American Pacific Mining Corp. (CSE: USGD | OTCQX: USGDF | FWB: 1QC) (“American Pacific” or the “Company”) is pleased to announce that it has received a drill permit for the Madison Copper-Gold Project located 43 kilometres southeast of Butte, Montana and the Berkley Pit Mine within the Idaho-Montana Porphyry Belt (Figure 1). This milestone enables the Company to commence drilling on multiple high-priority district targets, including porphyry targets identified through extensive geologic mapping, geophysical surveys, and 3D modeling.
“We are very pleased to have received approval to advance the next phase of drilling at Madison,” commented Managing Director of Exploration, Eric Saderholm. “At present, 7 drill pads have been fully permitted, with an additional 12 pads pending approval. By structuring the program across two separate Bureau of Land Management (“BLM”) Notices of Intent, we are not only managing surface disturbance more efficiently, but also creating the flexibility to build a robust and district-scale drill campaign. The program envisions up to 30 holes from multiple pads, including two deep 900-metre tests of the porphyry targets. These sites span the property, targeting previously untested ground, distal porphyry anomalies, and high-grade skarn and quartz vein mineralization identified in surface sampling.”
CEO, Warwick Smith, added: “The current commodities market has heightened the demand for high-quality mineral projects, and we are in advanced discussions with prospective partners on several of the properties within our portfolio. In addition to advancing towards a major drill campaign at Madison, we expect to unlock significant value through potential new joint-venture partnerships, asset sales and spin-outs in the weeks and months ahead.”
Planned Drill Program Highlights (Figure 2):
- Porphyry Potential at Depth: Deeper holes will test geophysical anomalies (IP chargeability highs, magnetic high and low boundaries), interpreted as potential porphyry copper-gold centers beneath skarn horizons.
- High-Grade Copper-Gold Skarn Targets: Step-out drilling is aimed at expanding known zones of copper-gold mineralization along the Silver Star structural corridor (Figure 3).
- Structural Extensions: Infill and extension drilling will target high-grade structures that remain open along strike and at depth.
- District-Scale Exploration: Several untested geophysical and geochemical anomalies will be tested to evaluate the broader mineralized system, including newly identified mafic intrusion with samples of up to 38.5 grams per tonne gold and 33 grams per tonne silver.
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