American Pacific Mining Corp. is pleased to announce that a sampling program is now underway at its Gooseberry Silver Project in Nevada. The program will cover American Pacific's entire land position and the data will be used to refine high priority targets ahead of an anticipated CAD $2.5 million drill program for later this year. A total of 4,161 soil samples are planned, of which 536 have already been collected and [...]
American Pacific Mining Corp. is pleased to provide a preliminary 2022 exploration program outline for American Pacific's Madison Copper-Gold Project , in Montana, USA. After a successful 2021 exploration campaign at the Madison Project, operating partner Kennecott Exploration , a division of the Rio Tinto Group, is creating a comprehensive 3-D geologic model of the Madison Project's skarn environment. To help guide the [...]
American Pacific Miningis pleased to report drill results from the 2021 drill program at its Gooseberry Silver Project. The Phase I drill program included 15 holes of combined core and reverse circulation drilling totaling 4,581 m. Highlights from the program include: A new vein identified by drill hole GB21-09, 35 m from the known mineralization, indicating the potential for a multi-vein system running parallel to the [...]
American Pacific Mining Corp. is pleased to announce that its common shares will commence trading on the OTCQX Best Market under the ticker symbol of USGDF at the opening of trading on February 25, 2022. The OTCQX is the highest market tier of OTC Markets on which 11,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. American Pacific's [...]
American Pacific Mining Corp. is pleased to announce the expansion of the Tuscarora Gold Project through the staking of an additional 47 claims totaling 971 acres in Elko County, Nevada and plans a CAD $5 million program drilling up to 70 holes to test a series of high-grade gold targets at the Project in 2022. The now 215 claim, 4272 acre Project consists of numerous high-grade gold vein targets, including the Grand [...]
American Pacific Mining Corp. is pleased to report results of a recently completed Unmanned Aerial Vehicle Drone magnetic survey over the Madison Property conducted in July by MWH Geo-Surveys of Reno, Nevada. A total of 344 line-kilometers of UAV magnetic data was compiled at a line spacing of 25 metres and 50m over an area of approximately 11.34 km?. Prior to the magnetic survey, a UAV orthophoto survey was used to [...]
American Pacific Mining is pleased to report drill results from its 2021 drilling programs conducted by Kennecott Exploration Company, a division of the Rio Tinto Group, on the Company's Madison Copper- Gold Project, in Montana. The Kennecott drilling program consisted of 10 core holes for a total of 3,598 m, which focused on extensions of high-grade gold-copper skarn mineralization as well as new target concepts at [...]
American Pacific Mining is pleased to announce the closing of its oversubscribed non-brokered private placement raising gross proceeds of $10,146,000 through the issuance of 10,146,000 units at $1.00 per Unit. Each Unit consists of one common share of the Company and one-half of one transferable warrant. Each whole Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of [...]
American Pacific Mining Corp. is pleased to report high-grade rock chip assays from a sampling program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project in Montana. The Madison Project is under a joint-venture earn-in agreement, whereby Rio Tinto may earn up to 70% of the project by spending US $30 million. A total of 7 rock chip samples were collected from 200 m [...]
American Pacific Mining Corp. is pleased to announce that it has increased the size of the previously announced financing to C$10 million. The Company will issue 10 million units , at a price of C$1.00 per Unit, for gross proceeds of C$10 million. Each Unit consists of one common share and one half of one share purchase warrant , with each Warrant entitling the holder to purchase one additional share at a price of C$1.40 [...]
American Pacific Mining Corp. is pleased to announce a private placement of up to 5,000,000 units at a price of CAD $1.00 per Unit for gross proceeds of up to CAD $5,000,000. Each Unit will be comprised of one common share and one half of one common share purchase warrant with each Warrant entitling the holder to purchase one Share of the Company at a price of $1.40 per Share for a period of 24 months from the date of [...]
American Pacific Mining Corp. is pleased to report that it has added a second drill to its Gooseberry Silver Project in Nevada. The new drill rig is a reverse circular drill that will complement the core drill already turning on site, thus accelerating the completion of the program at the high-grade past-producing silver-gold mine. Underground mining at Gooseberry ceased in the mid-1990s and the property, once mined by [...]