American Pacific Mining Corp. is a precious and base metals explorer with a core focus on opportunities in the Western United States. American Pacific was recently selected as a ‘Deal of the Year’ finalist for its Madison transaction and nominated for the ‘Rising Star Company Award’ in the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 17 performance categories.
Palmer VMS Project Project Overview
Advancing a high-grade copper-zinc resource to feasibility with PEA Completed in June 2019
* 2019 PEA post-tax NPV@7% US$266M (US$505M) August 2022 spot prices)
* ~C$30M transaction vs ~C$230M attributable NPV
Defining a multi-deposit district with exceptional exploration upside
Total project expenditures of ~US$78 million through to end of 2022
JV partnership with Dowa Metals & Mining Alaska Ltd and a 5 year plan to feasibility
* An anticipated exploration and development budget of US $25.5M+ for 2023
Defining high-grade, low-capex type targets within a multi-deposit, district-scale environment
The Palmer VMS Project is an advanced stage Cu-Zn-Au-Ag exploration project in Southeast Alaska with road access and located only 60 km (37 miles) from the deep sea port at Haines, Alaska.
The project hosts two NI 43-101 compliant resources, the Palmer Deposit and AG Zone Deposit, with a total consolidated mineral resource of 4.68 million tonnes of 10.2% zinc equivalent in the indicated category and 9.59 million tonnes of 8.9% zinc equivalent in the inferred category.
A Preliminary Economic Assessment (“PEA”) was completed in June 2019 (filed July 18, 2019, amended March 7, 2022; filed on www.sedar.com), which presents a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes.
The Palmer project includes numerous drill-ready high-grade prospects that define more than 15 kilometers of favorable mineral trends, all hallmarks of a significant massive sulphide system and opportunity for the discovery of multiple deposits.
Madison Mine Project Overview
USGD acquired the permitted Madison Copper Gold Mine from Madison Metals June 2020
Rio Tinto may earn 70% by spending US$30M with USGD free carried
Past production 2008 – 2012 of 2.7M lbs of copper with grades ranging from ~20% to over 35% copper and 7,570 ounces of gold at 16.1 g/t
Analogous to and just 48 km from the Butte mine, which churned out 21 billion lb. copper, 715 million oz. silver, 2.9 million oz. gold
Copper-Gold in Montana, USA –
American Pacific’s Madison Mine is a 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 was selected as a finalist in the ‘Deal of the Year’ category in both 2021 and 2022 at the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories.
Ziggurat Project Project Overview
USGD acquired the Ziggurat Project via the acquisition of Clearview Gold in May 2023
Located at the northern end of Round Mountain Trend – an active mining region in Nevada with several multi-million-ounce gold projects
Excellent infrastructure with year-round, cost-effective exploration
USD $1.3M budget funded by Centerra for 2023
100% owned and under a JV option agreement with Centerra Gold Inc.
An active district being developed and explored by Majors
* 20 km from Kinross’ Round Mountain Mine (>15 Moz Au produced) Adjacent to Newmont’s Northumberland Mine (3.5 Moz Au, 11 Moz Ag production + M&I)
Gooseberry Mine Project Overview
High-grade, low sulphidation, epithermal vein system encompassing the historical Gooseberry silver-gold mine which operated between 1900 and 1990
Assay results pending from ongoing up to 17,000 metre drill program
2021 drilling identified multiple additional veins where only one was previously known to exist
Similar geology and just 15 miles from 8.6M oz gold and 270M oz silver Comstock Lode
Tuscarora District Project Overview
The Tuscarora volcanic field is the largest example of Eocene age magmatism in Nevada
The field formed between 39.9 and 39.3 Ma, which corresponds to the 40-37 Ma age of gold mineralization in the Carlin Trend
This represents the strongest period of gold mineralization known in the Basin and Range Province
Production from quartz veins and stockwork
* >500,000 oz Gold (Au)
* 7.5 million oz Silver (Ag)
Red Hill Project Project Overview
80 claims covering 1,500 acres 24 km SE of the 12M oz Cortez Hills gold deposit within the prolific Cortez trend in Eureka County, Nevada
Previous drilling by Barrick returned high-grade results, including:
* 24.4m of 4.99 g/t Au, including 13.7m of 8.11 g/t Au confirming sediment-hosted gold system is present
Property not adequately tested for deep potential given Barrick’s nearby multi-million ounce Goldrush discovery 12 km northwest of Red Hill along the Cortez trend
Property acquired for an initial $25,000 payment with subsequent payments spread over 10 years and annual claim maintenance fees of $13,244
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