NEWS TODAY: USGD Shares Strong Gold, Copper & Silver Results Today, American Pacific Mining Corp. (Ticker: USGD.c or USGDF for US investors) shared promising assay results from its 2024 field program at the Madison Copper-Gold Project in Montana. Highlights include surface rock samples yielding grades of up to **80.6 g/t gold, 5.2% copper, and 136 g/t silver**, alongside the identification of five new drill targets through field mapping and radiometric surveys.
Sampling Results:
- 88 rock and 141 soil samples were collected.
- Significant gold grades include 80.6, 38.48, and 19.85 g/t.
- Copper samples graded up to 5.2% and 3.3%.
- Higher-than-expected silver values (up to 136 g/t) enhance the project’s economic potential.
Radiometric Survey Insights:
- Unique use of radiometric surveys identified thorium, potassium, and uranium anomalies, aiding the identification of porphyry-style mineralization and refining drill targets.
Expanded Mineralized Footprint:
- Mapping extended the mineralized zone by 2.5 km southeast and 2 km west.
Phase II Drill Program:
- Fully funded, 3,000m program planned for Q1 2025.
- Permitting is underway, with magnetic data refinement scheduled for December.
About the Madison Project:
The Madison Project, a past-producing copper-gold site, previously yielded 2.7 million pounds of copper (20–30% grades). Exploration highlights include 30.18m of 24.5 g/t gold and 0.39% copper from 2017 drilling. These results underscore the high-grade potential of this property.
CEO Commentary
Eric Saderholm, Managing Director of Exploration, emphasized the strategic importance of the field results in shaping the upcoming drill campaign. He highlighted the unique role of radiometric surveys in identifying porphyry systems, along with the unexpected high-grade silver results, as key drivers for further exploration.
Full news here: https://americanpacificmining.com/news-releases-2024/american-pacific-reports-up-to-80-6-g-t-gold-5-2-copper-and-136-g-t-silver/
Posted on behalf of American Pacific Mining Corp.