Business
American Pacific Mining and ICG Silver & Gold Complete Plan of Arrangement for the Sale of the Tuscarora District
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific") and ICG Silver & Gold Ltd. ("ICG") (collectively the "Companies") are pleased to announce that, further to a news release dated March 20, 2026, the Companies have completed, effective March 25, 2026 (the "Closing Date"), the plan of arrangement (the "Arrangement") for the sale of 100% of the Tuscarora and Danny Boy projects (collectively, the.
About this update from American Pacific Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific") and ICG Silver & Gold Ltd. ("ICG") (collectively the "Companies") are pleased to announce that, further to a news release dated March 20, 2026, the Companies have completed, effective March 25, 2026 (the "Closing Date"), the plan of arrangement (the "Arrangement") for the sale of 100% of the Tuscarora and Danny Boy projects (collectively, the "Tuscarora District") by American Pacific to ICG.","length":613,"tagName":"p"},{"type":"text","content":""We are very pleased to have completed the sale of the high-quality Tuscarora District," commented American Pacific CEO, Warwick Smith. "We have always believed that the Tuscarora District warranted a dedicated team to focus its energy and resources in systematically exploring this district-scale silver and gold opportunity in Nevada, the world's top mining district according to Fraser Institute's 2025 survey. In our view, ICG is well positioned to rapidly advance the Tuscarora District to a preliminary resource, leveraging the team's strong capital markets acumen, substantial technical depth, and significant leadership experience at major companies. We look forward to our shareholders benefiting from the advancement of the Tuscarora District, both directly and through American Pacific's equity exposure to ICG, while we concentrate our efforts on our flagship Madison Copper-Gold Project in Montana, where we expect drills to be turning later this month."","length":1003,"tagName":"p"},{"type":"text","content":""We are grateful for the vast amount of work that the American Pacific team and previous operators have done to bring the Tuscarora District to the advanced stage it is today," commented ICG CEO Steven Sirbovan. "The abundance of quality data has provided us with a strong foundation to create a comprehensive geological, district-scale model, which will set us up to explore the extent of our land package for silver and gold, and eventually advance the project toward a first mineral resource estimate."","length":525,"tagName":"p"},{"type":"text","content":"Under the Arrangement, American Pacific has completed the sa...