Second Drill Rig Arrives at American Pacific Mining's Madison Copper-Gold Project and Commences Drilling Near-Surface Skarn Targets

About this update from American Pacific Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) (WKN: A422L8) (" American Pacific, " or the " Company ") is pleased to announce that a second drill rig has arrived on site and is now turning at its 100%-owned Madison Copper-Gold Project (" Madison " or the " Project ") in Montana to test near-surface skarn targets. The reverse circulation (" RC ") drill rig commenced drilling as part of the ongoing, fully-funded 15,000-metre program, which includes both diamond core and RC drilling, that began in early June ( see June 1, 2026 news release ). The 2026 drilling campaign at Madison is designed to aggressively test both near-surface skarn targets and deeper porphyry-style mineralization that management believes has the potential to underpin a large copper-gold system. The RC drill will focus on rapid, cost-effective testing of a series of near-surface skarn targets that share key geological characteristics with the historic Madison and Broadway Mine footprint, an area with a history of high-grade copper and gold production. These targets are designed to build on past work and aim to identify additional shallow, potentially high-grade mineralization that could contribute to the first mineral resource estimate targeted for 2027. Success in this phase of the program could demonstrate the potential to grow the known mineralized footprint around the existing skarn system. The staged RC and core strategy is intentionally designed to advance near-surface target testing in parallel with deeper system-scale exploration, providing investors with exposure to both potential shallow ounces and larger porphyry-style upside within the same drill program. Image 1: O'Keefe Drilling testing the first RC hole (Hole ID M26RC-01) To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10322/304730_ecc49372b4e66bf8_001full.jpg "With RC drilling now underway to test multiple near-surface skarn targets and the core rig already stepping into the deeper porphyry environment, we are now in a position to generate steady results through the summer and, we hope, demonstrate the true scale of this system," commented Managing Director of Exploration, Eric Saderholm. "If we are successful in extending the known mineralization and vectoring into a larger copper-gold system, we believe Madison has the potential to become a cornerstone asset that can drive meaningful value for our shareholders."

View stock analysis, news, and events for American Pacific Mining Corp.