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 (USGDF) delivers focused exploration updates through this dedicated news hub. Track official announcements and developments from the company advancing high-potential copper-zinc and precious metals projects in Alaska's Palmer VMS system and Montana's Madison district.
This resource provides investors with timely access to operational milestones, including drilling results, resource estimates, and partnership developments. All content undergoes strict verification to ensure compliance with NI 43-101 technical reporting standards and financial disclosure requirements.
Key updates cover exploration progress at flagship projects, strategic joint venture announcements, and technical report publications. The curated feed serves as a centralized source for understanding the company's methodical approach to mineral resource development in established mining jurisdictions.
Bookmark this page for direct access to verified updates about USGDF's systematic exploration programs and asset development strategies. Regular monitoring ensures informed tracking of this active precious/base metals explorer's operational trajectory.
American Pacific Mining Corp has announced its 2023 budget of US $25.5 million for the Palmer Project, a high-grade volcanogenic massive sulphide project in Alaska. The budget will fund a multi-purpose work program that includes a 9,000 metre resource infill drill program aimed at upgrading mineral resources, alongside geotechnical drilling, camp construction, and ongoing environmental studies. The estimated mineral resources at Palmer include 4.68 million tonnes of indicated and 5.34 million tonnes of inferred resources. Dowa Metals & Mining is set to fund the entire program, with American Pacific as the operator, receiving 7% of expenditures for management. This marks the largest program budget to date, positioning the project closer to a feasibility study.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has appointed Peter Mercer as Senior Vice President, Advanced Projects. Mercer, a seasoned industry leader, will focus on advancing the Palmer VMS Project in Alaska. His expertise in mineral exploration and mine development is expected to enhance the company’s operational capabilities. Mercer previously served as Vice President at Rambler Metals and has extensive experience with VMS operations. The Palmer Project, a joint venture with Dowa Metals & Mining, has a mineral resource of 4.68 million tonnes of indicated zinc equivalent and 9.59 million tonnes of inferred zinc equivalent. A Preliminary Economic Assessment indicates a post-tax NPV of US$266 million. The company aims for growth through exploration and acquisition.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has launched a Phase II drill program at the Gooseberry Silver Project in Nevada. This program will involve 15 holes over 3,048 meters (10,000 feet) to explore the Gooseberry Vein and new targets: Elderberry and Strawberry Zones, identified through 2022 geochemical and geophysical analysis. President Eric Saderholm highlighted the discovery of multiple vein showings, enhancing the project's potential. Historical exploration has been limited, focusing primarily on existing veins, but the company aims for comprehensive evaluation utilizing both traditional and modern techniques.
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