umfasst vier Bohrlöcher, die auf zwei Porphyr-Ziele abzielen: eines unterhalb der historischen Madison-Mine und ein weiteres regionales Ziel im Südwesten. Das Projekt konzentriert sich darauf, die Kontaktzone zwischen Madison-Kalkstein und Quarzmonzonit-Intrusion zu testen, die bei Oberflächenproben hohe Kupfer-Gold-Gehalte gezeigt hat.

Positive
  • Initiation of new 3,000-metre drill program targeting high-impact areas
  • 100% ownership of the Madison Copper-Gold Project
  • Historical production of 144,000 oz gold demonstrates proven mineralization
  • Multiple untested targets including porphyry potential and sulfide mineralization
Negative
  • No drilling activity in the area since 1950s
  • Historical mining to surface oxide mineralization only
  • Deep drilling required to test porphyry targets increases exploration costs

Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) ("American Pacific" or the "Company") is pleased to announce that drilling has commenced at its 100%-owned Madison Copper-Gold Project ("Madison" or the "Project") located in Silver Star, Montana. This marks the start of the Company's 3,000-metre drill program following the receipt of updated permit approval earlier this year.

The drill program is designed to test five priority target areas identified through extensive data integration and analysis. These targets include porphyry concepts and multiple skarn extensions both laterally and down plunge of known mineralization. The program will also focus on near-mine extension drilling at the Broadway mine area, where historic production totalled 144,000 ounces of gold from surface oxide mineralization, between 1880-1950.1 (see Image 1 and Figure 1). No drilling has been done in the area since mining operations concluded and sulfide mineralization, which was not considered economic during the historical mining period, has never been tested. The planned drilling also includes select regional shallow discovery targets. Collectively, the 2025 drilling is taking aim at high impact targets that have the potential to deliver significant value by demonstrating the scale of the system well beyond the areas historically mined.

Exploration Highlights:

  • The drill campaign will leverage insights gained from the Silverstar Fault Complex, a key structural feature identified as a critical control on mineralization.
  • Induced Polarization (IP) surveys2&3 have revealed compelling geophysical anomalies along the fault complex, guiding the targeting of skarn, porphyry, and orogenic mineralization in previously undrilled areas.
  • Porphyry Potential: Drilling to date at Madison has primarily targeted high-grade copper-gold skarn mineralization within the upper 300 metres from surface. Limited drilling has penetrated deeper levels, leaving the porphyry potential largely untested. The Company has four drill holes planned to test two compelling porphyry targets: (1) a down-plunge target directly beneath the historical Madison Mine, where increasing mineralization and modeling suggest proximity to a source; and (2) a regional target to the southwest where coincident IP chargeability, zones of magnetic highs and lows, and potassium radiometric highs, collectively support the potential of a mineralized source. These deeper holes represent a significant upside opportunity to vector into a causative intrusive source.

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Image 1: First hole, APMMAD25-01, with the historical Broadway Mill in the background.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10322/249304_ce2a40f3d45b1a29_001full.jpg

Eric Saderholm, P.Geo., Managing Director of Exploration and Qualified Person for the Project, commented: "This drill program represents a comprehensive analysis of years of meticulous exploration and preparation. With these well-defined targets, we believe this campaign will provide meaningful insights into Madison's potential as a district-scale copper-gold system."

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Figure 1: First drill holes underway testing historic Broadway Mine area.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10322/249304_ce2a40f3d45b1a29_002full.jpg

The red outline within Figure 1 highlights the projection of the favourable contact zone between the Madison limestone and the quartz monzonite intrusive, which has returned high-grade copper-gold values in surface sampling. This critical contact is interpreted to be a contributing control on mineralization and remains largely untested along strike and at depth. While the figure projects historic Broadway mine workings, the drill holes shown are southern step-outs located up to 50 metres south of known workings. The Company interprets that historical mining may have ceased upon encountering sulfide mineralization at depth or due to a lack of processing technology at the time, which presents a compelling opportunity to test below and along unmined extensions of this contact zone.

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Figure 2. Permitted holes for 2025 drilling at Madison Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10322/249304_ce2a40f3d45b1a29_003full.jpg

Madison Project Sampling and Analysis Quality Assurance and Quality Control Statement

American Pacific is committed to maintaining high standards of accuracy and reliability in sampling and analysis procedures. The following Quality Assurance and Quality Control (QAQC) measures are employed in the sampling and analysis processes.

Analytical Methods for the project include:

Paragon Labs

  • 50AR-MS: Multi-element analysis (50 elements) using Aqua Regia digestion with ICP-MS for trace elements.

  • AuAg-GR30: Gold and silver analysis via 30g fire assay with gravimetric finish for high-precision results.

  • Au-FA30: Gold determination using fire assay with Aqua Regia digestion and spectroscopy for detailed concentration measurement.

  • OLAR-ASS: Over-limit Aqua Regia digestion ensures accurate results for high-concentration samples.

About the Madison Copper-Gold Project

The Madison Project was host to small-scale production that concluded in 2012, with 2.7 million pounds of copper produced at grades ranging from 20-35% copper. Subsequent drilling at Madison in 2017 included 30.18 metres of 24.50 g/t gold and 0.39% copper and 10.97 metres of 41.65 g/t gold and 0.38% copper (UG17-05 and UG17-06, respectively). Full disclosure can be found in the Company's NI 43-101 Technical Report for the Madison Project (americanpacificmining.com)

Qualified Person Statement

Technical aspects of this press release have been reviewed and approved by the designated Qualified Person under National Instrument 43-101, Eric Saderholm, P.Geo., Managing Director of Exploration for the Company.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company has two flagship assets: 100%-owned Palmer Project, a Volcanic Massive Sulphide-Sulphate (VMS) project in Alaska, and the 100%-owned Madison Project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for 'Deal of the Year' at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific's asset portfolio are three high-grade, precious metals projects located in key mining districts of Nevada, USA: the Ziggurat Gold project, the Gooseberry Silver-Gold project; and the Tuscarora Gold-Silver project. The Company's mission is to grow by the drill bit and by acquisition.

References:

1. Mulholland, P. S., & Middleton, R. S. (2019). NI 43-101 Technical Report for the Madison Project, Madison County, Montana, USA (Effective date: March 4, 2019). Broadway Gold Mining Ltd.

2. Analysis of a Deep Induced Polarization (IP) Survey for Broadway Gold Mining, Madison Project, Montana USA; Robert S. Middelton P.Eng

3. Madison Gold - Copper Project near Whitehall, Montana Induced Polarization/Resistivity Results, July 18, 2008; Gradient Geophysics, Inc.

On behalf of the American Pacific Mining Corp Board of Directors:

Warwick Smith, CEO & Director
Corporate Office: Suite 910 - 510 Burrard Street
Vancouver, BC, V6C 3A8 Canada

Investor relations contact:

Kristina Pillon, High Tide Consulting Corp.
604.908.1695 / Kristina@americanpacific.ca

Media relations contact:

Adam Bello, Primoris Group Inc.
416.489.0092 / media@primorisgroup.com

Full disclosure can be found in our NI 43-101 Technical Report for the Madison Project at www.americanpacificmining.com.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249304

FAQ

What is the size of American Pacific's 2025 drill program at the Madison Project (USGDF)?

American Pacific Mining has commenced a 3,000-metre drill program at the Madison Copper-Gold Project in Montana.

How much gold was historically produced at the Madison Project's Broadway mine area?

The Broadway mine area historically produced 144,000 ounces of gold from surface oxide mineralization between 1880-1950.

What are the main targets of USGDF's Madison Project drill program?

The program targets five priority areas, including porphyry concepts, skarn extensions, and the Broadway mine area, with four drill holes planned for two specific porphyry targets.

What geological features is American Pacific (USGDF) targeting at the Madison Project?

The company is targeting the contact zone between Madison limestone and quartz monzonite intrusive, along with the Silverstar Fault Complex, guided by Induced Polarization surveys.
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