- American Pacific (USGD) has expanded and will soon explore its South Lida Project in Nevada
- Historical sampling at South Lida has yielded gold values of up to 11.45 g/t gold, 1,280 g/t silver and 20.8 per cent copper
- Exploration results will be incorporated into an updated NI 43-101 technical report later this year
- American Pacific Mining is a precious metals explorer focused on opportunities in the western United States
- American Pacific (USGD) is up by 1.14 per cent trading at $0.89 per share
American Pacific (USGD) has expanded and will soon explore its South Lida Project.
The company expanded the Nevada-based project to 1,500 acres by staking 64 additional claims.
An initial sampling program will evaluate the new claims for new targets with the data to be included in an updated NI 43-101 technical report later this year.
American Pacific is exploring the project as a sediment-hosted, Carlin-type, structurally controlled epithermal gold system.
“Historical sampling at South Lida has yielded gold values of up to 11.45 g/t gold, 1,280 g/t silver and 20.8 per cent copper, so it is clearly a property of merit,” stated Eric Saderholm, American Pacific’s President. “The presence of multiple intermediate to basic dikes, quartz veins and abundant jasperoids show both epithermal and Carlin-style mineralization signatures.”
“The 2022 program will include outcrop and float sampling, geologic mapping and a gravity survey which will define drill targets and support further exploration efforts,” he added.
American Pacific Mining is a precious metals explorer focused on opportunities in the western United States.
American Pacific (USGD) is up by 1.14 per cent trading at $0.89 per share as of 12:15 pm EST.