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American Pacific Mining Receives Permit To Drill High-Grade Madison Copper Gold Project In Montana
VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Co
About this update from American Pacific Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to announce that it has received the permits necessary to commence drilling at the Madison Copper-Gold Project (“Madison” or the “Project”) in Montana, USA. The five-hole diamond drill campaign, which is expected to commence in Q1, 2024, is designed to further define and expand on known near-surface, high-grade copper and gold mineralization, while extending beneath known mineralization to provide a foundation for deeper exploration in areas which have seen limited historical drilling. The programs sets out to achieve three key objectives: test shallow gap areas; tighten drill spacing at moderate depth within the skarn to support a future mineral resource estimate; and extend below known mineralization to provide valuable information for deeper exploration in subsequent campaigns. Previous drilling in this area returned drill intersections of 14.44 grams per tonne (“g/t”) gold (“Au”) over 6.53 metres (“m”) (see news release dated January 22, 2022) and 6.97% copper (“Cu”) over 61.63 m1. This program is, in part, a follow-up to the work done during previous partner-funded campaigns. “The Madison Project has always been of keen interest to our team, given its historical high-grades and still limited exploration,” commented CEO Warwick Smith. “Madison has been shown to carry significant grades, particularly in the skarn and we look forward to extending skarn mineralization, as we prepare to conduct more comprehensive exploration into the porphyry-style mineralization beneath.” Qualified Persons Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the designated Qualified Persons (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About American Pacific Mining Corp. American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company has two flagship assets: the Palmer Project, a Volcanic Massive Sulfide (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan’s largest zinc smelter; and the Madison Project, a past-producing copper-gold project in Montana ...