Welcome to our dedicated page for American Pacific news (Ticker: USGDF), a resource for investors and traders seeking the latest updates and insights on American Pacific stock.
American Pacific Mining Corp (USGDF) delivers focused exploration updates through this dedicated news hub. Track official announcements and developments from the company advancing high-potential copper-zinc and precious metals projects in Alaska's Palmer VMS system and Montana's Madison district.
This resource provides investors with timely access to operational milestones, including drilling results, resource estimates, and partnership developments. All content undergoes strict verification to ensure compliance with NI 43-101 technical reporting standards and financial disclosure requirements.
Key updates cover exploration progress at flagship projects, strategic joint venture announcements, and technical report publications. The curated feed serves as a centralized source for understanding the company's methodical approach to mineral resource development in established mining jurisdictions.
Bookmark this page for direct access to verified updates about USGDF's systematic exploration programs and asset development strategies. Regular monitoring ensures informed tracking of this active precious/base metals explorer's operational trajectory.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has initiated a 3,000-metre drill program at its 100%-owned Madison Copper-Gold Project in Montana. The program targets five priority areas, focusing on porphyry concepts and skarn extensions near known mineralization.
The drilling includes the Broadway mine area, which historically produced 144,000 ounces of gold from surface oxide mineralization between 1880-1950. The campaign will test previously unexplored sulfide mineralization and regional shallow discovery targets. Key aspects include leveraging the Silverstar Fault Complex and Induced Polarization surveys to guide targeting.
The program includes four drill holes targeting two porphyry targets: one beneath the historical Madison Mine and another regional target to the southwest. The project focuses on testing the contact zone between Madison limestone and quartz monzonite intrusive, which has shown high-grade copper-gold values in surface sampling.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has received permit approval for a focused 3,000 metre drill program at its Madison Copper-Gold project in Silver Star, Montana, set to begin in early Q2/2025.
The program will explore two porphyry targets, multiple skarn extensions, and high-grade fault systems. The Madison Project has undergone extensive review, integrating decades of exploration data, revealing five priority target areas for a district-wide exploration strategy.
The exploration will focus on the Silverstar Fault Complex, identified as a critical control on mineralization. Induced Polarization (IP) surveys have revealed significant geophysical anomalies along the fault system, highlighting prospective zones for skarn, porphyry, and orogenic mineralization in undrilled areas.
American Pacific Mining (OTCQX: USGDF) has filed an updated NI 43-101 Technical Report for its Palmer Copper-Zinc Project in Southeast Alaska. The new Mineral Resource Estimate (MRE) shows significant improvements:
Indicated Resources: 4.77 million tonnes containing:
- 178.0M pounds of copper (1.69%)
- 543.0M pounds of zinc (5.17%)
- 14.2M pounds of lead (0.14%)
- 4.4M ounces of silver (28.4 g/t)
- 43.9K ounces of gold (0.29 g/t)
- 980.4K tonnes of barite (20.6%)
Notable increases include a 16% rise in contained copper (24M pounds) and 14% increase in copper grade. The Inferred Resources total 12.00 million tonnes with a 22% increase in contained copper (28M pounds).
American Pacific Mining (USGDF) highlights its strategic position amid potential US copper tariffs and growing domestic demand. The company reports that US copper futures premiums have reached over $800 per tonne above London prices, the highest since early 2020.
The company's Palmer Copper-Zinc Project in Alaska reported significant drilling results, including intercepts of up to 43.8m grading 6.54% Cu. The updated mineral resource estimate shows Indicated resources of 4.77M tonnes at 1.69% copper and Inferred resources of 12M tonnes at 0.57% copper.
The Madison Copper-Gold Project in Montana, which previously produced 2.7M pounds of copper at 20-30% grades, showed recent drill highlights including 8.14m of 3.66% Cu. Underground sampling returned grades up to 45.50% Cu. With $16M in treasury, the company plans a Phase II 3,000-metre drill program at Madison starting in March.
American Pacific Mining (USGDF) has announced an updated Mineral Resource Estimate (MRE) for its 100% owned Palmer VMS Project in Southeast Alaska. The update shows significant increases in mineral resources:
Indicated resources total 4.77 million tonnes at 1.69% copper, 5.17% zinc, containing: 178.0M pounds of copper (16% increase), 543.0M pounds of zinc, 14.2M pounds of lead, 4.4M ounces of silver, 43.9K ounces of gold, and 980.4K tonnes of barite.
Inferred resources amount to 12.00 million tonnes at 0.57% copper, 3.92% zinc, containing: 151.5M pounds of copper (22% increase), 1,036.4M pounds of zinc, 125.2M pounds of lead, 25.6M ounces of silver, 128.1K ounces of gold, and 3,054.2K tonnes of barite.
American Pacific Mining Corp. has completed a significant transaction with Dowa Metals & Mining Alaska , acquiring 100% interest in the Palmer VMS Project in Alaska. As part of the deal, American Pacific received USD$10 million from Dowa in exchange for providing Dowa's affiliate an option to acquire up to 50% of zinc concentrate from future production. The Palmer Project is an advanced-stage copper-zinc-gold-silver exploration site located 60 kilometers from the Haines deep-sea port, with over USD$116 million invested to date. The project features road access and multiple drill-ready, high-grade prospects across 15 kilometers of mineral trends.
American Pacific Mining has reported final assays from their 2024 field season at the Madison Project, revealing significant mineral concentrations from 88 rock samples and 141 soil samples. Notable findings include gold grades up to 80.6 g/t, copper grades up to 5.2%, and silver grades up to 136 g/t. The field mapping has extended the mineralized footprint by 2.5 kilometres southeast and 2 kilometres west. The company has identified 5 additional target areas and completed radiometric survey interpretation to assist future drill targeting. A Phase II, 3,000-metre drilling program is scheduled to begin in Q1 2025, pending permits.
American Pacific Mining has entered into an agreement to acquire Dowa's interest in the Palmer VMS Project in Alaska. The deal includes US$10 million payment from Dowa to American Pacific, giving Dowa an option to acquire up to 50% of zinc concentrate during production years. Upon completion, American Pacific will own 100% of the Project. The Palmer VMS Project is an advanced-stage copper-zinc-gold-silver exploration site located 60km from Haines, Alaska, with over US$116 million invested to date. The company expects to have over CDN$16 million in cash following the transaction closure in Q4 2024.
American Pacific Mining reports significant drill results from its Palmer Copper-Zinc VMS Project in Southeast Alaska. Key highlights include CMR24-181 intersecting 18.0m of 1.5% Cu, 5.4% Zn, 0.40 g/t Au and 59.1 g/t Ag (4.4% CuEq), and CMR24-186 yielding 4.8m of 1.4% Cu, 9.9% Zn, 0.15 g/t Au and 34.9 g/t Ag (5.7% CuEq). The 2024 drilling program, funded through a joint venture with Dowa Metals & Mining Alaska, completed 16 holes focusing on the Palmer Deposit South Wall Zone 1, Zone 2-3, and North Wall Alteration Zone testing.
American Pacific Mining reports assay results from seven holes of its sixteen-hole drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska. Key highlights include hole CMR24-194 with 16.4m of 0.8% Cu, 8.4% Zn, 0.6% Pb, 0.72 g/t Au and 77.5 g/t Ag, including a high-grade section of 10.4m at 7.3% copper equivalent. The 2024 drill program, part of a CAD $17.5M exploration budget funded through a joint venture with Dowa Metals & Mining Alaska, completed 6,035.9 metres across 19 drill holes, focusing on infill drilling and testing high-grade copper-zinc mineralization zones.
