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American Pacific Mining Corp.
Summary
| Project: | Tuscarora | |
|---|---|---|
| Deposit: | Tuscarora | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: American Pacific Mining Corp. announces an Exploration/Drilling Update report for its Tuscarora deposit at the Tuscarora project. Drilling results incl. 9.1m @ 5.88g/t Au from 195.1m. VANCOUVER—August 15, 2018—American Pacific Mining Corp (CSE: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Saderholm (Not stated) | |
| ABSTRACT: | VANCOUVER—August 15, 2018—American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) is pleased to announce assays of the remaining 11 holes from the Phase 1 drill program at the Tuscarora Gold Project in Elko Nevada. The property is a 1,818 acre land package containing a series of high-grade vein systems and stockworks, optioned from NOVO Resources in late 2017. American Pacific Mining has drilled a total of 3,143 meters in 16 holes focusing on the South Navajo zone, with highlights from the final results as follows. “I’m extremely pleased with these initial drill results. Assays have confirmed the historic results while also displaying a new level of disseminated mineralization on the property and adding considerable strike length to the mineralization. The focus of this project will expand to the other veins and structures that we know exist at Tuscarora, but have yet to be drill-tested,” commented Warwick Smith, CEO of American Pacific Mining. “High-grade intervals from this latest round of drilling confirm the heart of the South Navajo zone, with the most positive results coming from holes 13, 15 and 16,” commented Eric Saderholm, President of American Pacific Mining. “Hole 13 was very significant as it was in an area that had not seen a positive drill result before. This was a wildcat hole that intercepted 1.5 meters of 10.30 g/t Au, extending the known strike length of the Navajo Vein system by approximately 450 meters to the north, opening up a large area for future drill testing. Hole 15 encountered 1.5 meters of 18.40 g/t Au, further confirming the high grades in the South Navajo area. Finally, hole 16 was well-mineralized, hitting a 9.1 meter interval of 5.88 g/t Au at the bottom of the hole from 195 meters.” Mr. Saderholm continued: “Drilling has proven that the cross-faults and structural intersections are wellmineralized and worthy of further exploration for what is mostly oxidized mineralization.” It should also be noted that the Company has yet to assay any mineralized intervals for silver. This work is in progress and expected to add to the value of the gold intercepts. | |
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