- American Pacific Mining (USGD) has received final permits to commence drilling at the Gooseberry Silver-Gold Project in Nevada
- The company is planning a 4,000 m, 15-hole combination reverse circulation and diamond drill program at the project later this year
- The company owns a 100 per cent interest in the project and has previously sampled up to 18.45 g/t Au and 595 g/t Ag
- American Pacific Mining is a precious metals explorer focused on opportunities in the western United States
- American Pacific Mining (USGD) is down 2.25 per cent and is currently trading at $0.87 per share
American Pacific Mining (USGD) has received final permits to commence drilling at the Gooseberry Silver-Gold Project in Nevada.
Gooseberry is a low sulphidation epithermal vein system encompassing the historical Gooseberry Silver-Gold Mine in Storey County, Nevada. The past-producing underground mine operated for nearly a century between 1900 and 1990, after which mining ceased due to low precious metals prices. No meaningful modern exploration work has been done on the project since 1994.
American Pacific is planning a 15-hole combination reverse circulation and diamond drill program at the project later this year.
The company owns an undivided 100 per cent interest in the project with no underlying royalties. It previously sampled up to 18.45 g/t Au and 595 g/t Ag from Gooseberry’s dumps and old mineralized stockpiles.
Eric Saderholm, President of American Pacific Mining, commented,
“We are very pleased to receive our drilling permit in advance of a 15-hole combination RC and diamond core drill program totaling approximately 4,000 metres. These holes will target lateral and down-dip extensions to some of the higher-grade mineralization that was encountered during mining. American Pacific has always been very eager to drill Gooseberry, which produced very high-grade silver and gold from active mining faces. The initial phase of drilling will target extensions to these known mineralized zones.”
American Pacific Mining is a precious metals explorer focused on opportunities in the western United States.
American Pacific Mining (USGD) is down 2.25 per cent and is currently trading at $0.87 per share as of 10:07 am ET.