American Pacific Mining Announces the Commencement of a CSAMT Geophysical Survey at its Gooseberry Silver Project
NEWS RELEASE
American Pacific Mining Announces the Commencement of a CSAMT Geophysical
Survey at its Gooseberry Silver Project
Vancouver, British Columbia / April 26, 2022 - American Pacific Mining Corp (CSE: USGD
/ OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to
announce it has initiated a Controlled-source Audio -frequency Magnetotelluric (“ CSAMT”)
geophysical survey to determine priority targets ahead of a 2022 drill program at the
Gooseberry Silver Project in Nevada.
CSAMT is a geophysical method used to determine subsurface resistivity between different
rock types. At Gooseberry, the Company is expecting the survey to help “map” the subsurface
mineralized epithermal quartz veins. Past CSAMT surveys have demonstrated that mineralized
quartz veins typically have a higher resistivity signature as opposed to the country rock which
at Gooseberry is volcan ic andesite. The objective of the geophysical survey, which will cover
the entire 708-acre Gooseberry Property (see Figure 1), is to identify zones rich in silicification
or quartz veining — the primary ore-host at the project — with the objective of identifying new
priority targets for the Company’s planned 2022 Phase II drill program. This is the first survey
of its kind on the Gooseberry Property.
American Pacific has commissioned Zonge Engineering, an industry -leader in geophysical
techniques, t o co nduct the survey and Wright Geophysics, a respected Nevada -based
exploration company, to deliver the final cross sections, interpretations and reports. American
Pacific expects the survey to be completed within three weeks.
“Geophysical data collected from this CSAMT survey, combined with ongoing geochemical data
from soil sampling survey already underway at the project, will provide us detailed information
from which we will determine priority drill targets for a robust drill program planned for later this
year,” stated President Eric Saderholm. “In addition to the newly discovered parallel vein
proximal to the historic Gooseberry vein, this combination of CSAMT and geochemistry will help
define targets located to the west and south of the known vein occurrences.”
Figure 1 - Gooseberry Planned CSAMT Lines Plan Map
Qualified Person
Technical aspects of this press release have been reviewed and approved by the designated
Qualified Person (QP) under National Instrument 43-101, Eric Saderholm, P.Geo.
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 an nual program that recognizes exemplary accomplishments in 16
performance 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 information and benchmark prices for the commodities and energy
markets. Also in the American Pacific's asset portfolio are the Gooseberry Silver -Gold project
and the Tuscarora Gold-Silver project: two high-grade, 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 Vancouver, 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]
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accepts responsibility for the adequacy or accuracy of this release.