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American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) is a precious and base metals explorer and developer focused on opportunities in the Western United States. The company owns two flagship assets: the Palmer Project, a high-grade volcanogenic massive sulphide project in Alaska under a joint venture with DOWA Metals & Mining Alaska Ltd, and the Madison Project, a copper-gold project in Montana. In 2024, American Pacific raised $4.5 million through a private placement and plans to spend up to $20 million on exploration. The Palmer Project recently submitted a Plan of Operations outlining field activities until 2028, with a focus on environmental, social, technical, and economic aspects. The company's mission is to grow through drill bit exploration, strategic partnerships, and acquisitions.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) reports the third and final batch of assay results from the 2023 resource definition and geotechnical drill programs at the Palmer Project in Alaska, USA. The results include significant copper, zinc, gold, and silver grades, extending mineralization beyond the current resource estimate. The company's subsidiary, Constantine North Inc., successfully targeted high-priority areas in two unique mineralized lenses, with the potential for mineral resource expansion and improved feasibility-level drill space requirements.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) has received permits to commence drilling at the Madison Copper-Gold Project in Montana, USA. The five-hole diamond drill campaign is expected to start in Q1, 2024, aiming to define and expand on known high-grade copper and gold mineralization. Previous drilling returned intersections of 14.44 g/t gold over 6.53 m and 6.97% copper over 61.63 m.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) reported the results of the 2023 Phase II rock and grab sampling program at the recently acquired Danny Boy claims and western portion of the Tuscarora Project. Of the 218 samples collected, forty exceeded 1 g/t gold with the highest value of 100.84 g/t Au. The acquisition of Danny Boy in 2023 completed the consolidation of the Tuscarora District, making it the largest land package in the recent history of the district at 6,365 acres.
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American Pacific Mining Corp (USGD) appoints Ali Hakimzadeh as independent director, shortlisted for Resourcing Tomorrow Outstanding Achievement Awards, and grants 5.7M incentive stock options.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) reports positive assay results from the 2023 resource definition and geotechnical drilling program at the Palmer Project in Alaska, showing significant copper and zinc mineralization, exceeding expectations. The company is pleased with the results, looking forward to more assay results later this year and continued collaboration with Dowa Metals and Mining in 2024.
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American Pacific Mining Corp announces initial assay results from the Palmer Project, highlighting copper-zinc rich mineralization. The 2023 drilling program has been successfully completed, exceeding expectations in grades and thickness.
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American Pacific Mining Corp announces continuation of drilling at the Christmas/Red Creek Target area during demobilization of the 2023 mountain drilling program. The regional exploration upside and potential for additional discoveries at Palmer is considered excellent. The US$25.5 million 2023 program has been funded by joint venture partner Dowa Metals & Mining Co., Ltd.
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American Pacific Mining Corp to commence diamond drill campaign at Madison Copper-Gold Project in Montana. Aims to define near-surface, high-grade copper and gold mineralization. Kennecott Exploration Company has spent $6.8M at the project and may earn up to 70% by spending $30M by 2030. Drill program in process of being permitted.
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American Pacific Mining Corp completes first phase of sampling and property evaluation at Danny Boy Project, expanding and consolidating property to over 25 km² in the Tuscarora District. Previous samples returned values up to 20 g/t gold with 3 initial target areas identified. Discussions with potential joint-venture partners initiated. Controls over 2,560 hectares of claims. Ongoing field work expected to generate additional targets. Next phase of drilling could start in Q4/2023.
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American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) provides an update on the ongoing activities at its Palmer Project near Haines, Alaska. The $25.5 million 2023 program, funded by Dowa Metals & Mining Co., Ltd, is progressing well, with drilling progress ahead of schedule and significant mineralization observed. The company aims to build necessary resources to complete feasibility-level engineering studies on the Project in the coming years. The 2023 diamond drill program is targeting high-priority areas in two unique mineralized lenses, providing valuable insights for future discovery-focused drilling throughout the mineralized district.
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FAQ
What is the current stock price of AMERICAN PACIFIC MNG (USGDF)?
The current stock price of AMERICAN PACIFIC MNG (USGDF) is $0.1634 as of January 23, 2025.
What is the market cap of AMERICAN PACIFIC MNG (USGDF)?
The market cap of AMERICAN PACIFIC MNG (USGDF) is approximately 33.7M.
What is American Pacific Mining Corp focused on?
American Pacific is a precious and base metals explorer and developer with a focus on opportunities in the Western United States.
What are the company's flagship assets?
The company owns the Palmer Project in Alaska, a high-grade volcanogenic massive sulphide project, and the Madison Project, a copper-gold project in Montana.
How much did American Pacific raise through a private placement in 2024?
American Pacific raised $4.5 million through a private placement in 2024.
What are the company's plans for exploration in 2024?
The company plans to spend up to $20 million on exploration activities in 2024.
What recent activity has the Palmer Project undertaken?
The Palmer Project recently submitted a Plan of Operations outlining field activities until 2028, focusing on various aspects for potential development.
What is the company's mission?
American Pacific aims to grow through drill bit exploration, strategic partnerships, and acquisitions.
Who is the joint venture partner for the Palmer Project?
DOWA Metals & Mining Alaska Ltd. is the joint venture partner for the Palmer Project.
What awards was American Pacific nominated for in 2021 and 2022?
The company was selected as a finalist for 'Deal of the Year' at the S&P Global Platts Metals Awards in both 2021 and 2022.
Where can I find more detailed information about the company's projects?
You can find more detailed information in the NI 43-101 Technical Report for the Palmer Project at americanpacificmining.com.
How can I contact American Pacific Mining Corp for investor relations?
For investor relations, you can contact Kristina Pillon at 604.908.1695 or media relations contact Adam Bello at 416.489.0092.
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