- American Pacific Mining (USGD) has sampled high-grade gold and copper at the Madison Project in Montana, USA
- Six rock chip samples returned values up to 29 g/t gold, 1.52 per cent copper and 44.80 g/t silver
- Another rock sample 400 m east of the American Pit returned 12.65 g/t gold, 0.98 per cent copper and 11.20 g/t silver
- American Pacific Mining is a precious metals explorer focused on opportunities in the western United States
- American Pacific Mining (USGD) closed up 12.5 per cent trading at $0.90 per share
American Pacific Mining (USGD) has sampled high-grade gold and copper at the Madison Project in Montana, USA.
The company collected 26 rock chip samples near the past-producing American Pit where altered Rader Creek granodiorite outcrops dive under tertiary gravel cover.
Six of the samples, described as skarn with disseminations of pyrite, pyrrhotite and chalcopyrite, returned values up to 29 g/t gold, 1.52 per cent copper and 44.80 g/t silver.
Another rock sample 400 m east of the American Pit returned 12.65 g/t gold, 0.98 per cent copper and 11.20 g/t silver.
American Pacific has a joint venture earn-in agreement with Rio Tinto, whereby Rio Tinto may spend US$30 million to earn up to 70 per cent of the Madison Project.
Eric Saderholm, President of American Pacific, commented,
“The Madison Project continues to deliver high-grade gold and copper samples. Further exploration, including drill assays, are expected throughout 2021 and additional drilling is clearly warranted after the sample results are evaluated.”
American Pacific Mining is a precious metals explorer focused on opportunities in the western United States.
American Pacific Mining (USGD) closed up 12.5 per cent trading at $0.90 per share.