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. (OTCQX: USGDF) is a precious and base metals explorer and developer focused on projects in the Western United States. Its news flow reflects activity across a portfolio that includes the flagship Madison Copper-Gold Project in Montana, advanced-stage and past-producing assets in Nevada, and transaction-driven exposure to the Palmer Copper-Zinc VMS Project in Alaska.
Company news releases cover exploration updates, technical reporting and corporate transactions. For Madison, American Pacific has reported staking and amending claims around the project area, as well as drill results that highlight high-grade copper and gold mineralization. In Nevada, the company has announced an updated NI 43-101 technical report for the Gooseberry Silver-Gold Project and provided detailed drilling results from that low sulphidation epithermal vein system.
Corporate and transaction-related news includes the sale of the Palmer Project to Vizsla Copper Corp. in exchange for equity and milestone-based payments, and an arrangement agreement under which ICG Silver & Gold Ltd. will acquire the Tuscarora and Danny Boy projects in Nevada. These announcements outline consideration structures, contingent payments and the distribution of shares in partner companies to American Pacific shareholders.
Additional releases address matters such as share issuances to former employees under employment agreements and commentary on broader sector developments, including the designation of copper and barite as critical minerals in the United States and how that relates to projects like Madison and Palmer. Investors and observers can use this news page to review historical and ongoing disclosures about exploration results, technical reports, asset sales, equity positions and corporate actions involving American Pacific Mining Corp.
American Pacific Mining (OTCQX:USGDF) has announced a live investor webinar scheduled for July 30, 2025, at 1:00 PM ET / 10:00 AM PT. During the presentation, the company's senior management team will provide a corporate update to investors, analysts, and other interested parties.
The webinar will be recorded and made available for those unable to attend the live session.
American Pacific Mining (OTCQX: USGDF) has reported significant drilling results from its Madison Project's first phase of 2025 drilling. The program's first two holes revealed impressive gold grades, with APMMAD-25-02 intersecting 23.2 g/t Au over 1.5m within a broader 19.8m interval averaging 2.0 g/t Au, and a second zone with 11.3 g/t Au over 1.5m within 10.7m of 2.1 g/t Au.
The drilling results extend mineralization beyond the historical Broadway Mine area, which historically produced 144,000 oz at 9.9 g/t Au. Notably, the findings show classic porphyry pathfinder mineralization, including elevated molybdenum values of 33 ppm over 7.62m, suggesting the presence of a potentially significant porphyry system within the Idaho-Montana Porphyry Belt.
American Pacific Mining (OTCQX: USGDF) has announced a one-year extension for 3,888,849 common share purchase warrants originally issued on August 12, 2021. The warrants' expiration date will be extended from August 12, 2025, to August 12, 2026, while maintaining the exercise price of $0.34 per share.
The extension includes warrants held by a 10% company insider, qualifying as a related party transaction under MI 61-101. The company is utilizing exemptions from formal valuation and minority shareholder approval requirements, as the transaction value is below 25% of the company's market capitalization.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has initiated a 3,000-metre drill program at its 100%-owned Madison Copper-Gold Project in Montana. The program targets five priority areas, focusing on porphyry concepts and skarn extensions near known mineralization.
The drilling includes the Broadway mine area, which historically produced 144,000 ounces of gold from surface oxide mineralization between 1880-1950. The campaign will test previously unexplored sulfide mineralization and regional shallow discovery targets. Key aspects include leveraging the Silverstar Fault Complex and Induced Polarization surveys to guide targeting.
The program includes four drill holes targeting two porphyry targets: one beneath the historical Madison Mine and another regional target to the southwest. The project focuses on testing the contact zone between Madison limestone and quartz monzonite intrusive, which has shown high-grade copper-gold values in surface sampling.
American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) has received permit approval for a focused 3,000 metre drill program at its Madison Copper-Gold project in Silver Star, Montana, set to begin in early Q2/2025.
The program will explore two porphyry targets, multiple skarn extensions, and high-grade fault systems. The Madison Project has undergone extensive review, integrating decades of exploration data, revealing five priority target areas for a district-wide exploration strategy.
The exploration will focus on the Silverstar Fault Complex, identified as a critical control on mineralization. Induced Polarization (IP) surveys have revealed significant geophysical anomalies along the fault system, highlighting prospective zones for skarn, porphyry, and orogenic mineralization in undrilled areas.
American Pacific Mining (OTCQX: USGDF) has filed an updated NI 43-101 Technical Report for its Palmer Copper-Zinc Project in Southeast Alaska. The new Mineral Resource Estimate (MRE) shows significant improvements:
Indicated Resources: 4.77 million tonnes containing:
- 178.0M pounds of copper (1.69%)
- 543.0M pounds of zinc (5.17%)
- 14.2M pounds of lead (0.14%)
- 4.4M ounces of silver (28.4 g/t)
- 43.9K ounces of gold (0.29 g/t)
- 980.4K tonnes of barite (20.6%)
Notable increases include a 16% rise in contained copper (24M pounds) and 14% increase in copper grade. The Inferred Resources total 12.00 million tonnes with a 22% increase in contained copper (28M pounds).
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) has announced an updated Mineral Resource Estimate (MRE) for its 100% owned Palmer VMS Project in Southeast Alaska. The update shows significant increases in mineral resources:
Indicated resources total 4.77 million tonnes at 1.69% copper, 5.17% zinc, containing: 178.0M pounds of copper (16% increase), 543.0M pounds of zinc, 14.2M pounds of lead, 4.4M ounces of silver, 43.9K ounces of gold, and 980.4K tonnes of barite.
Inferred resources amount to 12.00 million tonnes at 0.57% copper, 3.92% zinc, containing: 151.5M pounds of copper (22% increase), 1,036.4M pounds of zinc, 125.2M pounds of lead, 25.6M ounces of silver, 128.1K ounces of gold, and 3,054.2K tonnes of barite.
American Pacific Mining Corp. has completed a significant transaction with Dowa Metals & Mining Alaska , acquiring 100% interest in the Palmer VMS Project in Alaska. As part of the deal, American Pacific received USD$10 million from Dowa in exchange for providing Dowa's affiliate an option to acquire up to 50% of zinc concentrate from future production. The Palmer Project is an advanced-stage copper-zinc-gold-silver exploration site located 60 kilometers from the Haines deep-sea port, with over USD$116 million invested to date. The project features road access and multiple drill-ready, high-grade prospects across 15 kilometers of mineral trends.
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