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 (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.
American Pacific Mining (OTCQX: USGDF) has contracted O'Keefe Drilling and Nasco Industrial Services to carry out a fully funded, combined 15,000-metre reverse-circulation and diamond core drill program at the Madison copper-gold project in Montana, starting in May 2026. The campaign will test up to eight priority skarn and porphyry targets, begin with RC drilling, then diamond core, and expects initial results later this summer. On May 1, 2026, Joness Lang moved from President and Director to Senior Strategic Advisor and Independent Director.
American Pacific (OTCQX: USGDF) announced its Madison Copper-Gold Project in Montana will be featured on Full Measure with Sharyl Attkisson on Sunday, May 3, 2026.
The segment will include a site tour by Managing Director of Exploration Eric Saderholm; Full Measure reaches syndicated Sinclair affiliates and reports weekly viewership figures and online posting. The company states it has no editorial control over the final broadcast.
American Pacific Mining (OTCQX: USGDF) reported audited results for year ended December 31, 2025, showing a net loss of $16.83M (‑$0.07 per share) versus prior year income of $5.36M. Total assets fell to $33.65M, cash was $908,702, and marketable securities include 13,888,888 Vizsla Copper shares valued at $11.25M. Subsequent events: sale of Tuscarora District to ICG, non‑brokered private placement raising $9.75M, and escrowed funds of US$2.875M earning 0.9% until April 28, 2028.
American Pacific Mining (OTCQX: USGDF) has begun a high-resolution underground control and LiDAR survey at the Madison Copper-Gold Project near Silver Star, Montana. WET and Dengel Surveying will traverse the decline to ~800 feet and use an Emesent HVM100 to produce geolocated point clouds and a 3D mesh.
Field work is expected to finish in April 2026 with final deliverables approximately three weeks after completion. The dataset will support 3D geological modeling, refined drill targeting, and underground-access planning.
American Pacific Mining (OTCQX: USGDF) completed a plan of arrangement on March 25, 2026 to sell 100% of the Tuscarora and Danny Boy projects (the Tuscarora District) to ICG Silver & Gold (ICG).
Consideration includes 11,500,000 ICG common shares (7,500,000 distributed pro rata to APM shareholders, 4,000,000 retained subject to a lock-up), a US$5.0 million contingent payment/b) upon commercial production, and APM shareholders received ~ per APM share. ICG completed a subscription receipt financing of ~$2.8 million, converted at $0.35 per share, with warrants exercisable at $0.50 for 24 months. ICG expects CSE trading to commence March 31, 2026.
American Pacific Mining (OTCQX: USGDF) has started a property-wide 3D Magnetotelluric (MT) survey at the Madison Copper-Gold Project in Montana on March 16, 2026.
The program will deploy approximately 100 broadband MT stations on 250‑m and 500‑m grids to image resistivity to 1–2 kilometres, refine drill targets and support a planned 2026 drill program including a minimum of four drill holes.
American Pacific (OTCQX: USGDF) reports discovery of new geological anomalies at the Madison copper-gold project in Montana identified using an ultraviolet (black-light) "fugitive calcite" technique.
Field crews accessed an additional 150 feet of ramp exposure and detected at least one distinct fluorescing vein population that may help vector toward porphyry and CRD targets.
American Pacific Mining (OTCQX: USGDF) reported shareholder voting results from its annual general and special meeting held on February 25, 2026.
Shareholders approved all resolutions, notably the court-approved plan of arrangement with ICG Silver & Gold, election of directors, re-appointment of Davidson & Company as auditors, and re-approval of the stock option plan.
American Pacific (OTCQX: USGDF) reported new underground geological observations at its Madison Copper-Gold Project in Montana on February 6, 2026. Fieldwork exposed approximately 150 feet of decline due to lower water levels and identified a phreatic breccia containing chalcocite veins and native copper that appears to align with the Victoria Pit.
Geologists now recognize at least six breccia types at Madison, improving structural vectoring and refining drill targets ahead of a planned drill program this quarter. Additional data will be integrated into the exploration model.