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Bullboard - Stock Discussion Forum 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... see more

CSE:USGD - Post Discussion

American Pacific Mining Corp > More High-Grade Copper & Gold Reported at Madison
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Post by MarketMakerss on Sep 27, 2024 5:48pm

More High-Grade Copper & Gold Reported at Madison

Yesterday, American Pacific Mining (USGD.c USGDF) reported high-grade copper and gold results at its Madison Project in Montana.
 
 Four samples taken from old mine workings at the upper levels of the Madison Mine returned impressive grades, with highlights including:
  • 45.50% copper and 2.17 g/t gold
  • 31.00% copper and 8.40 g/t gold
  • 23.30% copper and 1.90 g/t gold
  • 3.19% copper and 0.14 g/t gold
 
Exploration and Future Plans
These results reinforce the high mineralization potential of the Madison project, which features both copper sulfide and oxidized gold deposits.
 
USGD's Phase I drilling has already shown significant grades extending beyond previously mined areas with ongoing regional sampling and structural mapping expected to inform further drilling plans ahead of Phase II scheduled for Q4 2024.
 
Further, USGD is focused on identifying new mineralized zones and expanding the known resource areas, benefiting from past selective mining that only targeted specific minerals, leaving untapped potential.
 
USGD CEO, Warwick Smith, commented: 
“These incredibly high copper values from the past underground workings highlight the type of grade the mineralized system at Madison can carry, and our recently completed Phase I drilling demonstrated that significant grades continue well beyond the areas mined out by predecessors,”
“Our ongoing regional sampling and structural mapping work is designed to refine our step-out and extension focused drilling plans and generate additional discovery targets throughout the broader property package. We look forward to sharing further results and our updated 3D model and Phase II plan in Q4, 2024.”
 
Full News Release: https://americanpacificmining.com/news-releases-2024/american-pacific-samples-up-to-45-5-copper-from-underground-workings/
 
Posted on Behalf of American Pacific Mining Corp.
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