VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE:USGD) (OTCPK:USGDF) (FWB:1QC) (“APM” or the “Company”) is pleased to announce that drilling has commenced at the 1,818 hectare Tuscarora Gold Project in Elko Nevada. The staged drill program will include an initial 7500 feet of drilling, or approximately 10-12 holes. Results will be evaluated and then a second stage of drilling will complete the approximate 19-hole program.
Eric Saderholm, President & Director of APM comments: “There are two drills turning now at Tuscarora. The most cost-effective way to complete this program is to use a Reverse Circulation rig to drill through the gravel cover which varies between 150-550 feet, depending on the hole location. We will then case the holes in preparation for core drilling through the bedrock.” Saderholm continues: “The hidden nature of the South Navajo Vein is the main reason that it remains intact and not already mined out by historical mining methods. Our increased land position and the open-ended nature of the Navajo Vein set puts us in an advantageous position moving forward. We are now able to follow up and expand upon the positive results from Novo Resources’ 2016 drilling. Historic drilling has been Reverse Circulation and coring will give us valuable information on the true nature and controls of the mineralization.”
Optioned from Novo Resources (TSXV:NVO) in late 2017, the Tuscarora Gold Project is a low-sulfidation, epithermal property in Elko Nevada. The District has had a sustained, exploration efforts since the early 1980’s. This effort has been almost continuous, with each subsequent operator building on the previous operators work. The District displays gold and silver in low sulfidation, epithermal quartz-adularia veins and stockwork veins associated with dacitic intrusives and structures formed along the southeast margin of Mount Blitzen.
Qualified Person
Technical aspects of this press release have been reviewed and approved by the designated Qualified Person (QP) under National Instrument 43-101, Eric Saderholm, P.Geo.
About Us
American Pacific Mining Corp. is a new gold explorer focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early stage gold project located in a prime precious metal district in Nevada, only 35km northeast of the Carlin trend, 20km southwest of the Jerritt Canyon deposit, and 50km east-northeast of the Midas deposit. American Pacific is Eyeing a Gold Discovery amidst gold’s next bull market.
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 Canada
Investor Relations: investor@americanpacific.ca Phone: 1-866-646-5389
Forward-looking Information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to planned exploration activities and the expected timing of the receipt of results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance of services by third parties.
Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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 http://resource.globenewswire.com/Resource/Download/96ee2c8d-c485-430c-872c-0e6e8247ffef