Announcement Date: 2022-02-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: American Pacific Mining Corp.
Project name: Gooseberry
Location: United States
Commodities: Gold,Silver
Highlight: Drilling results incl. 17.526m @ 0.937g/t Au, 95.457g/t Ag from 246.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia / February 28, 2022 – American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or “the Company”) is pleased to report drill results from the 2021 drill program at its Gooseberry Silver Project in Nevada. The Phase I drill program included 15 holes of combined core and reverse circulation (“RC”) drilling totaling 4,581 metres (“m”). Highlights from the program include Our Phase I drill program was focused on identifying new zones of mineralization at our Gooseberry Project and we believe we have succeeded,” stated American Pacific President Eric Saderholm. “We believe this newly discovered zone represents at least one parallel vein set and possible mineralized crossing features that were never identified during previous mining which terminated in 1991. This vein and structural system are along the same trend and in the same host rocks with apparently the same depositional timing and similar mineralogy as the storied Comstock Lode, which produced 192 million ounces of silver and 8.3 million ounces of gold2 during the mid-1800s. American Pacific is now conducting an aggressive geochemical program to help further define this newly discovered mineralization and identify additional targets to the west. A Phase II drilling program will be based upon the results of this work
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