American Pacific Mining Provides Madison Project Update
NEWS RELEASE
American Pacific Mining Provides Madison Project Update
Vancouver, British Columbia / November 8, 2021 - American Pacific Mining Corp (CSE: USGD / OTCQB:
USGDF) (“American Pacific” or the “Company”) is pleased to provide an update on rock chip, soil samples
and drilling at its Madison Copper-Gold Project (th e “ Madison Project ”) located in Montana, USA, which is
currently under a joint venture earn in agreement w ith Kennecott Exploration Company (“ Kennecott ”), part of
the Rio Tinto Group, whereby Rio Tinto may earn up to 70% of the project by spending US $30 million.
Madison Copper-Gold Project, Montana
Kennecott geologists collected 61 rock chip samples from a surface trench (MADT0002) designed to cut a ltered
and mineralized exposures on the Madison Project. T rench MADT0002 was excavated across the Jefferson
Dolomite-Rader Creek Granodiorite contact approxima tely 684 metres west of the main Madison Cu-Au skar n.
Seven samples define a mineralized zone measuring 20 metres wide. A historical prospect pit prevented sampling
the skarn for the interval between 97.7 metres and 104.0 metres.
Figure 1: Google Earth image of MADT0002 location with patented claims
Eric Saderholm, President of American Pacific state d: “This area lacks historic drilling, however, the highly
anomalous geochemistry along this intrusive contact is very encouraging and clearly indicates the pote ntial for
expanding skarn mineralization to the west. Skarn bodies very frequently do not have a surface expression, so we
rely on advanced geophysical and geochemical tools to pinpoint our exploration efforts in these areas. The 2021
programs which included a detailed magnetic survey and the compilation of the soils and rock data will guide
future exploration efforts at Madison.”
MADT0002
From(m) To (m)
INTRVL
(m) Au_g/t Cu % Lithology
92 97.7 5.7 0.196 0.0248 Dolomite
97.7 104 6.3 Prospect Prospect Skarn
104 112 8 0.933 0.453 Granodiorite
Total 20
Table 1: Trench MADT0002 notable channel sample intervals
In addition to the trench samples, Kennecott’s geologists also recently collected 347 soil samples from the southern
half of the Madison Project. These, combined with 1,330 additional samples previously collected by Br oadway
Gold, complete a property wide soil sampling program totaling 1,677 samples across a 13 square kilometre area.
Statistical analysis reveals, 98 samples (5.8%) reported Au values greater than 0.11 g/t to a high value of 3.81 g/t
Au and 71 samples (4.2%) reported Cu values greater than 0.005% to a high value of 0.370% Cu.
The gold and copper values show strong skarn minera lization to the north, defining the Radar Creek int rusive in
contact with carbonates of the Mississippian Madison formation and Devonian Jefferson dolomite. A significant
break in both gold and copper values can be seen as a diagonal line across the soil maps, indicating the Silver Star
Fault Zone, which is a major regional fault along the same structural trend as the Butte Mine located 48 kilometres
to the northwest. A zone of anomalous gold has bee n identified at the southern extent of the Silver S tar Fault,
which creates additional drilling targets.
Figure 2: Madison property wide Cu-in-soil plot
Update on Ongoing Drill Program
An up to 4000 metre drill program is now complete a t the Madison Project with Kennecott. Assays are pe nding
from the 2021 drilling at Madison and are expected to be released together later in Q4 of this year.
Sample Security
Measures were taken to ensure sample security. Sam ples were submitted to the ALS Global lab by compan y
personnel following guidelines and procedures of Rio Tinto Exploration (Kennecott). Only authorized personnel
have attended the samples.
Analysis Suite for QA/QC
ALS Global ran ALS Supertrace multielement four aci d digest ICP-MS multicollector (ME-MS61L); Au by fi re
assay (Au-ICP21); RTX pXRF Cr, Nb, Si, Ta, Ti, Y, Zr (p-XRF-30 RT/p-XRF-30NDL); and VNIR/SWIR spectra
(TRSPEC-20/INTERP-11).
Audits or Reviews
The results of any audits or reviews of sampling te chniques and data were reviewed by Kennecott person nel.
Internal review of the soil sampling results by the Company’s management is routinely used through the course
of the project.
Standards
QA/QC in this batch of 61 samples included two cert ified reference materials, two coarse blanks, and f ive field duplicate
samples. The standard OREAS 254 was obtained from Ore Research. All QC samples were inserted into th e assay stream
by KEX personnel prior to shipment to ALS. ALS ins erted additional in-lab QC as certified reference m aterials, prep
duplicates and lab repeats.
Qualified Persons
Technical aspects of this press release have been r eviewed and approved by Eric Saderholm, P.Geo. and Philip
Mulholland 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 Un ited
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. Also in the American Pacific's asset portfolio are the Gooseberry Gold-Silver project,
the Tuscarora Gold project, and the Red Hill project, three high-potential, 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.
More information about American Pacific and the Madison Project can be found at www.americanpacific.ca .
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
Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695 / [email protected]
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