Vancouver, British Columbia / August 8, 2023 – American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to provide an update on the ongoing activities at its Palmer Project (“Palmer” or the “Project”) near Haines, Alaska, US.

Palmer is an advanced-stage, high-grade volcanogenic massive sulphide-sulphate deposit (“VMS”) located in the Porcupine Mining District of the Haines Borough, Alaska. Constantine North Inc (“Constantine”), a subsidiary of American Pacific, is the operator for the Project and the US$25.5 million 2023 program is funded by joint venture partner Dowa Metals & Mining Co., Ltd (“Dowa”).

“Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulphide mineralization has been observed over drilled thicknesses of approximately 40 metres within the upper (Zone 1) and lower (Zone 2-3) VMS lenses of the Southwall Zone at the Palmer Deposit,” stated Warwick Smith, CEO of American Pacific.

Highlights:
4,178 metres (“m”) of the planned 9,000 m resource definition program has been drilled representing 46% of the planned 2023 program.
1,022 m of the planned 2,550 m geotechnical drill program has been drilled, representing 40% of the planned program. Hydrogeologic testing and monitoring well installations are ongoing to determine the hydrogeological characteristics and rock mechanics of the hanging wall and footwall.
The first 378 samples for assays were recently shipped to the laboratory with results expected during Q3, 2023.
Program Goals and Drill Program Overview:
One of the 2023 program goals is to build the foundation of people, infrastructure, and resources needed to operate through the advanced exploration and evaluation stages and complete feasibility-level engineering studies on the Project in the coming years.

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https://americanpacificmining.com/news-releases-2023/american-pacific-provides-palmer-vms-project-update/