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 (USGDF) delivers focused exploration updates through this dedicated news hub. Track official announcements and developments from the company advancing high-potential copper-zinc and precious metals projects in Alaska's Palmer VMS system and Montana's Madison district.
This resource provides investors with timely access to operational milestones, including drilling results, resource estimates, and partnership developments. All content undergoes strict verification to ensure compliance with NI 43-101 technical reporting standards and financial disclosure requirements.
Key updates cover exploration progress at flagship projects, strategic joint venture announcements, and technical report publications. The curated feed serves as a centralized source for understanding the company's methodical approach to mineral resource development in established mining jurisdictions.
Bookmark this page for direct access to verified updates about USGDF's systematic exploration programs and asset development strategies. Regular monitoring ensures informed tracking of this active precious/base metals explorer's operational trajectory.
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.
American Pacific Mining Corp has leased the Red Hill property, located in Nevada's Cortez gold trend, from Nevada North Resources, Inc. This area has previously shown promising drill results, including 13.7 meters of 8.11 g/t gold. The lease is secured with an initial payment of $25,000 and subsequent payments over ten years. Upon production, a 3% net smelter royalty will be payable, with a buyback option. The Red Hill Property is expected to hold significant gold potential, indicated by its geological features and proximity to major gold deposits.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) has announced significant results from its Madison Copper-Gold project in Montana. A sampling program revealed high-grade gold and copper mineralization, with samples showing up to 29 g/t Au and 1.52% Cu. The company has a joint venture agreement with Rio Tinto, allowing them to invest US $30 million for a stake in the project. President Eric Saderholm stated that further exploration and drilling are planned following these promising results.
American Pacific Mining Corp has reported high-grade gold samples from its Tuscarora Gold Project, with results showing up to 59.45 grams per tonne of gold. Located in Nevada, the project is near significant gold deposits, enhancing its potential. Historical data indicates strong intersections, with past yields from nearby mines. The company plans to advance 3D modeling and review data in preparation for further drilling, expecting to provide updates in Q4 2021.
American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCQB: USGDF) has reported positive drilling results from its Madison Copper Gold Project in Montana, following 2019 and 2020 exploration programs by Kennecott Exploration. The project showcases a historical mining district, with Kennecott potentially earning a 70% stake through a $30 million investment. Notable mineralization was found in the drilled holes, with continued exploration ongoing in 2021. Significant intervals from the drilling include copper and gold values, indicating potential for further resource development.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) reported high-grade mineralization in 18 rock chip samples from the Madison property, indicating significant potential for gold, silver, copper, lead, and zinc. A notable sample returned 15.7 g/t Au and 612 g/t Ag, suggesting a new mineralized zone two kilometers from the historic mine. The company plans initial drilling to explore this vein system. Additionally, 100,000 stock options were granted to a director at $0.71 each. American Pacific emphasizes its focus on growth through exploration and acquisition in the precious metals sector.
American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF) announced significant findings from rock sample geochemistry at its Madison Copper Gold Project in Montana. The results compile historic data from Kennecott Exploration and Broadway Gold, revealing broad occurrences of high-grade gold and copper mineralization. Kennecott may invest $30 million to earn 70% of the project, and drilling activities are currently underway. Eric Saderholm, President of American Pacific, emphasized the dataset's potential for accelerating exploration activities.
American Pacific Mining Corp has closed a non-brokered private placement, issuing 8,181,964 units at CAD$0.125 each, raising total gross proceeds of $1,022,746. Investor Michael Gentile now holds 19.99% of the company’s shares. The funds will be allocated to the exploration of resource properties and general working capital. Following the placement, the company reported having over $3.4 million in cash and received $1.47 million from warrant exercises. 22,343,735 warrants remain outstanding, which could generate an additional $4.7 million if fully exercised.
