American Pacific Mining Positioned to Benefit from Growing US Copper Demand Driven by Tariff Uncertainty
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) sottolinea la sua posizione strategica in un contesto di potenziali dazi sul rame negli Stati Uniti e di crescente domanda interna. L'azienda riporta che i premi sui futures del rame negli Stati Uniti hanno superato gli 800 dollari per tonnellata rispetto ai prezzi di Londra, il livello più alto da inizio 2020.
Il Palmer Copper-Zinc Project in Alaska ha riportato risultati significativi di perforazione, inclusi intercettamenti fino a 43,8 m con una gradazione del 6,54% di rame. La stima aggiornata delle risorse minerarie mostra risorse indicate di 4,77 milioni di tonnellate con una percentuale di rame dell'1,69% e risorse inferite di 12 milioni di tonnellate con una percentuale di rame dello 0,57%.
Il Madison Copper-Gold Project nel Montana, che in precedenza ha prodotto 2,7 milioni di libbre di rame con gradi del 20-30%, ha mostrato recenti punti salienti di perforazione, inclusi 8,14 m di 3,66% di rame. I campionamenti sotterranei hanno restituito gradi fino al 45,50% di rame. Con 16 milioni di dollari in tesoreria, l'azienda prevede un programma di perforazione di Fase II di 3.000 metri a Madison che inizierà a marzo.
American Pacific Mining (USGDF) destaca su posición estratégica en medio de posibles aranceles al cobre en EE. UU. y una creciente demanda interna. La compañía informa que las primas de futuros de cobre en EE. UU. han superado los 800 dólares por tonelada sobre los precios de Londres, el nivel más alto desde principios de 2020.
El Palmer Copper-Zinc Project en Alaska reportó resultados significativos de perforación, incluyendo intercepciones de hasta 43.8 m con un grado de 6.54% de Cu. La estimación actualizada de recursos minerales muestra recursos indicados de 4.77 millones de toneladas al 1.69% de cobre y recursos inferidos de 12 millones de toneladas al 0.57% de cobre.
El Madison Copper-Gold Project en Montana, que anteriormente produjo 2.7 millones de libras de cobre con grados del 20-30%, mostró recientes destacados de perforación que incluyen 8.14 m de 3.66% de Cu. El muestreo subterráneo devolvió grados de hasta 45.50% de Cu. Con 16 millones de dólares en tesorería, la compañía planea un programa de perforación de Fase II de 3,000 metros en Madison que comenzará en marzo.
American Pacific Mining (USGDF)는 미국의 구리 관세 가능성과 국내 수요 증가 속에서 전략적 위치를 강조합니다. 이 회사는 미국의 구리 선물 프리미엄이 런던 가격보다 톤당 800달러를 초과하여 2020년 초 이후 가장 높은 수준에 도달했다고 보고했습니다.
알래스카에 있는 Palmer Copper-Zinc Project는 6.54% Cu의 등급을 가진 43.8m까지의 시추 결과를 포함하여 중요한 시추 결과를 보고했습니다. 업데이트된 광물 자원 추정치는 1.69% 구리의 477만 톤의 확인된 자원과 0.57% 구리의 1200만 톤의 추정 자원을 보여줍니다.
몬태나에 있는 Madison Copper-Gold Project는 이전에 20-30% 등급으로 270만 파운드의 구리를 생산했으며, 최근 시추 하이라이트로는 3.66% Cu의 8.14m가 포함되어 있습니다. 지하 샘플링은 최대 45.50% Cu의 등급을 반환했습니다. 1600만 달러의 자금을 보유한 이 회사는 3월에 시작하는 Madison에서 3,000미터의 2단계 시추 프로그램을 계획하고 있습니다.
American Pacific Mining (USGDF) souligne sa position stratégique face à de potentielles taxes sur le cuivre aux États-Unis et à une demande intérieure croissante. La société rapporte que les primes sur les contrats à terme de cuivre aux États-Unis ont atteint plus de 800 dollars par tonne par rapport aux prix de Londres, le niveau le plus élevé depuis début 2020.
Le Palmer Copper-Zinc Project en Alaska a rapporté des résultats de forage significatifs, y compris des interceptions allant jusqu'à 43,8 m avec une teneur de 6,54% de Cu. L'estimation actualisée des ressources minérales montre des ressources indiquées de 4,77 millions de tonnes à 1,69% de cuivre et des ressources inférées de 12 millions de tonnes à 0,57% de cuivre.
Le Madison Copper-Gold Project dans le Montana, qui a précédemment produit 2,7 millions de livres de cuivre avec des teneurs de 20-30%, a montré des résultats de forage récents, y compris 8,14 m de 3,66% de Cu. Les échantillonnages souterrains ont retourné des teneurs allant jusqu'à 45,50% de Cu. Avec 16 millions de dollars dans sa trésorerie, la société prévoit un programme de forage de Phase II de 3 000 mètres à Madison, qui débutera en mars.
American Pacific Mining (USGDF) hebt seine strategische Position inmitten potenzieller US-Zölle auf Kupfer und einer wachsenden inländischen Nachfrage hervor. Das Unternehmen berichtet, dass die Prämien für US-Kupferfutures über 800 Dollar pro Tonne über den Londoner Preisen liegen, dem höchsten Stand seit Anfang 2020.
Das Palmer Copper-Zinc Project in Alaska meldete signifikante Bohrergebnisse, einschließlich Durchschlägen von bis zu 43,8 m mit einem Gehalt von 6,54% Cu. Die aktualisierte Schätzung der mineralischen Ressourcen zeigt angezeigte Ressourcen von 4,77 Millionen Tonnen mit 1,69% Kupfer und abgeleitete Ressourcen von 12 Millionen Tonnen mit 0,57% Kupfer.
Das Madison Copper-Gold Project in Montana, das zuvor 2,7 Millionen Pfund Kupfer mit Gehalten von 20-30% produziert hat, zeigte kürzliche Bohrhighlights, darunter 8,14 m mit 3,66% Cu. Unterirdische Probenahmen ergaben Gehalte von bis zu 45,50% Cu. Mit 16 Millionen Dollar in der Kasse plant das Unternehmen ein Phase-II-Bohrprogramm von 3.000 Metern in Madison, das im März beginnen soll.
- Strong treasury position of $16M as of January
- High-grade copper intercepts at Palmer up to 6.54% Cu over 43.8m
- Significant resource update at Palmer with 4.77M tonnes Indicated
- Madison historic production of 2.7M lbs copper at 20-30% grades
- Strategic positioning for potential US copper tariffs
- Palmer's Inferred resource shows lower grades (0.57% Cu) compared to Indicated (1.69% Cu)
- Dependent on implementation of copper tariffs for market advantage
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") highlights the strengthening bull case for copper in light of recent US policy developments and how the Company's US-based copper assets are strategically positioned to benefit from these trends.
President Trump said on Sunday, that he would impose
The Financial Times recently reported that premiums for US copper futures have widened to over US
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Warwick Smith, CEO of American Pacific, commented: "The current market dynamics and US policy trends underscore the strategic value of our US-based copper assets. With projects like our Madison Copper-Gold project in Montana, and Palmer Copper-Zinc project in Alaska, we are well-positioned to potentially supply the growing domestic demand for copper, a critical metal for the US economy and clean energy transition."
Palmer Copper-Zinc VMS Project, Alaska
Last year, American Pacific reported the highest-grade copper intercepts ever drilled at its Palmer project, including:
- CMR23-172 Zone 1: 43.8 m grading
6.54% Cu,3.15% Zn, 0.42 g/t Au and 27.97 g/t Ag (8.22% CuEq)
- CMR23-167 Zone 1: 37.1 m grading
4.57% Cu,8.44% Zn, 0.50 g/t Au and 29.33 g/t Ag (8.40% CuEq)
- CMR23-169 Zone 1: 33.2 m grading
5.48% Cu,7.22% Zn, 0.64 g/t Au and 36.78 g/t Ag (8.95% CuEq)
- CMR23-171 Zone 1: 23.9 m grading
9.03% Cu,3.49% Zn, 0.83 g/t Au and 41.75 g/t Ag (11.15% CuEq)
Notes: Cu = copper; Au = gold; g/t = grams per tonne
Additionally, the Company recently published an updated mineral Resource estimate on the project, which showed a substantial increase in contained copper (see January 20, 2025 news release).
Palmer 2025 Mineral Resource Estimate
Indicated: 4.77 million tonnes at
1.69% copper,5.17% zinc,0.14% lead, 28.4 g/t silver, 0.29 g/t gold,20.6% barite (3.5% copper equivalent or13.2% zinc equivalent)Inferred: 12.00 million tonnes at
0.57% copper,3.92% zinc,0.47% lead, 66.3 g/t silver, 0.33 g/t gold,25.5% barite (3.1% copper equivalent or8.9% zinc equivalent)
Madison Copper-Gold Project, Montana
The high-grade Madison Project was host to small-scale production in the early 2000s with 2.7 million pounds of copper produced at grades ranging from 20
8.47 metres of
40.03% Cu61.63 metres of
6.97% Cu
More recent drilling returned additional high-grade intercepts which confirmed the presence of widespread mineralization beyond what was historically mined (see September 23, 2024 news release).
Phase I 2024 Drill Highlights:
8APMMAD24-09: 8.14 metres of
3.66% Cu, 29.72 metres of2.09% Cu and 9.75 metres of1.56% Cu, within a broader 75.13-metre zone of0.98% CuAPMMAD24-08: 2.90 metres of
2.41% Cu and 3.17 g/t AuAPMMAD24-06: 12.34 metres of
0.88% Cu and 10.36 g/t Au
Underground sampling of the old mine workings also returned high grades (see September 26, 2024 news release).
Sample Highlights:
- MADZH24-003:
45.50% Cu and 2.17 g/t Au
- MADZH24-001:
31.00% Cu and 8.40 g/t Au
- MADZH24-002:
23.30% Cu and 1.90 g/t Au
- MADZH24-004:
3.19% Cu and 0.14 g/t Au
With
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious and base metals explorer focused on opportunities in the Western United States. The Company has two flagship assets: the Madison Project, a high-grade past-producing copper-gold project in Montana; and the Palmer Project, a copper-zinc Volcanic Massive Sulphide-Sulphate (VMS) project in Alaska. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for 'Deal of the Year' at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories.
Also, in American Pacific's asset portfolio are high-grade, precious metals projects located in key mining districts in Nevada, USA, including the Ziggurat Gold Project and the Tuscarora Gold-Silver District. The Company's mission is to grow by the drill bit, strategic partnerships, and M&A.
On behalf of the American Pacific Mining Corp Board of Directors:
Warwick Smith, CEO & Director
Corporate Office: Suite 910 - 510 Burrard Street
Vancouver, BC, V6C 3A8 Canada
Investor relations contact:
Kristina Pillon, High Tide Consulting Corp.
604.908.1695 / Kristina@americanpacific.ca
Media relations contact:
Adam Bello, Primoris Group Inc.
416.489.0092 / media@primorisgroup.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242574
FAQ
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