American Pacific Stock Price, News & Analysis

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced high-grade gold and copper rock chip sampling results from the Madison Copper-Gold Project in Montana, conducted by Kennecott Exploration, a Rio Tinto Group division. Significant results include samples with gold values up to 32.40 g/t Au and copper up to 6.90%. The exploration targets cover an 11 square kilometer area, with potential linked to the Silver Star Fault, which connects to Butte porphyry deposits. The company engaged Petergrandich.com/blog for marketing services for US$60,000 over six months.

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced successful work program updates for the Palmer Project in Alaska, with a total investment of US$68.7 million to date. The 2022 work program, costing US$10.4 million, included the completion of 60% of the underground access road, preparations for a 60-person camp, and a 3,546-metre drilling program. The Palmer Project hosts a National Instrument 43-101 compliant resource of 4.68 million tonnes at 10.2% zinc equivalent. The company, in partnership with Dowa, aims to finalize its 2023 budget and work plans soon.

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has invested US $1,497,537 to maintain a 41.08% stake in the Palmer VMS project in Alaska, in partnership with Dowa Metals & Mining. CEO Warwick Smith highlighted this as a commitment to the joint venture. The Palmer project hosts an indicated mineral resource of 4.68 million tonnes at 10.21% zinc equivalent, with a preliminary economic assessment indicating a US$266 million after-tax NPV. The project is positioned for further drilling and exploration in 2023.

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has released updates on the Tuscarora Project after completing 33 shallow drillholes totaling 5,515 meters. Notable findings include a third potential gold zone at South Navajo, with drill hole TS22-32 intersecting 2.48 g/t gold over 13.72 meters. Additionally, Modoc South revealed 6.89 g/t gold and 29 g/t silver over 1.52 meters. The company’s president expressed optimism about the discovery of a new gold-bearing sulfide system. Future drilling is planned to further explore these promising targets in early 2023.

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announces significant findings from the Madison Copper-Gold Project, following a study by a skarn expert commissioned by Rio Tinto. The expert identified a notable new target area that could enhance exploration efforts in 2023.

The skarn zone is reported to be up to 130 metres thick, with a mineralized footprint measuring approximately 2,100 by 650 metres. Recommendations include systematic testing of under-explored areas to expand mineralization potential.

American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQX: USGDF) has successfully completed its acquisition of Constantine Metal Resources Ltd. The Arrangement follows the plan announced earlier and was approved by the Supreme Court of British Columbia. Under this deal, Constantine shareholders received 0.881 shares of APM for each share held, valuing Constantine at approximately C$0.43 per share, a 48.6% premium based on historical trading data. Post-acquisition, APM’s shares outstanding reached 176,773,938, with over 33% now held by former Constantine shareholders.

American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQX: USGDF) has successfully secured approval from Constantine Metal Resources Ltd. shareholders for a planned acquisition through a plan of arrangement. The resolution achieved a remarkable 98.92% approval from those present at the meeting. Under the arrangement, Constantine shareholders will receive 0.881 American Pacific shares for each share held. The acquisition remains subject to the Supreme Court of British Columbia's approval, with a hearing set for October 27, 2022, and closing anticipated around October 31, 2022.

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) and Constantine Metal Resources Ltd. (TSXV: CEM) have announced the upcoming special meeting for a proposed acquisition. This follows the August 15 announcement regarding the purchase of all outstanding Constantine shares by American Pacific. The meeting is set for October 25, 2022, where securityholders will vote on the arrangement. Constantine shareholders will receive 0.881 shares of American Pacific for each share held. The transaction is expected to close around October 31, 2022, pending necessary approvals.

American Pacific Mining Corp. has filed its 43-101 technical report for the Madison Copper-Gold Project in Montana, in compliance with National Instrument 43-101. The report, dated September 15, 2022, was authored by a qualified geologist and is accessible on SEDAR. The company, focused on precious and base metals exploration, aims to advance this project in partnership with Kennecott Exploration Company. American Pacific also holds interests in other mining projects and has been nominated for prestigious industry awards, highlighting its growth potential.