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 Corp (CSE: USGD / OTCQX: USGDF) announced high-grade assay results from its 2022 rock sampling at the Tuscarora Project in Nevada. Out of 22 samples, 7 yielded no gold or silver, while the highest-grade sample recorded was 205.83 g/t Au from the Repo Vein target. Drilling commenced on May 22, 2022, focused on this area. The company's president highlighted strong gold and silver values in newly tested areas, indicating potential for further exploration. American Pacific aims to expand through drilling and acquisitions.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced progress on its Tuscarora Gold Project in Nevada, having completed 13 of a planned 70 holes in a 17,000 metre drill program. Initial assay results are pending, with significant findings of high-grade gold and silver reported in previous samples. The company staked an additional 53 claims, expanding the project to 268 claims over 5,370 acres. New sampling and assaying procedures will address discrepancies in assay results, leading to delays but aiming for more accurate measurements.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) has expanded its South Lida Project in Nevada by staking an additional 64 claims, bringing the total land package to 1,500 acres. A new sampling program is set to evaluate these claims, contributing to an updated NI 43-101 Technical Report expected later this year. Historical sampling has returned significant gold, silver, and copper values, indicating the project's potential. The company seeks a joint venture partner to advance exploration activities.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announces a soil sampling program at its Gooseberry Silver Project, covering approximately 827 acres, to enhance drill targeting ahead of a CAD $2.5 million drill program planned for later this year. The initiative includes collecting 4,161 soil samples, of which 536 are already submitted for assay. The results will refine targets for Phase II drilling scheduled for late 2022 following successful Phase I drilling in 2021, which revealed multiple mineralized veins.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced a preliminary exploration program for its Madison Copper-Gold Project in Montana. Following a successful 2021 campaign, the company is collaborating with Kennecott Exploration to build a 3-D geologic model of the area. The 2022 program will focus on gold mineralization and include an in-depth review by a skarn expert. In 2021, KEX executed a $2.7 million drilling program, yielding high-grade results, notably 14.44 g/t gold over 6.53 m in drill hole MADN0033.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced promising results from its 2021 drill program at the Gooseberry Silver Project in Nevada. The Phase I program consisted of 15 holes and 4,581 meters of drilling, with significant findings including a new vein identified close to known mineralization. Notably, drill hole GB21-09 revealed 17.5 m of 95.5 g/t silver and 0.94 g/t gold. The company is advancing to a Phase II drilling program and plans a geochemical sampling program to refine future targets.
American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF) announced the commencement of trading on the OTCQX Best Market from February 25, 2022. This move signifies an upgrade from the OTCQB, aiming to enhance visibility and accessibility for U.S. investors. The OTCQX is known for its high standards, offering value and convenience to investors. CEO Warwick Smith emphasized that this upgrade will improve liquidity and shareholder value, supported by the company's strong strategic and operational framework.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has announced the expansion of its Tuscarora Gold Project by staking 47 new claims covering 971 acres in Elko County, Nevada. The Company plans to initiate a CAD $5 million drilling program, consisting of up to 70 holes (17,000 meters), targeting high-grade gold. The expanded project now consists of 215 claims totaling 4,272 acres, featuring high-grade gold and silver veins. Previous drilling yielded significant intercepts, including 4.57 meters at 127.08 g/t gold. The Company aims to enhance exploration efforts in 2022.
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