AMERICAN PACIFIC MNG - USGDF STOCK NEWS

American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has provided an update on two ongoing drill programs at its Madison Copper-Gold Project in Montana and Palmer Copper-Zinc VMS Project in Alaska. The Madison program was expanded from 5 to 7 holes, completing 3,452 feet of drilling. Native copper was observed in several drill holes, with results expected in Q3 2024. At Palmer, 9 out of 14 planned holes have been completed as part of a CAD $17.5 million exploration budget for 2024.

The Palmer project builds on last year's success, which included the four most significant copper intercepts ever drilled at the site. The company aims to expand on the current mineral resource estimate of 4,677 tonnes at 3.92% CuEq (Indicated) and 9,594 tonnes at 3.40% CuEq (Inferred). American Pacific reports a strong balance sheet with CAD $6.17 million as of April 2024, fully funding both drill programs.

American Pacific Mining has started a 2024 diamond drill program at its Palmer Copper-Zinc VMS Project in Alaska, in partnership with Dowa Metals & Mining. The 2023 exploration program reported significant findings, with copper intersections at 6.54% and 9.03% over various lengths. The 2024 program aims to expand the known mineralized area and explore regional prospects, with a budget of CAD $17.5 million (USD $12.8 M) for a 5,100-metre drill program. CEO Warwick Smith and Senior VP Peter Mercer expressed optimism about the project's potential in critical metals.

American Pacific Mining has mobilized a drill rig to its Madison Copper-Gold Project in Montana for a CAD $1.5 million, five-hole, 1,350-meter drill program. Phase I targets extending a known mineralized zone with historical intercepts of 14.69 meters of 12.10 g/t gold and 61.63 meters of 6.97% copper. Additionally, the company will explore highly prospective undrilled areas. Phase II will follow positive Phase I results and test deeper regional targets. Historical surface gold values up to 48.5 g/t hint at a concealed mineralized system. Assay results are expected in Q3 2024.

American Pacific Mining Corp (USGDF) announces a $20 million exploration budget for 2024, focusing on high-grade copper projects in Alaska and Montana. With a strong treasury and joint venture partnerships, the company plans significant exploration work to enhance shareholder value.

American Pacific Mining Corp (USGDF) closes a $4,500,000 non-brokered private placement, issuing 22,500,000 units at $0.20 per unit. The funds will be used for exploration and development of various projects. Insiders purchased 150,000 units in the placement.

American Pacific Mining Corp's subsidiary Constantine North Inc. submits a five-year Plan of Operations for the Palmer VMS Project in Southeast Alaska, aiming to evaluate the environmental, social, technical, and economic aspects of the mineral deposits. The Project is a joint venture with DOWA Metals & Mining Alaska , and the Plan outlines work programs for pre-feasibility data gathering and environmental assessment.

American Pacific Mining Corp announces 2024 budget and resource expansion-focused work program at the Palmer Project in Alaska. The program aims to expand high-grade copper mineralization, with a $12.8 million budget for drilling and exploration. The company plans to update the mineral resource estimate by year-end.

American Pacific Mining Corp. provides an update on its Madison Copper-Gold Project in Montana, outlining a comprehensive exploration program for 2024. The company plans a Phase I diamond drilling program, detailed scientific groundwork, and incorporation of new data to expand mineral inventory. The program aims to confirm and extend high-grade mineralization, with a focus on near-deposit areas and regional targets. CEO Warwick Smith highlights the rarity of copper and gold grades at Madison, emphasizing the company's commitment to maximizing shareholder value through exploration efforts.

American Pacific Mining Corp. has announced the discontinuation of the 11-year Madison earn-in agreement with Kennecott Exploration Company, resulting in the Company regaining 100% ownership and control of the Madison Mine Project. The Company plans to commence a permitted drill program targeting high-grade copper and gold as soon as weather permits. The Madison Project has shown promising results in previous drilling, and the 2024 drill program aims to confirm and extend mineralization encountered in historical drilling.