Welcome to our dedicated page for American Pacific news (Ticker: USGDF), a resource for investors and traders seeking the latest updates and insights on American Pacific stock.
American Pacific Mining Corp. (OTCQX: USGDF) is a precious and base metals explorer and developer focused on projects in the Western United States. Its news flow reflects activity across a portfolio that includes the flagship Madison Copper-Gold Project in Montana, advanced-stage and past-producing assets in Nevada, and transaction-driven exposure to the Palmer Copper-Zinc VMS Project in Alaska.
Company news releases cover exploration updates, technical reporting and corporate transactions. For Madison, American Pacific has reported staking and amending claims around the project area, as well as drill results that highlight high-grade copper and gold mineralization. In Nevada, the company has announced an updated NI 43-101 technical report for the Gooseberry Silver-Gold Project and provided detailed drilling results from that low sulphidation epithermal vein system.
Corporate and transaction-related news includes the sale of the Palmer Project to Vizsla Copper Corp. in exchange for equity and milestone-based payments, and an arrangement agreement under which ICG Silver & Gold Ltd. will acquire the Tuscarora and Danny Boy projects in Nevada. These announcements outline consideration structures, contingent payments and the distribution of shares in partner companies to American Pacific shareholders.
Additional releases address matters such as share issuances to former employees under employment agreements and commentary on broader sector developments, including the designation of copper and barite as critical minerals in the United States and how that relates to projects like Madison and Palmer. Investors and observers can use this news page to review historical and ongoing disclosures about exploration results, technical reports, asset sales, equity positions and corporate actions involving American Pacific Mining Corp.
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQB: USGDF) has reported positive drilling results from its Madison Copper Gold Project in Montana, following 2019 and 2020 exploration programs by Kennecott Exploration. The project showcases a historical mining district, with Kennecott potentially earning a 70% stake through a $30 million investment. Notable mineralization was found in the drilled holes, with continued exploration ongoing in 2021. Significant intervals from the drilling include copper and gold values, indicating potential for further resource development.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) reported high-grade mineralization in 18 rock chip samples from the Madison property, indicating significant potential for gold, silver, copper, lead, and zinc. A notable sample returned 15.7 g/t Au and 612 g/t Ag, suggesting a new mineralized zone two kilometers from the historic mine. The company plans initial drilling to explore this vein system. Additionally, 100,000 stock options were granted to a director at $0.71 each. American Pacific emphasizes its focus on growth through exploration and acquisition in the precious metals sector.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced significant findings from rock sample geochemistry at its Madison Copper Gold Project in Montana. The results compile historic data from Kennecott Exploration and Broadway Gold, revealing broad occurrences of high-grade gold and copper mineralization. Kennecott may invest $30 million to earn 70% of the project, and drilling activities are currently underway. Eric Saderholm, President of American Pacific, emphasized the dataset's potential for accelerating exploration activities.
American Pacific Mining Corp has closed a non-brokered private placement, issuing 8,181,964 units at CAD$0.125 each, raising total gross proceeds of $1,022,746. Investor Michael Gentile now holds 19.99% of the company’s shares. The funds will be allocated to the exploration of resource properties and general working capital. Following the placement, the company reported having over $3.4 million in cash and received $1.47 million from warrant exercises. 22,343,735 warrants remain outstanding, which could generate an additional $4.7 million if fully exercised.
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQB: USGDF) has initiated the drilling phase at its Madison Copper Gold Project in Montana, USA, as part of a joint venture with Rio Tinto Group's Kennecott Exploration. The first diamond core drill has arrived, with plans for up to 4,000 meters of drilling targeting areas identified through geophysical surveys and historic data. Additionally, the company has granted 1,800,000 stock options at an exercise price of $0.27, effective for five years.
American Pacific Mining Corp. (CSE: USGD / OTCQB: USGDF) announced a private placement to raise up to CAD$1,022,746 by issuing 8,181,964 units at CAD$0.125 each. The strategic investor, Michael Gentile, will acquire 19.99% of the company’s shares post-transaction. The funds will support exploration at various projects, including the Madison Project, which has shown promising high-grade results. This joint venture with Kennecott is expected to advance the project without shareholder dilution.
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQB: USGDF) has announced the termination of its earn-in option for the Tuscarora Gold Project following the passing of CEO Bob Baxter of Soldera Mining Corp, which has chosen to pursue other business directions. To date, Soldera has incurred expenses totaling approximately CDN$316,196 and USD$4,000 related to the project. American Pacific is now actively seeking a new partner to further develop the Tuscarora Gold Project.
American Pacific Mining Corp. (CSE:USGD, OTCQB:USGDF) announced its 2021 exploration program for the Madison Copper Gold Project in Montana. Under a joint venture agreement, Kennecott Exploration, a Rio Tinto subsidiary, may invest $30 million to earn a 70% interest. The exploration will focus on drilling and sampling to extend mineralization zones and assess gold potential. Plans include up to 31 diamond drill holes and 50 reverse circulation holes. The program aims to further define existing mineralization and discover new resources.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has appointed Alnesh Mohan as its new CFO and Corporate Secretary, effective immediately. This comes after the resignation of Norman Wareham. Mohan brings over 20 years of finance experience, having been a partner at Quantum Advisory Partners LLP since 2005, and has expertise in financial reporting and corporate governance. Wareham will remain on the board and assist with daily accounting duties. The company focuses on gold exploration, with flagship assets in Montana and Nevada.
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) has completed a significant milestone by making the final payment of $150,000 CDN to Novo Resources Corp., resulting in 100% ownership of the Tuscarora Gold Project in Nevada. The project is located in a prime gold district, positioned favorably near other major deposits. This acquisition follows the company’s prior joint venture agreement concerning the project, indicating a strategic move to bolster its holdings in the precious metals sector.
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