American Pacific Partner Drills 14.44 g/t Gold Over 6.53 Metres; Including 146 g/t Gold and 0.98% Copper Over 0.48 Metres at its Madison Copper-Gold Project in Montana
NEWS RELEASE
American Pacific Partner Drills 14.44 g/t Gold Over 6.53 Metres; Including 146 g/t Gold
and 0.98% Copper Over 0.48 Metres at its Madison Copper-Gold Project in Montana
Vancouver, British Columbia / January 12, 2022 - American Pacific Mining Corp (CSE:
USGD / OTCQB: USGDF / FWB: 1QC) (“American Pacific” or “the Company”) is pleased
to report drill results from its 2021 drilling programs conducted by Kennecott Exploration
Company (“Kennecott”), a division of the Rio Tinto Group, on the Company’s Madison Copper-
Gold Project (the “Madison Project”), in Montana, USA. The Kennecott drilling program
consisted of 10 core holes for a total of 3,598 metres (“m”), which focused on extensions of
high-grade gold-copper skarn mineralization as well as new target concepts at Madison.
Highlights:
• MADN0033 cut 14.44 g/t gold (“Au”) and 0.11% copper (“Cu”) over 6.53 m.
o Including 39.57 g/t Au and 0.28% Cu over 2.35 m and 146 g/t Au and 0.98%
Cu over 0.48 m (third highest gold intercept ever reported at Madison)
• MADN0033 assay results demonstrate the significant potential to extend high-grade Au-
Cu mineralization down plunge (see Figure 1)
• New gold zone identified by drill hole MADN0033 is 55 metres from nearest drill intercept
and 100 metres down dip
• MADN0026 cut 2.01 g/t Au over 6 m and disseminated lower grade gold over 26 m.
• MADN0032 intersected 1.64 g/t Au over 9 m within limestone breccia beyond the skarn,
highlighting the potential for additional gold-bearing styles of mineralization at Madison.
An updated 3D model showing holes from this recently completed program can be found at the
following link: https://www.americanpacific.ca/projects/madison/madison-mine-3d-model/
American Pacific President, Eric Saderholm, stated: “The gold assays reported in MADN0033
represent the highest -grade gold intercepts reported to -date for American Pacific across our
portfolio since the inception of the Company, and the third hig hest ever reported at Madison.
The potential down plunge from MADN0033 is evident and the intersection of numerous styles
of gold and copper mineralization across multiple rock units and lithologies is also quite
encouraging. This speaks to the unique and powerful systems at Madison. We look forward to
collaborating with our partner in the coming weeks to complete further modelling, analysis and
define future exploration plans.”
Figure 1. 2021 Cross Section Highlighting Drill Hole MADN0033
Figure 2. Planimetric View
Table 1. Additional Notable Drill Intercepts from 2021 Drill Program
Table 2. 2021 Drilling Program Location, Dip, Azimuth and Total Depth
Background and Summary of Interpretation of Results: MADN0024-MADN0033
The 2021 program was the third successful drilling campaign at the Madison Project. Drill hole
MADN0033 was the highlight and will be the vector for additional drilling in the currently known
mineralized area in 2022. Ten holes were drill ed and nine of them encountered mineralization
anomalies in a broad array of different rock lithologies. The Madison deposit contains numerous
different styles of gold and copper mineralization, all of which can carry substantial metal values
as can be see n in Table 1. This is an important point to emphasize. Every drill hole is an
essential part of making deposits like Madison become mines. Drill hole MADN0032 is very
interesting to the geologists at American Pacific Mining due to the strongly anomalous gold
values that were encountered in a limestone rock package that has previously not been known
to host mineralization. Hole MADN0033 also shows highly anomalous gold mineralization in
iron-rich skarn, and warrants exploration drilling follow -up. Every drill hole from 2019 to 2021
has helped to further define the currently known mineralization and provided ample exploration
vectors for additional targets both laterally and down-dip.
The geochemical and geophysical programs in 2021 across the property have identified several
strong anomalies well away from the current drilling that are currently under evaluation and
these will be presented as they are interpreted and additional targets emerge.
The Company’s wholly-owned Madison Project is currently under an earn -in with an option to
joint venture agreement, whereby Rio Tinto may spend $30 million USD to earn up to 70% (see
news release dated June 26, 2020).
AMERICAN PACIFIC MANAGEMENT TO HOST LIVE WEBINAR EVENT:
DATE: Wednesday, January 12th, 2022
TIME: 1:45pm PDT (4:45 EDT)
REGISTRATION LINK: Webinar Registration Link
Quality Assurance, Quality Control
The following measures were taken to ensure sample security: samples were submitted to the
ALS Global lab by company personnel following the guidelines and procedures of Rio Tinto
Exploration (Kennecott). Only authorized personnel have attended the samples.
Analysis Suite
ALS Global ran ALS Supertrace multielement four acid digest ICP-MS multicollector (ME-
MS61L); Au by fire 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 concerning sampling techniques and data were reviewed
by Kennecott personnel. Internal review of the core sample results by the Company’s
management is routinely used through the course of the project.
Standards, Blanks and Duplicates
Several certified reference materials and one local (barren) blank were used as standards for
QA/QC. The certified standards used include OREAS-504c, OREAS-254 which were
obtained from OREAS based in Australia. Standard SK0500 is an in-house standard obtained
from the Bingham Canyon Mine located in Utah. The blank samples consist of Lowe's River
rock from Salt Lake City, Utah. These standards, as well as the blanks and duplicates, were
inserted into the sample stream by Kennecott Exploration personnel.
Qualified Persons
Technical aspects of this press release have been reviewed 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 United States. The Company's flagship asset is the high -grade, past -producing
Madison Copper-Gold project in Montana which the Company acquired in 2020 , and which is
under option to joint venture with Kennecott Exploration Company, a division of the Rio Tinto
Group. For this transaction, American Pacific was selected as a finalist in the S&P Global Platts
Global Metals Awards, an annual program that recognize s exemplary accomplishments in 16
performance categories, including '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 benchmar k prices for the commodities and energy
markets. Also in the American 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 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.
T: 604.908.1695
Media Relations Contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
Notes:
For context and additional historic drilling results, please consult news releases from July 28th,
2020, November 2nd, 2020, January 19th, 2021 and the technical report for the Madison Project
dated effective February 22, 2019, which was prepared in accordance with National Instrument
43-101 - Standards for Disclosure for Miner al Projects which is available on the Company’s
website.
https://americanpacific.ca/site/assets/files/3775/2019-03-04_brd_ni_43-101_report.pdf
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.