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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.
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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.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced promising results from its 2021 drill program at the Gooseberry Silver Project in Nevada. The Phase I program consisted of 15 holes and 4,581 meters of drilling, with significant findings including a new vein identified close to known mineralization. Notably, drill hole GB21-09 revealed 17.5 m of 95.5 g/t silver and 0.94 g/t gold. The company is advancing to a Phase II drilling program and plans a geochemical sampling program to refine future targets.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced the commencement of trading on the OTCQX Best Market from February 25, 2022. This move signifies an upgrade from the OTCQB, aiming to enhance visibility and accessibility for U.S. investors. The OTCQX is known for its high standards, offering value and convenience to investors. CEO Warwick Smith emphasized that this upgrade will improve liquidity and shareholder value, supported by the company's strong strategic and operational framework.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has announced the expansion of its Tuscarora Gold Project by staking 47 new claims covering 971 acres in Elko County, Nevada. The Company plans to initiate a CAD $5 million drilling program, consisting of up to 70 holes (17,000 meters), targeting high-grade gold. The expanded project now consists of 215 claims totaling 4,272 acres, featuring high-grade gold and silver veins. Previous drilling yielded significant intercepts, including 4.57 meters at 127.08 g/t gold. The Company aims to enhance exploration efforts in 2022.
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American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced positive results from its 2021 drilling program at the Madison Copper-Gold Project in Montana, conducted by Kennecott Exploration Company. The drilling comprised 10 core holes totaling 3,598 meters, revealing significant high-grade intercepts. Notably, drill hole MADN0033 reported 14.44 g/t gold and 0.11% copper over 6.53 meters, with highlights including 39.57 g/t gold over 2.35 meters. The results indicate potential for further exploration and extend mineralization down plunge. The company's unique mineralization systems are promising for future development.
American Pacific Mining Corp. (CSE: USGD / OTCQB: USGDF) has successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of $10,146,000. The funding was achieved through the issuance of 10,146,000 units at $1.00 per unit, each consisting of one common share and one-half of a warrant. The company intends to allocate the proceeds for exploration programs at its Gooseberry and Tuscarora projects in Nevada, along with potential acquisitions and working capital. Finder’s fees totaled $649,320 in cash and warrants.