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American Pacific Mining Corp.
Summary
| Project: | Tuscarora | |
|---|---|---|
| Deposit: | Tuscarora | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: American Pacific Mining Corp. announces an Exploration/Drilling Update report for its Tuscarora deposit at the Tuscarora project. new assay results incl. 1.5m @ 27.2g/t Au from 199.6m. VANCOUVER—October 9, 2018—American Pacific Mining Corp (CSE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Saderholm (Not stated) | |
| ABSTRACT: | VANCOUVER—October 9, 2018—American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) is pleased to announce the following results from Screen Metallic samples from the previously announced 2018 drill program results (refer to press release dated August 15, 2018). Original assays under the Gravimetric column were both upgraded and downgraded in the re-analysis, with Hole 009 returning the highest upgraded interval to 27.2 g/t Au over 1.5m from the previous (gravimetric) 16.0 g/t Au over 1.5m. “Gravimetric analysis is typical for coarse, high-grade gold systems. Screen Metallic assays help to further clarify the gold values at Tuscarora as we continue modeling the project,” commented Eric Saderholm, President of American Pacific Mining Corp. “Since listing in March of this year, we have tripled the property size and completed a 10,000 foot, 16 hole drill program. We are now focused on adding value through geophysics, Phase 2 drill program planning and data review and analysis.” The Tuscarora mining district lies along the southeastern margin of the Mount Blitzen volcanic center, with gold mineralization closely associated with igneous geology and the structures of that center. The Tuscarora district can be divided into two areas that contain precious-metal deposits: a low-silver zone to the south that is known by comb-textured quartz veins, silica-adularia alteration, and low Ag/Au ratio; and a high-silver zone to the north characterized by replacement quartz and carbonate veins, narrow alteration zones, and relatively high Ag/Au ratios. The high-silver zone was the main focus of mining from 1875 until 1915. The more gold-rich zone now controlled by American Pacific projects under pediment cover and is largely untested. | |
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