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 / OTCQX: USGDF) has successfully secured approval from Constantine Metal Resources Ltd. shareholders for a planned acquisition through a plan of arrangement. The resolution achieved a remarkable 98.92% approval from those present at the meeting. Under the arrangement, Constantine shareholders will receive 0.881 American Pacific shares for each share held. The acquisition remains subject to the Supreme Court of British Columbia's approval, with a hearing set for October 27, 2022, and closing anticipated around October 31, 2022.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) and Constantine Metal Resources Ltd. (TSXV: CEM) have announced the upcoming special meeting for a proposed acquisition. This follows the August 15 announcement regarding the purchase of all outstanding Constantine shares by American Pacific. The meeting is set for October 25, 2022, where securityholders will vote on the arrangement. Constantine shareholders will receive 0.881 shares of American Pacific for each share held. The transaction is expected to close around October 31, 2022, pending necessary approvals.
American Pacific Mining Corp. has filed its 43-101 technical report for the Madison Copper-Gold Project in Montana, in compliance with National Instrument 43-101. The report, dated September 15, 2022, was authored by a qualified geologist and is accessible on SEDAR. The company, focused on precious and base metals exploration, aims to advance this project in partnership with Kennecott Exploration Company. American Pacific also holds interests in other mining projects and has been nominated for prestigious industry awards, highlighting its growth potential.
American Pacific Mining Corp. (CSE: USGD / OTCQX: USGDF) has filed a 43-101 technical report for its Gooseberry Silver Project in Nevada. The report was prepared by a qualified expert and is accessible on their website. Additionally, the Bureau of Land Management approved a Phase II drilling program, consisting of eleven planned holes set to commence in fall/winter 2022. American Pacific is optimistic about new targets at Gooseberry, which may include extensions of existing mineral veins and new exploration sites.
American Pacific Mining Corp. (CSE: USGD / OTCQX: USGDF) has appointed Mr. Josh Carron as Vice President of Exploration, strengthening its leadership team. With over twenty years in gold exploration, particularly in Nevada, Carron will focus on evaluating new projects acquired from the Constantine Metal Resources transaction. His extensive experience includes managing successful exploration programs and advanced geological modeling. The company also boasts a diverse portfolio, including the Madison Copper-Gold project and the Gooseberry Silver-Gold Project, and has received accolades such as a finalist for 'Deal of the Year.'
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced its nomination as a finalist in five categories for the 2022 Platts Global Metals Awards, recognizing achievements in the metals industry. Nominations include CEO/Chairperson of the Year for Warwick Smith and Deal of the Year for a joint venture with Kennecott Exploration. The awards ceremony will occur in London on October 27, 2022. The company highlighted growth in its high-grade mining projects, including the Madison Copper-Gold Project and recent acquisition of the Palmer Project in Alaska, as indicative of its industry success.
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.
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