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 reported high-grade underground sampling results from its 100%-owned Madison Copper-Gold Project in Montana. The company collected four samples from the upper levels of the Madison Mine, with highlights including:
- 45.50% Cu and 2.17 g/t Au
- 31.00% Cu and 8.40 g/t Au
- 23.30% Cu and 1.90 g/t Au
- 3.19% Cu and 0.14 g/t Au
The samples were taken across a 20-foot section, with each sample being five feet wide. CEO Warwick Smith emphasized that these high copper values demonstrate the grade potential of the Madison mineralized system. The company has also commenced a comprehensive geological exploration program aimed at identifying new mineralized zones and expanding known areas of interest. This program will inform future drilling and exploration plans.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has announced high-grade drill results from its Madison Copper-Gold Project in Montana. Key findings include:
- APMMAD24-06: 12.34 m of 10.36 g/t Au and 0.88% Cu, including 30.96 g/t Au over 3.66 m
- APMMAD24-09: 3.66% Cu over 8.14 m, 29.72 m of 2.09% Cu and 9.75 m of 1.56% Cu
The results show open-ended mineralization to the west, south, and at depth. The company plans to expand exploration in Phase II, targeting the Rader Creek contact, which extends over 1 km west and 2 km southeast. The findings suggest potential for both epithermal and porphyry-style mineralization on the property.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has completed a radiometric survey at its 100%-owned Madison Copper-Gold Project in Montana. The survey covered 462 line kilometers of drone flight with 25-metre spacing, aiming to identify potassium anomalies essential for porphyry formation. This innovative approach to skarn/porphyry exploration is expected to provide valuable data for planning a larger Phase III regional exploration program.
Managing Director of Exploration, Eric Saderholm, highlighted the unique application of radiometric technology in copper and gold exploration, emphasizing its potential to reveal regional targeting information that traditional mapping cannot provide. The survey was prompted by the historic documentation of uraninite within the Madison Skarn mineralization and a strong correlation between copper and uranium in the skarn minerals.
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) has completed its 2024 drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska. The program, part of a CAD $17.5 million exploration budget, included 6,035.9 meters of drilling across 19 holes. It aimed to expand on the 2023 results, which yielded significant copper intercepts, including 43.8 m of 6.54% copper. The drilling focused on expanding the South Wall Zone and testing the North Wall Target. 1,353 samples have been submitted for analysis, with results pending. The program was completed ahead of schedule with zero incidents, demonstrating improved drilling productivity.
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.
