Kennecott Intersects 1.7 Metres of 69.4 Grams per Tonne Gold and 23.61 Metres of 2.19% Copper at American Pacific Mining Corp...
03 November 2020 - 8:00AM
American Pacific Mining Corp. (“American Pacific” or the “Company”)
(CSE:USGD, OTCQB:USGDF) is pleased to announce that it has received
the assay for the first drill hole of the 2020 diamond drilling
exploration program at the Madison Copper Gold project (“Madison”),
located in Montana, USA. Drilling is testing the extensions and
offsets to the skarn-related mineralization.
The Madison Project is currently under an earn-in, joint venture
agreement, whereby Kennecott Exploration Company (“Kennecott”),
part of the Rio Tinto Group may spend $30 million USD to earn up to
70% (see news release dated June 6, 2020).
DRILL HIGHLIGHTS:
- Drill hole 21 contained 23.61 metres (77.46 feet) of 2.19%
copper and 1.7 metres of 69.4 g/t gold (2.22 opt).
Kennecott has an additional 8 holes presently at ALS
Laboratories for assay, and while assays are taking longer than is
typical due to COVID-19 related delays, results are expected in the
coming weeks.
A 3D model showing hole MAD0021 along with the additional 8
pending holes can be found at the link below:
https://americanpacific.ca/projects/madison/madison-hole-drill-21/
Table 1: 2020
Significant Drill Results from the Madison
Project
HOLE ID |
FROM |
TO |
Interval |
Ag |
Au |
Cu |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
MADN0021 |
222.81 |
246.42 |
23.61 |
3.45 |
|
2.19 |
including |
225.8 |
240.5 |
14.7 |
3.95 |
|
3.1 |
MADN0021 |
244.7 |
246.42 |
1.72 |
4.61 |
69.4 |
0.417 |
“We are encouraged by the results from the first hole of the
2020 drill program, which we believe confirms strong mineralization
potential is open both down-dip and lateral to the existing
drilling and modeled mineralization. The 69.4 g/ton gold intercept
is the highest grade material American Pacific has ever reported,
further showing the strength of this system. Historical drilling
has produced some very high-grade intercepts, including 30.18
metres at 24.50 g/t Au in Hole UG17-05 and 61.63 metres at 6.97% Cu
in Hole C05-06 and results to date indicate down-plunge continuity
of known high-grade mineralization,” states Eric Saderholm P.Geo,
American Pacific President.
American Pacific looks forward to announcing additional assays
from the 2020 program in the coming weeks.
Table
2: 2020 drilling
program location, dip, azimuth and total depth
Hole ID |
Easting UTM |
Northing UTM |
Dip |
Azimuth |
Total Depth (m) |
Easting (local ft) |
Northing (local ft) |
MADN0015 |
397306 |
5061179 |
-60 |
35 |
350.52 |
23869.064 |
25560.844 |
MADN0016 |
397491 |
5061217 |
-60 |
60 |
239.88 |
24476.019 |
25685.516 |
MADN0017 |
397490 |
5061219 |
-50 |
60 |
199.95 |
24472.738 |
25692.078 |
MADN0018 |
397489 |
5061220 |
-70 |
60 |
209.7 |
24469.457 |
25695.359 |
MADN0019 |
397496 |
5060897 |
-75 |
35 |
138.99 |
24492.423 |
24635.648 |
MADN0020 |
397360.1 |
5061328 |
-78 |
140 |
51.21 |
24046.557 |
26049.690 |
MADN0021 |
397360 |
5061328 |
-81 |
140 |
301.14 |
24046.229 |
26049.690 |
MADN0022 |
397306 |
5061184 |
-60 |
20 |
312.57 |
23869.064 |
25577.249 |
MADN0023 |
397711 |
5060750 |
-60 |
35 |
158.5 |
25197.804 |
24153.364 |
Quality Assurance, Quality Control
Sample Security
The following measures were taken to ensure sample security:
samples were submitted to the ALS Global lab by the company
personnel following the guidelines and procedures of Kennecott
Exploration Company; only authorised personnel have attended the
samples; core was logged at the Madison site and then transferred
to the Kennecott facilities for cutting and submission to ALS
Global Laboratories. Samples were shipped in sealed totes and ALS
did not note any issues with Kennecott’s Chain of Custody
procedures.
Analysis Suite
The samples were analysed by ALS Global using standard assay
methods: ME-MS61L ultratrace four acid digest ICP-MS method
for 49 elements plus Au-Pt-Pd. Note Au, Pt & Pd
determinations by this method are semi-quantitative due to the
small sample weight used (0.25g). Au-ICP21 and Au-GRV21 fire
assay for gold using a 30g charge. Six resistate elements
plus Si were analyzed by certified pXRF and VNIR/SWIR spectra were
collected on each sample.
Audits or reviews
The results of any audits or reviews of sampling techniques and
data were reviewed by Kennecott Exploration personnel. Internal
review of the drilling results by the company’s management is
routinely used through the course of the project.
Standards, Blanks and Duplicates
Two certified reference materials were used as standards for
QA/QC and were obtained from OREAS based in Australia. These
standards were OREAS 504c and OREAS 524. These standards, as well
as blanks and duplicates, were inserted into the assay stream by
Kennecott Exploration personnel with no input from American Pacific
Mining or ALS Global. ALS Global created pulp duplicates during
sample preparation and added numerous laboratory standards to the
analysis.
Qualified Person
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.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a gold explorer focused on
precious metals opportunities in the Western United States. The
Madison Mine in Montana, under option to joint venture with
Kennecott Exploration Company, is the Company’s flagship asset. The
Gooseberry Gold-Silver Project and the Tuscarora Gold Project,
under option to Elko Sun Mining, are two high-grade, precious
metals projects located in key mining districts of Nevada USA. The
Company’s mission is to grow by the drill bit and by
acquisition.
On Behalf of the Board of American Pacific Mining Corp.
"Warwick Smith"CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver,
BC, V6C 3A8 CanadaContact Kristina Pillon, President, High
Tide Consulting Corp., 604.908.1695
/ Kristina@americanpacific.ca
The CSE has neither approved nor disapproved the contents of
this news release. Neither the CSE nor its Regulation Services
Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this
release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ce44de4a-6027-410b-94f4-6089c7b4675c
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