'Mining and exploration for copper, gold, rare earths and more' - Two High Potential Projects in the Americas
Named one of seven companies with significant mines and development projects to watch by Northern Miner, American Pacific Mining (USGD.c USGDF) is focused on exploration at its past-producing Madison Copper-Gold Project: https://www.northernminer.com/news/us-snapshot-mining-and-exploration-for-copper-gold-rare-earths-and-more/1003872367/
Notably, recent drilling has confirmed high-grade mineralization extending beyond previously mined areas at Madison, including gold and copper intercepts, with highlights such as 12.3 metres of 10.36 grams gold and 0.88% copper. Surface samples have also shown very high copper and gold grades.
Further, USGD holds the Palmer copper-zinc volcanogenic massive sulphide (VMS) project in southeastern Alaska which is a joint venture with Japan’s Dowa Metals & Mining.
Palmer has additionally produced strong drilling results, including the four most significant copper intercepts ever reported at the project. The 2019 preliminary economic assessment (PEA) for Palmer projects a US$266 million post-tax net present value over an 11-year mine life, with a payback period of 3.3 years and life-of-mine production estimates that include 1 billion lb. of zinc and 196 million lb. of copper.
Going forward, USGD is pursuing an aggressive and fully funded exploration program at Madison with Phase 2 scheduled for early 2025, and a resource estimate is expected by 2026.
Posted on Behalf of American Pacific Mining Corp.