- Approximately 21 drill holes (~4,000 metres) of RC drilling have been completed
- Includes multiple holes to test newly-defined vein targets
- Target areas generated from recently completed CSAMT survey
- Survey identified numerous untested vein occurrences
- Additional assay results to be released once received and interpreted
- American Pacific Mining Corp’s (USGD) share price remains unchanged for the day, trading at C$0.37 per share as of 12:33 pm ET
American Pacific Mining (USGD) has provided a drilling update from the Tuscarora Project in Nevada.
The company also reported new results from a controlled-source audio-frequency magnetotellurics (CSAMT) survey.
Approximately 21 drill holes (~4,000 metres) of reverse circulation (RC) drilling have been completed to date and up to five additional holes will be completed in the coming weeks, including multiple holes to test newly-defined vein targets generated from the recently completed CSAMT survey.
Additional assay results will be released once received and interpreted.
The CSAMT survey was commissioned to identify sub-surface and hidden silica bodies and quartz vein occurrences throughout the previously untested, newly acquired land package.
The survey has identified numerous untested vein occurrences, but two anomalies stand out as very strong quartz responses. Neither of these anomalies has been previously drill-tested in these areas.
American Pacific’s President, Eric Saderholm, commented on the update.
“The King’s Vein and the Grand Prize Vein Intersection with the East Pediment Vein system present us with very strong quartz responses. This is exciting from an exploration standpoint since these are the strongest indicators of untested veins within the entire land package. The Grand Prize/East Pediment is covered with a thin gravel veneer and is reminiscent of the South Navajo Vein response, although much stronger. Our drill plans are currently being adjusted to test these strong anomalies which do not have surface expressions. The Grand Prize Vein has yielded up to 21,032 grams per tonne (“g/t”) gold (“Au”) and 38,820 g/t Au from surface samples. The East Pediment Vein returned a 1.52 metre intercept of 52.37 g/t Au in historic drilling and no drilling has been done at East Pediment since 1998.”
American Pacific Mining is a gold exploration company focused on precious metal opportunities in the Western United States.
American Pacific Mining Corp’s (USGD) share price remains unchanged for the day, trading at C$0.37 per share as of 12:33 pm ET.