Posted in | Gold | Silver | Mining Business

American Pacific Mining Acquires Historic Gold and Silver Gooseberry Mine in Storey County Nevada

American Pacific Mining Corp (“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.”

“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.

Source: https://www.americanpacificmining.com/news/american-pacific-mining-acquires-the-historic-past-producing-gooseberry-gold-project-in-nevada-usa/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit