- American Pacific Mining Corp (USGD) provides an update on its Tuscarora Gold Project in Nevada, including drill program progress and the staking of additional claims
- Drilling has focused on the Modoc Target where high-grade gold and silver samples were reported
- American Pacific then staked an additional 53 claims for 1,095 acres north of Modoc
- Visible gold has been observed throughout several holes
- American Pacific initiated procedures to help get accurate values for gold and silver
- American Pacific Mining Corp (USGD) is up 3.17 per cent trading at $0.65 per share as of 1:02 p.m. ET
American Pacific Mining Corp (USGD) has provided an update on its Tuscarora Gold Project in Nevada.
Updates include drill program progress and the staking of additional claims.
The company has now completed 13 holes of a planned 70-hole drill program at the project. Initial assays are expected in the coming weeks.
Drilling so far has focused on the south and central area of the Modoc Target where high-grade gold and silver rock chip and grab samples were reported last year. This is the first time the Modoc area has ever been drilled.
As a result, American Pacific recently staked an additional 53 claims for 1,095 acres just north of the Modoc veins, which project onto Bureau of Land Management (BLM) ground. Tuscarora is now a 268 claim, 5,370-acre project.
Visible gold has been observed in both drill cuttings and in detailed sampling throughout several holes and noticed some discrepancies in reproducibility in assays. It seems some of the coarse gold and silver may have been missed during the traditional assaying processes.
American Pacific initiated new sampling, and assaying procedures, including finer grinding and specialized assaying protocols to assist in obtaining more accurate values for gold and silver. These new procedures have caused a delay in getting final results.
An additional 50 holes are planned for the 2022 drill program and will focus on several high-priority targets, including the Grand Prize Target.
American Pacific Mining Corp (USGD) is up 3.17 per cent trading at $0.65 per share as of 1:02 p.m. ET.