American Pacific Reports Results from First Drill Holes at Madison: Including 38.25 Metres of 1.28% Copper and 1.22 g/t Gold and 32.71 Metres of 3.15 g/t Gold
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has reported assay results from the first three holes of its seven-hole Phase I drill program at the Madison Copper-Gold Project in Montana. Highlights include:
- APMMAD24-02: 38.25 m of 1.28% Cu and 1.22 g/t Au (2.34% Cu Eq)
- APMMAD24-05: 32.71 m of 3.15 g/t Au and 45.45 m of 0.96% Cu
- APMMAD24-01: 1.04 g/t Au over 17.04 m and 0.43% Cu over 17.37 m
The results demonstrate significant gold and copper mineralization extending beyond historical mined areas. CEO Warwick Smith stated that the broader than expected intervals highlight potential for mineralization left behind from historical mining. Future targeting for Phase II drilling will focus on possible expansion to the west and at depth.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) ha riportato i risultati delle analisi dei primi tre pozzi del suo programma di trivellazione di Fase I composto da sette pozzi presso il Madison Copper-Gold Project in Montana. I punti salienti includono:
- APMMAD24-02: 38,25 m con 1,28% Cu e 1,22 g/t Au (2,34% Cu Eq)
- APMMAD24-05: 32,71 m con 3,15 g/t Au e 45,45 m con 0,96% Cu
- APMMAD24-01: 1,04 g/t Au su 17,04 m e 0,43% Cu su 17,37 m
I risultati dimostrano una significativa mineralizzazione di oro e rame che si estende oltre le aree estratte storicamente. Il CEO Warwick Smith ha dichiarato che gli intervalli più ampi del previsto evidenziano il potenziale per la mineralizzazione rimasta dopo le estrazioni storiche. La futura pianificazione per la trivellazione di Fase II si concentrerà su una possibile espansione verso ovest e in profondità.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) ha reportado resultados de análisis de los primeros tres pozos de su programa de perforación de Fase I de siete pozos en el Madison Copper-Gold Project en Montana. Los puntos destacados incluyen:
- APMMAD24-02: 38.25 m de 1.28% Cu y 1.22 g/t Au (2.34% Cu Eq)
- APMMAD24-05: 32.71 m de 3.15 g/t Au y 45.45 m de 0.96% Cu
- APMMAD24-01: 1.04 g/t Au sobre 17.04 m y 0.43% Cu sobre 17.37 m
Los resultados demuestran una mineralización significativa de oro y cobre que se extiende más allá de las áreas de extracción históricas. El CEO Warwick Smith afirmó que los intervalos más amplios de lo esperado destacan el potencial para la mineralización que quedó de las explotaciones históricas. La futura planificación para la perforación de la Fase II se centrará en una posible expansión hacia el oeste y en profundidad.
미국 태평양 광업 주식회사(American Pacific Mining Corp) (CSE: USGD) (OTCQX: USGDF)는 몬태나의 매디슨 구리-금 프로젝트(Madison Copper-Gold Project)에서 7개의 구멍으로 구성된 1단계 드릴 프로그램의 첫 3개 홀에 대한 분석 결과를 보고했습니다. 주요 내용은 다음과 같습니다:
- APMMAD24-02: 38.25m의 1.28% Cu 및 1.22 g/t Au (2.34% Cu Eq)
- APMMAD24-05: 32.71m의 3.15 g/t Au 및 45.45m의 0.96% Cu
- APMMAD24-01: 17.04m에서 1.04 g/t Au 및 17.37m에서 0.43% Cu
결과는 역사적으로 채굴된 지역을 넘어서는 상당한 금 및 구리 광물이 존재함을 나타냅니다. CEO인 워릭 스미스( Warwick Smith)는 예상보다 넓은 간격이 역사적인 채굴로 인해 남겨진 광물화의 잠재력을 강조한다고 말했습니다. 2단계 드릴링을 위한 향후 목표는 서쪽과 깊이로의 확장 가능성에 초점을 맞출 것입니다.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) a rapporté les résultats d'analyse des trois premiers trous de son programme de forage de Phase I composé de sept trous au Madison Copper-Gold Project dans le Montana. Les points forts comprennent :
- APMMAD24-02 : 38,25 m à 1,28 % Cu et 1,22 g/t Au (2,34 % Cu Eq)
- APMMAD24-05 : 32,71 m à 3,15 g/t Au et 45,45 m à 0,96 % Cu
- APMMAD24-01 : 1,04 g/t Au sur 17,04 m et 0,43 % Cu sur 17,37 m
Les résultats démontrent une minéralisation significative de l'or et du cuivre qui s'étend au-delà des zones exploitées historiquement. Le PDG Warwick Smith a déclaré que les intervalles plus larges que prévu mettent en évidence le potentiel de minéralisation laissée par les exploitations historiques. La future planification pour le forage de Phase II se concentrera sur une éventuelle expansion vers l'ouest et en profondeur.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) hat die Analyseergebnisse der ersten drei Löcher ihres sieben Loch umfassenden Bohrprogramms der Phase I im Madison Copper-Gold-Projekt in Montana veröffentlicht. Die Highlights umfassen:
- APMMAD24-02: 38,25 m mit 1,28% Cu und 1,22 g/t Au (2,34% Cu Eq)
- APMMAD24-05: 32,71 m mit 3,15 g/t Au und 45,45 m mit 0,96% Cu
- APMMAD24-01: 1,04 g/t Au über 17,04 m und 0,43% Cu über 17,37 m
Die Ergebnisse zeigen eine signifikante Gold- und Kupfermineralisierung, die über die historisch abgebauten Bereiche hinausgeht. CEO Warwick Smith erklärte, dass die breiteren als erwarteten Intervalle das Potenzial für gebliebenen Mineralisierungsanteile aus dem historischen Bergbau hervorheben. Zukünftige Zielsetzungen für die Bohrung der Phase II werden sich auf eine mögliche Expansion nach Westen und in die Tiefe konzentrieren.
- Significant gold and copper mineralization found beyond historical mined areas
- High-grade intersections: 38.25 m of 1.28% Cu and 1.22 g/t Au, 32.71 m of 3.15 g/t Au
- Potential for expansion to the west and at depth identified
- Broader than expected intervals suggest opportunity to define significant concentrations of both copper and gold
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or "the Company") is pleased to report assay results from the first three (3) holes of the Company's seven (7) hole Phase I drill program at its Madison Copper-Gold Project in Montana. The Phase I drilling program, which is now complete, focused on extending mineralization near previously mined areas with the goal of demonstrating significant gold and copper mineralization beyond the historical mine workings.
Highlights:
APMMAD24-02: 38.25 m of
1.28% Cu and 1.22 g/t Au (2.34% Cu Eq)**, including2.08% Cu and 2.43 g/t Au over 7.86 m (see Figure 1)APMMAD24-05: 32.71 m of 3.15 g/t Au, including 7.32 m of 9.90 g/t Au; and 45.45 m of
0.96% Cu, including 16.00 m of 2.02 % CuAPMMAD24-01: 1.04 g/t Au over 17.04 m within a broader mineralized envelope of 32 m at 0.76 g/t Au. Multiple zones of Cu mineralization with
0.43% Cu over 17.37 m, including1.39% Cu over 3.05 m
*Notes: m = metres; g/t = grams per tonne; Au = gold; Cu = copper
**The copper equivalence estimate used for APMMAD24-02 is assumed to be in-situ using US
"These initial results have demonstrated that significant amounts of gold and copper mineralization extend well beyond the historical mined areas. In addition, the broader than expected intervals highlight the potential for mineralization left behind from historical mining that operated at a much higher cut-off grade," commented CEO, Warwick Smith. "We eagerly await further assay results, which we expect will continue to demonstrate the opportunity to define significant concentrations of both copper and gold."
Figure 1. Plan map showing gold and copper results from Holes 1, 2 and 5
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10322/222063_a12994a684681b7a_001full.jpg
Initial Observations and Interpretations
Past mining practices were heavily based on metallurgy, visual mining, and processing capabilities at that time. Substantial high-grade copper and gold mineralization, that was not included in the previous operator's mine plan, remains in close proximity to mine workings. This Phase I drill program offers both near-mine exploration potential and expansion opportunities, but more importantly helps vector the Company into a more focused district-scale evaluation. Future targeting for Phase II drilling will focus on a possible expansion to the west and at depth (see Figure 2) where targets remain open and untested.
Figure 2. Section showing multiple copper and gold intervals from APMMAD24-05
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https://images.newsfilecorp.com/files/10322/222063_a12994a684681b7a_002full.jpg
Table 1. Gold and copper drill results from Phase I (See "Notes" below)
| Hole ID | From (m) | To (m) | Interval (m) | Au g/t | Cu % |
| APMMAD24-05 | 29.6 | 62.3 | 32.71 | 3.15 | 0.01 |
| including | 48.8 | 56.1 | 7.32 | 9.90 | 0.01 |
| and | 110.9 | 124.4 | 13.44 | 1.12 | 2.11 |
| and | 93.6 | 139.0 | 45.45 | 0.45 | 0.96 |
| including | 106.7 | 122.7 | 16.00 | 1.11 | 2.02 |
| also including | 110.9 | 113.7 | 2.74 | 1.94 | 7.10 |
| | |||||
| APMMAD24-02 | 97.1 | 135.3 | 38.25 | 1.22 | 1.28 |
| including | 98.3 | 106.2 | 7.86 | 2.43 | 2.08 |
| | |||||
| APMMAD24-01 | 19.0 | 37.9 | 18.93 | 0.24 | 0.00 |
| and | 59.1 | 91.1 | 32.00 | 0.76 | 0.35 |
| including | 72.7 | 89.7 | 17.04 | 1.04 | 0.16 |
| and | 62.0 | 74.2 | 12.22 | 0.54 | 0.44 |
| including | 62.0 | 67.1 | 5.06 | 0.42 | 0.70 |
| and | 85.3 | 102.7 | 17.37 | 0.49 | 0.43 |
| including | 87.5 | 90.5 | 3.05 | 0.64 | 1.39 |
Notes: Sufficient work has not been completed to determine true widths for the intervals reported. All intervals are reported as core length.
Additional results from the Phase I program are expected in the coming weeks.
Madison Project Sampling and Analysis Quality Assurance and Quality Control Statement
At the Madison Project, the Company is committed to maintaining high standards of accuracy and reliability in our sampling and analysis procedures. The following Quality Assurance and Quality Control (QAQC) measures are employed in our sampling and analysis processes.
Analytical Methods for the project include:
50AR-MS - 50 Element Suite using a 0.5g Aqua Regia (AR) digestion followed by ICP-MS (Inductively Coupled Plasma Mass Spectrometry)
AUAG-GR30 - Au and Ag Analysis with a 30g fire assay with a gravimetric finish
Au-FA30 - Au Analysis using a 30g fire assay combined with AQR digestion, followed by Atomic Absorption Spectroscopy (AAS) or Optical Emission Spectroscopy (OES)
OLAR-OES - Over limits Aqua Regia Digestion & Analysis in instances where elemental concentrations exceed standard ranges
PA-AU02 - PhotonAssay™ to duplicate gold assays
S-LECO - Total Sulfur Analysis using the LECO method
Sampling Methodology:
Whole core sampling has been adopted in specific contexts to mitigate the effects of sample variability and reduce any "nuggetting" effect.
Quality Control Measures:
To ensure reliability and accuracy stringent QAQC protocols are followed including:
Use of Certified Reference Materials (CRMs) at a rate of 1:20
Replicate Analysis are performed to ensure accuracy
Blanks are inserted at a rate of 1:20
Qualified Person
Technical aspects of this press release have been reviewed and approved by the designated Qualified Person under National Instrument 43-101, Managing Director of Exploration, Eric Saderholm, P.Geo.
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 Sulphide-Sulphate (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. 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 project. The Company's mission is to grow by drill bit and by acquisition.
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
Full disclosure can be found in our NI 43-101 Technical Report for the Madison Project at (www.americanpacificmining.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/222063
FAQ
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