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. The Company’s projects include Palmer Project, Madison, Ziggurat, Gooseberry, Tuscarora and Red Hill. 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. The Gooseberry Project is located in Storey County, Nevada, United States. The Gooseberry Project includes 42 unpatented claims, totaling approximately 708 acres. The Red Hill is a sediment-hosted gold project located 24 kilometers southeast of the 12-million-ounce Cortez Hills gold deposit within the Cortez trend.

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American Pacific Mining Corp

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Post by SPACEDOCon Apr 22, 2024 8:31am

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PG comments on USGDF

American Pacific Mining -Never imagined it be back to the price level where I first got involved. But if it appears to be a lemon, can it end up lemonade? Here’s my bias thought – Even if company never added a dime again to the Palmer, and was reduced to an NSR, I will argue market cap now is close to that value if it becomes a mine. This is strictly my speculation, but I believe current partner will end up selling deposit to a major, as the want to be a smelter, not producer. USGD shares would be worth many times current price if speculation ever became reality. What happens at Madison project drilling is also key.

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