Commencement Of A CSAMT Geophysical Survey At The Gooseberry Silver Project

VANCOUVER - American Pacific Mining Corp has initiated a Controlled-source Audio-frequency Magnetotelluric (CSAMT) geophysical survey to determine priority targets ahead of a 2022 drill program at the Gooseberry Silver Project in Nevada. CSAMT is a geophysical method used to determine subsurface resistivity between different rock types. At Gooseberry, the Company is expecting the survey to help “map” the subsurface mineralized epithermal quartz veins. Past CSAMT surveys have demonstrated that mineralized quartz veins typically have a higher resistivity signature as opposed to the country rock which at Gooseberry is volcanic andesite. The objective of the geophysical survey, which will cover the entire 708-acre Gooseberry Property, is to identify zones rich in silicification or quartz veining — the primary ore-host at the project — with the objective of identifying new priority targets for the Company’s planned 2022 Phase II drill program. This is the first survey of its kind on the Gooseberry Property.

American Pacific has commissioned Zonge Engineering, an industry-leader in geophysical techniques, to conduct the survey and Wright Geophysics, a respected Nevada-based exploration company, to deliver the final cross sections, interpretations and reports. American Pacific expects the survey to be completed within three weeks.

“Geophysical data collected from this CSAMT survey, combined with ongoing geochemical data from soil sampling survey already underway at the project, will provide us detailed information from which we will determine priority drill targets for a robust drill program planned for later this year,” stated President Eric Saderholm. “In addition to the newly discovered parallel vein proximal to the historic Gooseberry vein, this combination of CSAMT and geochemistry will help define targets located to the west and south of the known vein occurrences.”