Aug 20 2019
American Pacific Mining Corp (“APM” or the “Company”) is pleased to announce that the key permit has been submitted for the upcoming drill campaign at the Tuscarora Gold Project in Elko Nevada. A Notice of Intent (“NOI”) has been filed with the United States Department of the Interior, Bureau of Land Management (“BLM”), for the 2019 drilling campaign that is anticipated to begin this month.
The submission of this drill permit is a significant milestone at Tuscarora, and we anticipate a timely response from the BLM. This program is designed to test new geological interpretations within the Tuscarora District, specifically the historically untested east-dipping structures. There are several new targets that have been defined by the gravity and CSAMT surveys completed by OceanaGold in 2019 within the 1,818 acre property. This drilling program will begin to test these new concepts and we will uncover a lot of new information that will greatly assist exploration efforts moving forward.”
Eric Saderholm, President of APM
The Tuscarora Gold Project is a high-grade, gold silver property under joint venture with OceanaGold Corporation, a mid-tier, high-margin gold producer (refer to press release April 15, 2019). American Pacific optioned the property from NOVO Resources in late 2017. After expanding the land package, completing a geophysical program and a 16-hole drill campaign mid 2018, APM then joint ventured the project to OceanaGold in April 2019.
The Tuscarora Mining District is within a major gold producing region of Nevada.
Source: https://www.americanpacificmining.com/