VANCOUVER, British Columbia, June 28, 2022 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report high-grade copper and gold assays from both a Phase I rock chip sampling program and recently acquired historic sampling data at the South Lida Project in Esmeralda County, Nevada.

A total of 27 rock samples were collected during the Phase I program from the claim package staked by the Company earlier this year (see April 5, 2022 news release). American Pacific controls all lands included within this land package with no underlying royalties or agreements.

High-grade samples, including 11.21% copper (“Cu”) and 4.24% Cu were collected from the eastern portion of the claim package during the recent Phase I sampling program. High-grade samples, up to 10 grams per tonne (“g/t”) gold (“Au”), were collected from the same area by Sirius Exploration in 2008 and the results and assay certificates were recently obtained and verified by American Pacific. The results are shown in Table 1.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/ecdde4ce-51b3-40f3-908f-697581095157

https://www.globenewswire.com/NewsRoom/AttachmentNg/45bebb0d-9379-4f31-ae79-151592cbd1ac

“We acquired the archived historic South Lida area sampling data, completed by Sirius Exploration in 2008, and immediately acted by staking the ground containing the higher-grade samples,” stated President, Eric Saderholm. “We just received initial Phase I assays which returned highly encouraging grades confirming strong anomalous gold and copper mineralization. Samples LDR22-007 and LDR22-008 are of particular interest to us because they contain 11.21% and 4.24% copper in the area where the sample of 10 g/t gold had previously been collected. A follow-up sampling program is in progress to further evaluate this strongly mineralized property.”

Qualified Persons

Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the designated Qualified Persons (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.