American Pacific Mining Reports up to 100 g/t Gold and 1,305 g/t Silver from 2023 Rock Chip Sampling at the Recently Expanded Tuscarora Project
NEWS RELEASE
American Pacific Mining Reports up to 100 g/t Gold and 1,305 g/t Silver from 2023 Rock
Chip Sampling at the Recently Expanded Tuscarora Project
Vancouver, British Columbia / December 12, 2023 - American Pacific Mining Corp (CSE:
USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased
to report the results from the 2023 Phase II rock and grab sampling program at the recently
acquired Danny Boy claims and western portion of the Tuscarora Project (the “Project”). Of the
218 samples collected, forty (40) exceeded one (1) gram per ton (“g/t”) gold (“Au”) with the
highest value of 100.84 g/t Au. The Danny Boy claims (“ Danny Boy”) were acquired through
the acquisition of Clearview Gold Inc. in 2023 (see May 2, 2023 news release ). Danny Boy is
located immediately west and continuous to American Pacific’s Tuscarora Project (collectively,
the “Tuscarora District”) located in Elko County, Nevada.
Highlights:
• 218 samples were collected during the fall 2023 exploration program, with the highest
value assaying 100.84 g/t Au (2.94 oz/ton)
• Two assays reported greater than 850 g/t silver (“Ag”) with a high value of 1305 g/t Ag
(38.07 oz/ton)
• Forty samples from the campaign assayed greater than 1 g/t Au, with 22 returning
greater than 3 g/t Au
• Anomalous samples were collected from a variety of different rock types and textures,
including veins and silica flooded volcanic rocks, indicating multiple mineralizing events
and styles
See Table 1 and Figures 1-2 for more details.
“The acquisition of Danny Boy in 2023 completed the consolidation of the Tuscarora District ,”
stated War wick Smith, CEO of American Pacific. “American Pacific has systematically
assembled the largest land package in the recent history of the district (6,365 acres). Gold
values from past Danny Boy surface sampling have yielded up to 24 g/t Au, so the consistent
multi-gram gold assays and significant silver values exceeded our expectations and drill targets
are emerging from our field programs.”
Figure 1: 2023 American Pacific and historical sampling at Danny Boy and western part of Tuscarora
Tuscarora was the site of historical production (see Technical Summary section below) and this
latest phase of rock sampling provides further evidence of significant grade, while highlighting
the remaining potential within the now consolidated Tuscarora District.
“The Tuscarora District is not just about the high-grade epithermal veins. The underlying
carbonate rocks encompassing the Carlin and Independence Trends, host 150 million ounces
of gold to the east and west of Tuscarora under a thrust sheet and in proximity to the largest
heat engine ever seen in northeast Nevada,” commented Eric Saderholm, Managing Director
of Exploration. “These CRD, skarn and Carlin-style mineralized trends have immense
potential to dwarf anything in the near-surface epithermal environment.”
Table 1: 2023 Danny Boy Sampling Results with Gold Values Greater than 3 g/t
Sample_ID Easting Northing Au g/t Au opt Ag g/t Ag opt
JC23082224 559983 4572390 4.676 0.1364 5 0.146
JC23083007 559982 4572393 6.15 0.146 8 0.238
JC23083030 560035 4572152 24.1 0.703 135 3.951
JC23083031 560036 4572138 4.606 0.1343 140 4.083
JC23083033 560039 4572130 12.02 0.351 159 4.632
JC23083046 560001 4572109 3.909 0.114 11 0.309
JC23090602 558287 4571652 3.114 0.0908 5 0.146
JC23090604 558310 4571656 4.913 0.1433 7 0.192
JC23090606 558326 4571661 5.13 0.15 16 0.475
JC23090613 558375 4571632 3.825 0.1116 5 0.146
JC23090614 558374 4571634 3.851 0.1123 5 0.146
JC23090615 558380 4571630 3.086 0.09 8 0.226
JC23090616 558379 4571627 4.459 0.1301 7 0.206
JC23090618 558383 4571626 4.007 0.1169 5 0.146
JC23090620 558381 4571624 3.415 0.0996 10 0.295
JC23092506 562825 4572641 100.84 2.941 81 2.363
JC23092531 562786 4572713 41.06 1.198 1305 38.071
JC23092543 562763 4572706 6.52 0.19 87 2.549
JC23092545 562793 4572726 22.27 0.65 852 24.856
ES0111-001 559962 4572455 8.78 19
ES0111-002 559962 4572455 5.14 16
ES0111-006 558469 4571606 5.74 5
In addition to the significant results from surface sampling, previous drilling at Tuscarora has
returned high-grades, including 2.48 g/t Au over 13.72 metres (“m”), including 12.13 g/t over
1.52 m at the South Navajo Target ; and 6.89 g/t Au and 29 g/t Ag over 1.52 m at the within
broader low-grade intervals at the Mod oc Target (see November 22, 2022 news release ). A
number of the target areas have seen limited to no drilling (e.g. the Grand Prize Target) and
the Company believes that further systematic exploration work will further refine existing targets
and define new targets to pursue in subsequent campaigns.
Figure 2: Total land package with surface geochemistry and primary target areas
Next Steps
American Pacific believes additional soil and rock chip sampling along with CSAMT and gravity
survey coverage would result in a number of high priority drill targets and the Company is
exploring potential joint venture opportunities to advance exploration work more aggres sively
in 2024 to ensure the Project is progressed with the type of budget and program that is
warranted given the property scale, grade profile and emerging target areas. Additional target
concepts are being evaluated at Danny Boy in the deeper Paleozoic sedimentary rocks which
host world -class deposits along the nearby Carlin and Independence Trends. The geologic
setting at Danny Boy is highly conducive for high -grade skarn and CRD development in the
carbonate rock sequence and has never been contemplated or tested as the historical focus
has been on the prolific epithermal vein systems.
Technical Summary
The Tuscarora District is located in Elko County on the east flanks of the 40-million-year-old Mt
Blitzen caldera/volcanic complex. The age of the mineralization is roughly equivalent to that
found along the prolific Carlin, Cortez and Independence Trends in northern and central
Nevada. The nature of the mineralization is typical of this geologic setting and is comprised of
high-level epithermal gold, gold/ silver, electrum and silver veins. Host rocks consist of welded
tuff, volcaniclastic sediments, andesite flows and domes. The district was discovered through
placer mining in the late 1860s and underground mining began in 1870 with three mills being
erected. Mining terminated in 1915 and the district has had sporadic exploration efforts since
1980.
QA/QC
Two certified assay labs were used during the 2023 sampling campaign, Paragon and ALS
Global. Two hundred and six samples in the JC series were delivered by APM personnel to
Paragon Laboratories in Sparks, Nevada. The entire sample was crushed and prepared using
code PREP PKGB and received analysis f or Au and Ag using code Au -AA Ag GR with a fire
assay for Au and an AA finish and fire assay with a gravimetric finish for Ag. Additionally, 50AR-
MS was run for a 50 element ICP on these samples.
Twelve samples in the ES series were delivered by APM personnel to ALS Global Laboratories
in Elko, Nevada. The code Au-AA26 with a fire assay and AA finish was used for Au analyses
and code Ag-GRA21 with a fire assay and gravimetric finish for Ag analyses.
Qualified Persons
Technical aspects of this press release have been reviewed and approved by Eric Saderholm,
P.Geo., the designated Qualified Persons (QP) under National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious and base metals explorer and developer focused
on opportunities in the Western United States. The Company has two flagship assets: the
Palmer Project, a Volcanic Massive Sulfide (VMS) project in Alaska, under joi nt-venture
partnership with Dowa Metals & Mining, owner of Japan’s largest zinc smelter; and the Madison
Project, a past-producing copper-gold project in Montana partnered with Kennecott Exploration,
a division of the Rio Tinto Group. For the Madison transaction, American Pacific was selected
as a finalist in both 2021 and 2022 for ‘Deal of the Year’ at the S&P Global Platts Global Metals
Awards, an annual program that recognizes exemplary accomplishme nts in 16 performance
categories. Also, in American Pacific’s asset portfolio are high-grade, precious metals projects
located in key mining districts of Nevada, USA: the Ziggurat Gold project, partnered with
Centerra Gold; and the Tuscarora District project. 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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