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.
About American Pacific Mining Corp
American Pacific Mining Corp (OTCQX: USGDF) is a junior mining exploration and development company focused on precious and base metals, with a strategic emphasis on high-grade copper, gold, zinc, and silver deposits in the Western United States. The company’s mission is to identify and advance world-class mineral projects through exploration, strategic partnerships, and acquisitions.
Flagship Projects
Palmer Copper-Zinc VMS Project (Alaska)
The Palmer Project, located in Southeast Alaska, is a Volcanogenic Massive Sulphide (VMS) deposit with significant copper, zinc, gold, and silver mineralization. The project is road-accessible and situated near a deep-sea port, offering logistical advantages. Palmer has demonstrated district-scale potential, with over 15 kilometers of favorable mineral trends and multiple high-grade prospects. Recent drilling has highlighted exceptional copper grades, and an updated NI 43-101 Mineral Resource Estimate (2025) reported:
- Indicated Resources: 4.77 million tonnes at 1.69% copper, 5.17% zinc, 28.4 g/t silver, and 0.29 g/t gold.
- Inferred Resources: 12.00 million tonnes at 0.57% copper, 3.92% zinc, 66.3 g/t silver, and 0.33 g/t gold.
The project’s high-grade polymetallic deposits and advanced exploration status make it a cornerstone of American Pacific’s portfolio.
Madison Copper-Gold Project (Montana)
The Madison Project, a past-producing copper-gold mine in Montana, showcases significant exploration upside. Historical mining focused on high-grade copper and gold, with grades ranging from 20-30% copper. Recent drilling has confirmed widespread mineralization, including:
- 8.14 meters of 3.66% copper and 29.72 meters of 2.09% copper.
- Underground sampling revealing copper grades exceeding 5% and gold grades up to 80.6 g/t.
The Madison Project offers potential for both near-mine resource expansion and district-scale discoveries.
Strategic Positioning
American Pacific’s assets are strategically located in mining-friendly jurisdictions in the US, aligning with increasing domestic demand for critical metals like copper and zinc. These metals are essential for renewable energy technologies, electric vehicles, and infrastructure development. The company’s focus on high-grade projects ensures competitive positioning within the junior mining sector.
Exploration and Development Approach
American Pacific employs a growth strategy centered on ‘drill bit success,’ strategic partnerships, and acquisitions. The company has demonstrated its ability to attract significant investment and technical expertise, as seen in its past joint venture with Dowa Metals at the Palmer Project. With a strong balance sheet and a commitment to advancing its flagship projects, American Pacific is well-positioned to create value through resource expansion and project development.
Commitment to Industry Standards
American Pacific adheres to rigorous exploration and reporting standards, including NI 43-101 compliance, ensuring transparency and reliability in its resource estimates. The company’s technical team includes Qualified Persons (QP) who oversee exploration programs and resource modeling, further enhancing its credibility.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced high-grade rock chip assay results from Kennecott Exploration's sampling program at the Madison Copper-Gold Project in Montana. The joint-venture project allows Rio Tinto to earn up to 70% by investing US $30 million. Seven samples showed significant skarn mineralization, with gold values ranging from 0.250 g/t to 124.5 g/t, averaging 21.6 g/t Au, while copper ranged from 0.006% to 0.264%, averaging 0.067%. This indicates potential for high-grade mineralization beyond previous findings.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced a private placement of up to 5,000,000 units at CAD $1.00 per unit, aiming for gross proceeds of up to CAD $5,000,000. Each unit comprises one common share and one-half warrant, allowing purchase of additional shares at $1.40 for 24 months. If shares exceed $2.00 for 10 consecutive days, warrants may expire early. The proceeds are earmarked for exploration at the Gooseberry and Tuscarora projects, potential acquisitions, and working capital.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has added a second drill rig to its Gooseberry Silver Project in Nevada. This reverse circular drill will work alongside the existing core drill, enhancing the drilling program at this historic silver-gold mine. Initial drilling has reached target depths, intersecting the main Gooseberry vein 528 feet east of previous mining areas. Following this program, both rigs will be deployed to test shallow gold targets at the Tuscarora Project. The company is well-funded and anticipates assay results later this year.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced promising results from a geophysics program at its Madison Copper-Gold project in Montana. Conducted by Kennecott Exploration, the downhole survey revealed electromagnetic anomalies indicating the potential continuation of high-grade copper mineralization. The survey suggests untested sulfide zones, particularly at depths in drill holes MADN0025, MADN0026, and MADN0028. President Eric Saderholm expressed optimism regarding the results, highlighting the potential for further mineralization.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has updated its Madison Copper-Gold Project in Montana, where it is in a joint venture with Kennecott Exploration Company. Recent activities include the collection of 61 rock chip samples revealing a mineralized zone 20 metres wide, alongside 1,677 soil samples indicating anomalous gold and copper values. The 2021 drilling program at Madison is complete, with assay results pending later in Q4 2021. The project shows promising geological features and potential for expanded mineralization.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has initiated drilling at its Gooseberry Silver Project in Nevada, marking the first drilling in 25 years. The program will involve 15 holes over 3,500 to 4,000 meters, targeting known high-grade mineralized zones and potentially expanding the Gooseberry vein. Results from this initial phase are expected to guide future drilling efforts. American Pacific anticipates that successful results may lead to the use of a second drill rig to accelerate the program.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has initiated its first drill program at the Gooseberry Silver-Gold project in Nevada. The program will consist of 15 holes, totaling 3,500 to 4,000 meters, aiming to explore known mineralized zones, including extensions of past high-grade areas. President Eric Saderholm highlighted the project's potential, referencing its historic high-grade mineralization. Gooseberry, a past-producing mine, has not undergone significant modern exploration since 1991 and boasts an undivided 100% interest with no royalties.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced the acquisition of 77 claims at the Tuscarora Gold Project from Ubica Gold Corp. This move effectively doubles the company's land package to 1,031 acres. Notable high-grade rock chip samples were reported, including a remarkable 21,032 g/t gold and 38,820 g/t silver from the Grand Prize Target. The acquisition involves the issuance of 3.7 million shares and a cash payment of $800,000, with a drill program expected to commence in late 2021. The transaction aligns with the company's strategy of growth through exploration and acquisition.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced a definitive agreement to acquire 77 claims at Tuscarora, expanding its land package to 1,031 acres. This acquisition doubles the size of its Tuscarora Gold Project and is expected to enhance exploration potential. Recent high-grade samples, including a remarkable 21,032 g/t gold, suggest significant mineralization across the property. The transaction involves issuing 3,700,000 shares and a cash payment of $800,000, subject to customary closing conditions.
American Pacific Mining has received final permits to start a drill program at the Gooseberry Silver Project in Nevada. The planned 15-hole drilling strategy, combining reverse circulation and diamond drilling, will target higher-grade mineralization areas detected during previous operations. The Gooseberry mine was active for nearly a century and holds promising historical samples, including up to 18.45 g/t Au and 595 g/t Ag. Additionally, the company announces the resignation of board member Norm Wareham. American Pacific aims to expand its operations and maximize shareholder value.
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