- American Pacific (USGD) has doubled the size of its Tuscarora Property and reported bonanza-grade samples of gold and silver
- The company entered into a definitive agreement with Ubica Gold to acquire 77 claims at Tuscarora totalling 1,031 acres
- American collected 135 high-grade rock chip and grab samples from the newly expanded project, including 21,032 g/t gold and 38,820 g/t silver
- Evaluation of priority targets is underway in advance of a late 2021 drill program at the newly expanded project
- American Pacific Mining is a precious metals explorer focused on opportunities in the western United States
- American Pacific (USGD) is up by 13.79 per cent and is currently trading at $0.99 per share
American Pacific (USGD) has doubled the size of its Tuscarora Property and reported bonanza-grade samples of gold and silver.
The company entered into a definitive agreement with Ubica Gold to acquire 77 claims at Tuscarora totalling 1,031 acres.
Tuscarora is located in northern Nevada, 70 km northwest of Elko and 20 km west of the Jerritt Canyon Mine.
American Pacific’s total consideration includes the issuance of 3,700,000 common shares and a cash payment of C$800,000.
The company collected 135 high-grade rock chip and grab samples from the newly expanded project, ten of which returned bonanza grades of over 34 g/t gold, including 21,032 g/t gold and 38,820 g/t silver.
Other sample highlights include 882 g/t gold and over 10,000 g/t silver at the Argenta Target and 2,820 g/t gold and 1,460 g/t silver at the Modoc Target.
Evaluation of priority targets is underway in advance of a late 2021 drill program at the newly expanded project.
Eric Saderholm, American Pacific’s President, stated,
“This very important acquisition adds significant value to our Tuscarora Project. These samples show the bonanza grades that these veins can host, and importantly, these high-grade values are broadcast throughout the property and not along one single vein. This suggests the potential to greatly expand upon mineralization we have discovered in the past and map the full vein extent across this large property package in advance of a drill campaign later this year, or early in 2022. Using this data, we will update our 3D model and begin the permitting process to commence a Q4 2021 drill program.”
American Pacific Mining is a precious metals explorer focused on opportunities in the western United States.
American Pacific (USGD) is up by 13.79 per cent and is currently trading at $0.99 per share as of 9:32 am ET.
