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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 Corp (CSE: USGD / FWB: 1QC / OTCQX: USGDF) has announced a definitive agreement to acquire Constantine Metal Resources Ltd (TSXV: CEM / OTCQX: CNSNF). This all-share transaction provides an immediate premium of 48.6% to Constantine shareholders based on a 20-day VWAP. The merger will create a leading exploration company with two significant projects: the Palmer Project in Alaska and the Madison Project in Montana. The combined entity will have a pro-forma cash balance exceeding C$10 million and a market cap over C$85 million, enhancing investor appeal.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has announced updates on its drilling activities at the Tuscarora Project in Elko County, Nevada. To date, approximately 21 drillholes have been completed, totaling about 4,000 metres, with plans for up to five additional holes to test newly identified vein targets from a recent CSAMT survey. The survey has revealed several untested vein occurrences, notably two strong quartz anomalies. The Grand Prize Vein has demonstrated significant gold values, with surface samples showing up to 21,032 g/t Au.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has reported high-grade copper and gold assays from its South Lida Project in Nevada. A Phase I rock chip sampling program yielded 27 samples, with notable results including 11.21% copper and 4.24% copper from the eastern claim area. Historical data from Sirius Exploration in 2008 showed samples with up to 10 g/t gold. The company has initiated a follow-up sampling program to further explore the mineralization potential of the property.
American Pacific Mining Corp. (CSE: USGD / OTCQX: USGDF) announced new geophysical survey results from its Gooseberry Project, revealing three new interpreted veins parallel to the known Gooseberry vein. This suggests potential for significant extension of the main vein. The company plans a Phase II drill program later this year, building on promising Phase I drilling results, which included a notable intersection of 17.5 m with 95.5 g/t silver and 0.94 g/t gold. The results support the hypothesis of additional veins in the area, increasing exploration potential.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced high-grade assay results from its 2022 rock sampling at the Tuscarora Project in Nevada. Out of 22 samples, 7 yielded no gold or silver, while the highest-grade sample recorded was 205.83 g/t Au from the Repo Vein target. Drilling commenced on May 22, 2022, focused on this area. The company's president highlighted strong gold and silver values in newly tested areas, indicating potential for further exploration. American Pacific aims to expand through drilling and acquisitions.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced progress on its Tuscarora Gold Project in Nevada, having completed 13 of a planned 70 holes in a 17,000 metre drill program. Initial assay results are pending, with significant findings of high-grade gold and silver reported in previous samples. The company staked an additional 53 claims, expanding the project to 268 claims over 5,370 acres. New sampling and assaying procedures will address discrepancies in assay results, leading to delays but aiming for more accurate measurements.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has expanded its South Lida Project in Nevada by staking an additional 64 claims, bringing the total land package to 1,500 acres. A new sampling program is set to evaluate these claims, contributing to an updated NI 43-101 Technical Report expected later this year. Historical sampling has returned significant gold, silver, and copper values, indicating the project's potential. The company seeks a joint venture partner to advance exploration activities.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announces a soil sampling program at its Gooseberry Silver Project, covering approximately 827 acres, to enhance drill targeting ahead of a CAD $2.5 million drill program planned for later this year. The initiative includes collecting 4,161 soil samples, of which 536 are already submitted for assay. The results will refine targets for Phase II drilling scheduled for late 2022 following successful Phase I drilling in 2021, which revealed multiple mineralized veins.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced a preliminary exploration program for its Madison Copper-Gold Project in Montana. Following a successful 2021 campaign, the company is collaborating with Kennecott Exploration to build a 3-D geologic model of the area. The 2022 program will focus on gold mineralization and include an in-depth review by a skarn expert. In 2021, KEX executed a $2.7 million drilling program, yielding high-grade results, notably 14.44 g/t gold over 6.53 m in drill hole MADN0033.