VANCOUVER, British Columbia, April 23, 2019 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) has staked the historic gold and silver Gooseberry Mine in Storey County Nevada, USA. The property was staked for a total of USD$20,000 and includes 42 unpatented claims encompassing the prospective 708 acre property.
- American Pacific acquires through staking the historic Gooseberry Mine in Storey Nevada
- At a cost of USD$20,000, the gold and silver project includes 42 unpatented claims, totaling approximately 708 acres
- Next steps include data review, sampling and eventual drilling
Eric Saderholm, APM’s President, commented: “The Gooseberry Project is a low sulphidation, epithermal system with high-grade gold and silver mineralization hosted in quartz carbonate veins. The project was intermittently productive over the last century, and it’s our belief that there is a lot of exploration potential remaining over the project area. When the last operators were mining at Gooseberry, gold was only $353 dollars per ounce, so little exploration was taking place. I look forward to reviewing the historic data and starting the 2019 sampling programs as soon as possible.”
Link to our Gooseberry Drone Video Here
“Gooseberry fits the American Pacific model of cost-effective acquisitions in the Western USA with a focus on high-grade precious metal properties,” said Warwick Smith, APM’s CEO. “OceanaGold is now earning-in at our Tuscarora project and has committed to spending USD$650,000 over the next 12 months — combine this with the acquisition of a previous gold producer, the Company should have an exciting year ahead.”
Sporadic hard rock gold and silver mining took place at Gooseberry Mine between 1906-1991, with little to no exploration occurring beneath the lower levels of the underground mine. The Ramsey district, where the project is located, also remains under-explored compared to many other areas of Nevada. Infrastructure includes power to the area, main highways and some roads through the project which may need minor rehabilitation.
Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo., the designated Qualified Person (QP) under National Instrument 43-101.
American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early stage gold project located in a prime precious metal district in Nevada, only 35km northeast of the Carlin trend, 20km southwest of the Jerritt Canyon deposit, and 50km east-northeast of the Midas deposit. American Pacific is Eyeing a Gold Discovery amidst gold’s next bull market.
On Behalf of the Board of American Pacific Mining Corp.
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada
Investor Relations: firstname.lastname@example.org Phone: 1-866-646-5389
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to planned exploration activities and the expected timing of the receipt of results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance of services by third parties.
Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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