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.