American Pacific Mining Provides Update on its Gooseberry Silver-Gold Project
NEWS RELEASE
American Pacific Mining Provides Update on its Gooseberry Silver-Gold Project
VANCOUVER—January 25, 2021—American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK:
USGDF) (“American Pacific” or the “ Company”) is pleased to provide an update on exploration progress at the
Gooseberry Gold-Silver Project, located in Nevada and under joint venture earn-in agreement with privately-owned,
GRAC Global Resource Acquisition Corp. (“GRAC”).
Gooseberry Silver-Gold Project
A 12-hole diamond drill program is planned for early Q2, 2021 at the Gooseberry Gold -Silver Project, a low
sulphidation, epithermal vein system encompassing the historical Gooseberry silver-gold mine in Storey County,
Nevada. The past-producing underground silver and gold mine operated for nearly a century between 1900’s and
1990’s, after which mining ceased due to low precious metals prices. No meaningful modern exploration work has
been done on the project since 1994.
On November 4, 2020, American Pacific entered into an earn-in joint venture agreement with GRAC, whereby GRAC
may earn up to 80% of the asset by making cash and share payments to American Pacific, spending $4.5M in
exploration expenditures and completing a Positive Feasibility study.
GRAC is in the final process of negotiating a public listing and expects to be publicly traded in Q1, 2021.
A geologic model can be viewed here: Gooseberry Model Feb 25 2020 - YouTube
About American Pacific Mining Corp.
American Pacific Mining Corp. is a gold explorer focused on precious metals opportunities in the Western United
States. The Madison Mine in Montana, under option to joint venture with Kennecott Exploration Company, is the
Company’s flagship asset. The Gooseberry Gold-Silver Project, under option to GRAC Global Resource Acquisition
Corp. and the Tuscarora Gold Project, under option to Soldera Mining, are 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:
[email protected] Phone: 1-866-646-5389
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The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation
Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking Information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities
legislation) including, without limitation, statements as to planned exploration activities and the expected timing of
the receipt of results. These statements address future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to
be materially different from any future results, performance or achievements expressed or implied by the statements.
Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance
of services by third parties.
Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified
by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,”
“goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,”
“can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company
cautions that Forward -looking statements a re based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made and they involve a number of risks and uncertainties. Consequently,
there can be no assurances that such statements will prove to be accurate an d actual results and future events could
differ materially from those anticipated in such statements.