American Pacific Mining Corp Announces 2023 Drill Plans for Gooseberry Project in Nevada, Targeting High-Grade Silver and Gold Veins
During the 2022 field season, a total of 2,889 soil samples were collected for silver (“Ag”) and gold (“Au”) analysis. The Gooseberry project database has been updated with assay findings.
The drilling schedule for 2023 has been modified and re-permitted in order to test new targets identified by soil geochemistry and integrated CSAMT geophysics conducted in 2022. In the first quarter of 2023, about 15 holes of up to 3048 meters (10,000 feet) of Phase II reverse circulation drilling are anticipated to begin. During the 2022 field season, a total of 2,889 soil samples were collected for silver (“Ag”) and gold (“Au”) analysis. The Gooseberry project database has been updated with assay findings.
“The 2022 CSAMT survey results revealed various structural characteristics that are not visible at the surface due to extensive soil formation within the volcanic host rocks,” said Eric Saderholm, President of the Company. “Interestingly, silver anomalies in soils have verified these CSAMT abnormalities. These data sets were generated and assembled independently; but, when studied together, they demonstrate similar mineralization patterns throughout the property that run parallel to the known Gooseberry Vein.” “Trace silver values connected with these anomalies are higher than those observed along the trace of the genuine Gooseberry Vein,” Saderholm stated. In fact, a new exploration target, the Elderberry Vein, has emerged as a priority for drilling in 2023.”
American Pacific’s geologists have used all possible discovery tools to refine the drilling sites for 2023. The Company has already acquired permits for a 2023 program that will include approximately 15 drill holes for a total of 3,000 meters (10,000 feet) of drilling along the expansion of the Gooseberry Vein, as well as the Elderberry and Strawberry Zones.
Concerning The Gooseberry Project
The Gooseberry Project is located in Storey County, Nevada, in the Ramsey Mining District. Past exploration in this area has mostly focused on east and west projections, as well as probable extensions of the existing Gooseberry Vein. Parallel or cross-cutting veins and structures received little attention. There is no historical documentation of property-wide geochemical or geophysical work. American Pacific is dedicated to thorough exploration and appraisal of the whole Property, believing that this strategy has the potential to provide significant exploration upside far beyond the area that supported previous production.
This comprehensive approach employs time-tested procedures including as mapping, rock sampling, soil geochemistry, and air-photo stereoscope structural work. This extensive effort also includes more current exploration technologies, such as clay species spectrum analysis, CSAMT geophysics, and satellite photography. Throughout past mining and development endeavors, these specialized exploratory techniques were either poorly developed or unavailable.
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The Property’s mineralization consists of high-level epithermal gold and silver-bearing quartz/carbonate veins emplaced in Miocene Alta and Kate Peak Formations intermediate volcanic lavas and tuffs. The huge, historic Comstock Lode areas, located 17 kilometers southwest of the Property, were created among similar composition and age rocks. In the late 1800s, the Comstock Mines produced 8 million ounces of gold and 270 million ounces of silver. In 1906, the Gooseberry Vein was discovered. Large-scale mining operations began on the land in 1975 and ended in early 1992. In 2021, American Pacific resumed exploratory activities.
The CSAMT data were collected in the summer of 2022 by Reno-based Zonge Engineering workers and evaluated by a professional geophysicist in Elko, Nevada. During H2/2022, American Pacific technicians collected soil samples. Samples were delivered to Paragon Laboratories in Sparks, Nevada and examined for silver, gold and trace elements using the assay code “50AR-MS”. American Pacific collated all sampling results received until late 2022.
American Pacific Mining Corp is a precious and basic metals exploration and development concentrating on Western United States possibilities. The Company has two flagship assets: a 14 million tonne, high-grade Palmer Volcanic Massive Sulfide (VMS) project in Alaska under a joint-venture partnership with Dowa Metals & Mining, owner of Japan’s largest zinc smelter; and the Madison Copper-Gold project in Montana under a joint-venture partnership with Kennecott Exploration, a division of the Rio Tinto Group. American Pacific was named a nominee for ‘Deal of the Year’ at the S&P Global Platts Global Metals Awards in both 2021 and 2022 for the Madison deal, an annual event that rewards excellent accomplishments in 16 performance areas. The Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project, both located in important mining regions of Nevada, USA, are also part of American Pacific’s asset portfolio. The Company’s objective is to expand through acquisition and drilling.
The mining business is an important economic sector that offers several opportunities to investors, miners, and stakeholders. The dedication of American Pacific to systematic investigation and appraisal of the whole Property represents a fantastic opportunity for investors to participate in the exploration and development of high-grade precious metals prospects in Nevada. American Pacific is ready to continue its mining sector growth trajectory with the completion of the 2022 soil geochemistry and integrated CSAMT geophysics for target generation at the Gooseberry Project and the 2023 drilling program.
The Gooseberry Project is situated in a location with a strong mining history, with the adjacent Comstock Lode zone producing considerable amounts of gold and silver in the late 1800s. The Gooseberry Project’s mineralization is similar to that of the Comstock Lode district, with high-grade epithermal gold and silver-bearing quartz/carbonate veins. The Company believes that rigorous exploration and appraisal of the whole property could yield considerable exploration upside beyond the area where previous production occurred.
American Pacific’s commitment to using both historically proven techniques and modern exploration tools, such as clay species spectral analysis, CSAMT geophysics, and satellite imagery, demonstrates the Company’s commitment to using all available discovery techniques to refine their drilling targets. This comprehensive strategy demonstrates American Pacific’s dedication to responsible and sustainable mining methods.
The 2023 drilling program, which is set to begin in the first quarter of 2023, is planned to contain about 15 drill holes totaling 3,000 metres (10,000 feet) of drilling along the expansion of the Gooseberry Vein, as well as the Elderberry and Strawberry Zones. These new opportunities, which have been developed by soil geochemistry and integrated CSAMT geophysics, may provide investors an exciting opportunity to participate in the exploration and development of high-grade precious metals assets in Nevada.
The portfolio of precious and base metals properties held by American Pacific, which includes the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project, demonstrates the company’s dedication to growth through the drill bit and acquisition. The Company’s collaborations with Kennecott Exploration and Dowa Metals & Mining provide investors with additional options to engage in the exploration and development of high-grade precious metals properties in the Western United States.
