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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

Post by MarketMakersson Dec 03, 2024 12:46pm
53 Views
Post# 36343177

USGD to Allocate 'Lions Share' of $10M Toward Madison

USGD to Allocate 'Lions Share' of $10M Toward Madison With the injection of $10M in cash yesterday, increasing the company's total to over $16M, American Pacific Mining (USGD.c USGDF) will be allocating the "lions share" toward its Madison Copper-Gold Project in Montana where drilling recently revealed exceptional grades of up to 80.6 g/t gold, 5.2% copper, and 136 g/t silver in surface rock samples prior to phase 2 starting in January of 2025: https://x.com/AmerPacMine/status/1863946449576210758
 
USGD's Phase 1 drill program at Madison not only confirm the high-grade potential of the property but additionally significantly expand its mineralized footprint by 2.5 kilometers southeast and 2 kilometers west as well as identifying key porphyry system indicators and refining drill targets for the upcoming 3,000-meter Phase II drill program, set to commence in Q1 2025.
 
 The discovery of unexpected higher-grade silver values and the identification of five undrilled target areas, underscores the Project’s untapped potential and strategically positions USGD to unlock new discoveries across the property.
 
Notably, this injection of cash comes from the closure of USGD's deal with Dowa to earn a 100% interest in the Palmer VMS Project in Alaska which boasts  a total consolidated mineral resource of 4.68 million tonnes of 10.2% zinc equivalent indicated & 9.59 million tonnes of 8.9% zinc equivalent inferred. This transaction strongly positions USGD for growth with two 100% owned projects that has significant growth potential: https://x.com/StckMasterFlash/status/1863649692653064672
 
Posted on Behalf of American Pacific Mining Corp.

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