Posted in | News | Gold | Copper | Mining Business

American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana

American Pacific Mining Corp. (“American Pacific”) is pleased to announce that it has mobilized a drill to its Madison Copper-Gold Project (“Madison” or the “Project”) in Montana, in preparation for an initial CAD $1.5 million, five-hole, 1,350 metre drill program.

Figure 1. Drill rig set up in progress at Madison site. Image Credit: American Pacific Mining Corp

Drilling will focus both on the near-mine area to extend the known mineralized zone identified through historical drilling, which included intercepts of 14.69 metres (“m”) of 12.10 grams per tonne (“g/t”) gold (“Au”) and further downhole 61.63 m of 6.97% copper (“Cu”). The Company also plans to test highly prospective areas, identified through the interpretation of extensive historical and recent data, that have never been drilled.

Phase II will focus on following up on positive results from Phase I drilling, while also testing deeper regional targets within the western portion of the Project. This region has recorded historical, gold values at surface of up to 48.5 g/t Au in undrilled locations, which the Company believes could suggest the presence of a concealed intrusive heat source.

"We are pleased to be mobilizing a drill rig to Madison in preparation for drilling. Phase I will focus on areas where exceptional copper and gold mineralization have been encountered historically," commented CEO & Director, Warwick Smith. "By drilling the near-mine area, we aim to confirm and expand upon this high-grade zone to build towards a first mineral resource estimate at the Project. As part of Phase II, our technical team has identified several highly prospective, yet untested, regional targets that we believe may represent the peripheral expression of a larger mineralized system. The upcoming drill program will be an opportunity for us to evaluate the exploration upside potential of these priority target areas. And, with a robust treasury, we are in an excellent position to embark on this multi-phase drill campaign as we aim to unlock the full value of the Madison Copper-Gold Project."

The phase one drill program is expected to take four to five weeks to complete. With assay results anticipated to be released during Q3 2024.

Corporate Update

The Company also reports that Centerra Gold Inc. has terminated the Option Agreement that provided an opportunity to earn 70% of the Ziggurat Project.

Qualified Person Statement

Technical aspects of this press release have been reviewed and approved by the designated Qualified Person under National Instrument 43-101, Eric Saderholm, P.Geo.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    American Pacific Mining Corp.. (2024, May 29). American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana. AZoMining. Retrieved on June 16, 2024 from https://www.azomining.com/News.aspx?newsID=17932.

  • MLA

    American Pacific Mining Corp.. "American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana". AZoMining. 16 June 2024. <https://www.azomining.com/News.aspx?newsID=17932>.

  • Chicago

    American Pacific Mining Corp.. "American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana". AZoMining. https://www.azomining.com/News.aspx?newsID=17932. (accessed June 16, 2024).

  • Harvard

    American Pacific Mining Corp.. 2024. American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana. AZoMining, viewed 16 June 2024, https://www.azomining.com/News.aspx?newsID=17932.

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
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.