American Pacific Mining Reports High-Grade Samples from Madison Copper-Gold Project
VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report high-grade gold (“Au”) and copper (“Cu”) rock chip samples from a program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project (“Madison” or “the Project”) in Montana.
- VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report high-grade gold (“Au”) and copper (“Cu”) rock chip samples from a program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project (“Madison” or “the Project”) in Montana.
- Madison is under a joint-venture earn-in agreement, whereby Rio Tinto may earn up to 70% of the project by spending US$30 million.
- “American Pacific is particularly encouraged by the high-grade gold values obtained from this program which confirm a large mineralized system,” stated President Eric Saderholm.
- The American Pit was mined in the 1970s by open-cut mining methods along the Rader Creek-Madison Limestone contact.