VANCOUVER, British Columbia, June 04, 2019 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) is pleased to announce that a gravity survey crew is onsite this week at Tuscarora in Elko Nevada. Magee Geophysical Services has been contracted by operator OceanaGold Corporation, APM’s joint venture partner at the Tuscarora Project (refer to press release April 15, 2019). Magee will conduct the survey to enhance and infill the existing gravity data gathered last year at the high-grade, epithermal gold project.
“We are excited the field season is moving forward at Tuscarora, with OceanaGold in the process of lining up the various contractors we will need onsite,” commented Eric Saderholm, APM’s President. “Leading into the summer and the next drill campaign at Tuscarora, the team should have a fair amount of interesting geophysical data to examine.”
Magee Geophysical Services is a geophysical contractor specializing in land gravity and ground magnetic surveys, with over 38 years involvement in geophysical contracting and considerable worldwide experience. Gravity measurements are an important element when determining accurate vertical control used by today’s positioning systems. Magee Geophysical Services has experience with planning, execution, processing and QA/QC for both absolute and relative networks, resulting in high quality datasets with sufficient resolution to map regional geoid undulations, provide reliable gravity datums, determine near-surface vertical gravity gradients, or assist with regional isostatic investigations.
About OceanaGold Corporation
OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company's assets include: the Didipio Gold-Copper Mine on Luzon Island in the Philippines; the Macraes Goldfield Mine on the South Island of New Zealand; the Waihi Gold Mine on the North Island of New Zealand; and the Haile Gold Mine located in South Carolina, United States of America. OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Americas and Asia-Pacific regions.
About Us
American Pacific Mining Corp. is a 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
Contact: 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.
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