American Pacific Mining Announces the Commencement of a Sampling Program at its Gooseberry Silver Project
NEWS RELEASE
American Pacific Mining Announces the Commencement
of a Sampling Program at its Gooseberry Silver Project
Vancouver, British Columbia / March 29, 2022 - American Pacific Mining Corp (CSE:
USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased
to announce that a sampling program is now underway at its Gooseberry Silver Project in
Nevada. The program will cover American Pac ific’s entire land position (approximately 827
acres) and the data will be used to refine high priority targets ahead of an anticipated CAD $2.5
million drill program for later this year.
A total of 4,161 soil samples are planned, of which 536 have already been collected and
submitted to the labs for assay from the Strawberry Target (see Figure 1). Individual soil
samples comprise between 500 and 1,100 grams of surficial material (soil), generally collected
at a depth of 25 to 51 centimetres.
“This well-organized soil geochemical program will provide important vectors for the type of
vein system we have at Gooseberry,” stated American Pacific President, Eric Saderholm. “The
alteration in this epithermal deposit is broadcast over most of the property controlled by
American Pacific and no previous systematic geochemical work has been done on the property.
We discovered the presence of a parallel vein during Phase I drilling in late 2021 and this is the
logical and essential next step to help identify next targets for the Phase II drilling planned
during second half of 2022. We have identified parallel alteration features through initial
mapping and property assessment and this sampling program will further re fine our future
drilling programs. We are also pleased to announce that we have consulted with an industry -
respected geophysicist and have planned a CSAMT survey, a proven tool for identifying
alteration associated with similar gold/silver vein systems throughout the world, for Gooseberry
in Q2 of this year.”
Figure 1. Gooseberry soil collection plan map.
The objective of this surface sampling program is to identify zones of anomalous silver and
trace elements for additional drill targeting following a su ccessful 2021 drill program, which
identified multiple mineralized veins, where only one was previously known to exist (see news
release dated February 28, 2022). The southern zone of the American Pacific claim set at the
Strawberry Target has substantial alteration in outcropping Andesite.
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 annual program that recognizes exemplary accomplishments in 16
performance categories, incl uding '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 A merican 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 b y
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]
The CSE has neither approved nor disapproved the contents of this news release. Neither the
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accepts responsibility for the adequacy or accuracy of this release.