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American Pacific Mining Corp C.USGD

Alternate Symbol(s):  USGDF

American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. It has two flagship assets: the Palmer Project and the Madison Project. The Palmer Project is a Volcanic Massive Sulfide (VMS) project in Alaska. The Palmer Project is located only 60 kilometers (km) from the deep seaport at Haines, Alaska. The Madison Project is located in the heart of Montana’s prolific copper-gold belt only 38 km southeast of the world-renowned Butte Mining District. The Project consists of approximately 136 unpatented and six patented claims (2,514 acres), accessed via improved dirt roads. Its other projects include Gooseberry, Tuscarora and Red Hill. The Gooseberry Project is located in Storey County, Nevada, United States. The Gooseberry Project includes 42 unpatented claims, totaling over 708 acres. The Red Hill is a sediment-hosted gold project located 24 kilometers southeast of the 12-million-ounce Cortez Hills gold deposit.


CSE:USGD - Post by User

Comment by SPACEDOCon Mar 08, 2022 10:05am
192 Views
Post# 34494808

RE:2022 the year the shares pop???

RE:2022 the year the shares pop???For the lazy from P.45: Also in the USA, in Montana, American Pacific Mining acquired the Madison project in June 2020 and an earn-in agreement with Rio Tinto, under which the major can invest up to US$30 million to earn 70% of the project. Madison is a porphyry-fed skarn which produced ore grading up to 25-35% copper. Some 4,000m was drilled in 2021 and a magnetic survey was completed. Drilling reported in January returned 6.5m grading 14.44g/t gold and 0.11% copper. “Rio Tinto understands the porphyry copper-gold models better than anyone in the business and they realise that this portion of Montana is well known for porphyry systems, including the very prolific Butte mine which produced 23Blb copper, 700Moz silver and 3Moz gold. This extremely large deposit is located 48km north and on the same structural trend as Madison. This is the type of ore body that Rio is exploring for,” American Pacific Mining president Eric Saderholm told Mining Journal. With a number of junior explorers funded and working in the Americas, 2022 promises to be a year of share pops on drilling.
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