Work Programs Completed At The Palmer Project

VANCOUVER - American Pacific Mining Corp reported on the work programs completed in 2022 at the Palmer Project located within the Porcupine Mining District of the Haines Borough, Alaska. The 2022, multi-purpose work program focused on preparations for initiating an extensive underground exploration program in 2023.

The major elements of the 2022 program included: 1) An engineering review of the underground portal access road and 60% of the access road construction was completed. 2)Lease, permitting and site preparation for a 60-person all-season camp slated for occupancy in June 2023 to support the planned exploration activity. 3) A seven-hole exploration drilling program totaling 3,546 meters to test the offset of the South Wall deposit and the Terminus and Jasper Mountain targets. 4) Environmental and permitting, including on-going environmental baseline studies and compliance work. 5) Engineering studies including a metallurgical sampling program completed with sample compilation in progress, and a production site evaluation that provides an alternate production portal, mill and tailing management analysis.

“We are pleased with the progress made during the last year at Palmer with the total aggregate investment in exploration and development to-date over US $68.7 million,” stated Warwick Smith, CEO and Director, of American Pacific. “We look forward to collaborating with our joint venture partner Dowa to finalize the budget and workplans for 2023 during Q1/2023.”