American Pacific Mining Reports Commencement of Drone Magnetic Survey at Madison
NEWS RELEASE
American Pacific Mining Reports Commencement of Drone Magnetic Survey at Madison
Vancouver, British Columbia / August 4, 2021 - American Pacific Mining Corp (CSE: USGD /
OTCQB: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report that
Kennecott Exploration Company (“Kennecott”), a division of the Rio Tinto Group (“Rio Tinto”), has
commenced a n Unmanned Aerial Vehicle (“UAV”) Magnetic Survey over American Pacific’s past -
producing Madison Copper-Gold Project (the “Madison Project”) that is focused on defining a detailed
magnetic signature of the Madison Limestone -Rader Creek intrusive contact. The detailed magnetic
signature of the contact area will provide precise skarn hosted drill targets. American Pacific has a joint
venture earn-in agreement with Rio Tinto, whereby Rio Tinto may spend US$30 million to earn up to
70% of the Madison Project, located in Montana, USA.
A geophysical service, which provides UAV -based magnetic surveying for mineral exploration
worldwide, is currently flying the orthophoto component of the drone magnetics survey at Madison. The
orthophoto and DTM (Digital Terrain Model) will be completed at ~150 metres elevation prior to
conducting the magnetic survey which will be flown at 25 metres. Survey lines will be spaced 25 metres
apart over the sedimentary formations and 50 metres spacing over the remaining property in its entirety.
“In addition to providing more detailed signature data near the past producing mine area, this property
wide magnetic survey will also support new target generation across our entire property package. The
recent trench results two kilometres from the Madison Mine support our belief that the regional potential
at Madison is excellent, and this new mag data will help define additional areas of interest,” states Eric
Saderholm, President of American Pacific.
Figure 1. Photograph of UAV
Qualified Person
Technical aspects of this press release have been reviewed and approved by Phil Mulholland, P.Geo and
Eric Saderholm, P.Geo., the designated Qualified Persons (QP) under NI 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 has been
selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that recognizes
exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category in
which American Pacific Mining is competing. The awards program is hosted by S&P Global Platts, the
leading independent provider of information an d benchmark prices for the commodities and energy
markets. Also in the American Pacific's asset portfolio are the Gooseberry Gold -Silver project and the
Tuscarora Gold 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
Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695
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.