American Pacific Mining - President, Eric Saderholm.
President, Eric Saderholm.
Source: American Pacific Mining.
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  • American Pacific (USGD) has reported samples from vein trenching at the Madison Project, including 15.7 g/t Au, 612 g/t Ag and 1.53 per cent copper
  • The company believes this result demonstrates the potential for a new significant zone and lends support for targeting a larger porphyry system
  • The company also collected eight samples from the historic American Pit averaging 1.06 g/t Au, 14.84 g/t Ag and 0.248 per cent Cu
  • American Pacific Mining is a precious metals explorer focused on opportunities in the western United States
  • American Pacific (USGD) is up by 2.74 per cent and is currently trading at $0.75 per share

American Pacific (USGD) has reported samples from vein trenching at the Madison Project.

The results stem from 18 rock chip samples from two zones of altered and mineralized exposures on the property, which revealed high-grade gold, silver, copper, lead and zinc.

The company collected ten rock chip samples from an exploration trench nearly two kilometres southwest of the Madison Mine.

One of the grab samples returned 15.7 g/t Au, 612 g/t Ag and 1.53 per cent Cu. The company believes this sample, taken from a narrow vein expression near the surface, demonstrates the potential for a new significant zone and lends support for targeting a larger porphyry system.

Three samples reported high-grade gold values.

Two of the samples had good showings of sphalerite-galena-chalcopyrite and native gold.

Initial drilling will aim to trace the extent of the new mineralized vein.

American Pacific also collected eight samples from the historic American Pit, just to the north of Madison. Assay values averaged 1.06 g/t Au, 14.84 g/t Ag and 0.248 per cent Cu.

Eric Saderholm, President of American Pacific, commented,

“The existence of such high-grade mineralization a full two kilometres away from the existing mine workings demonstrates the regional potential and opportunity to establish significant scale at the Madison Project. This is an entirely new style of mineralization as it is not associated with the skarn, but a vein system instead. Drill pads are already being developed to test this new target area during the current drill campaign.”

American Pacific Mining is a precious metals explorer focused on opportunities in the western United States. 

American Pacific (USGD) is up by 2.74 per cent and is currently trading at $0.75 per share as of 1:10 pm ET.

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