American Pacific Mining Provides Drilling Update and Releases New CSAMT Data Highlighting New Vein Targets at the Tuscarora Project, Elko County, Nevada
NEWS RELEASE
American Pacific Mining Provides Drilling Update and Releases New CSAMT Data Highlighting
New Vein Targets at the Tuscarora Project, Elko County, Nevada
Vancouver, British Columbia / July 14, 2022 - Ameri can Pacific Mining Corp (CSE: USGD /
OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to provide an
update on drilling and report new results from the CSAMT survey conducted at the Tuscarora Project
located in Elko County, Nevada.
Approximately 21 drillholes (~4,000 metres) of rever se circulation (“ RC ”) drilling has been completed
to-date and up to five additional holes will be com pleted in the coming weeks, including multiple hole s
to test newly defined vein targets generated from t he recently completed CSAMT survey. Additional
assay results will be released once received and interpreted.
The CSAMT survey was commissioned to identify sub-surface and hidden silica bodies and quartz vein
occurrences throughout the previously untested, newly acquired land package. The survey has identified
numerous untested vein occurrences, but two anomali es stand out as very strong quartz responses.
Neither of these anomalies has been previously drill-tested in these areas.
Figure 1. 2022 Tuscarora CSAMT Survey Lines with Vein Interpretations and Targets
Figure 2. King’s Vein Target
Figure 3. Grand Prize and East Pediment Targets
“The King’s Vein and the Grand Prize Vein Intersect ion with the East Pediment Vein system present us
with very strong quartz responses. This is exciting from an exploration standpoint since these are the
strongest indicators of untested veins within the e ntire land package. The Grand Prize/East Pediment i s
covered with a thin gravel veneer and is reminiscent of the South Navajo Vein response, although much
stronger,” stated American Pacific President Eric S aderholm. “Our drill plans are currently being
adjusted to test these strong anomalies which do not have surface expressions. The Grand Prize Vein has
yielded up to 21,032 grams per tonne (“ g/t ”) gold (“ Au ”) and 38,820 g/t Au from surface samples. The
East Pediment Vein returned a 1.52 metre intercept of 52.37 g/t Au in historic drilling and no drilling has
been done at East Pediment since 1998.”
Qualified Persons
Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the
designated Qualified Persons (QP) under National Instrument 43-101.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western
United States. The Company's flagship asset is the high-grade, past-producing Madison Copper-Gold
project in Montana, under option to joint venture with Kennecott Exploration Company, a division of the
Rio Tinto Group, which the Company acquired in 2020 . For this transaction, American Pacific
was selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that
recognizes exemplary accomplishments in 16 performa nce categories, including 'Deal of the Year,' the
category in which American Pacific Mining competed. The awards program is hosted by S&P Global
Platts, the leading independent provider of informa tion and benchmark prices for the commodities and
energy markets. Also in the American Pacific's asse t portfolio are the Gooseberry Silver-Gold project
and the Tuscarora Gold-Silver project: two high-gra de, precious metals projects located in key mining
districts of Nevada, USA. The Company’s mission is to grow by the drill bit and by acquisition.
On Behalf of the Board of American Pacific Mining Corp.
“Warwick Smith”
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Va ncouver, BC, V6C 3A8 Canada
Investor Relations Contact:
Kristina Pillon, High Tide Consulting Corp.,
604.908.1695 / [email protected]
Media Relations Contact:
Adam Bello, Primoris Group Inc.
416.489.0092 / [email protected]
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its
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