Madison Copper-Gold Project Drilling Programs

VANCOUVER - American Pacific Mining Corp reported drill results from its 2021 drilling programs conducted by Kennecott Exploration Company, a division of the Rio Tinto Group, on the Madison Copper- Gold Project, in Montana. The Kennecott drilling program consisted of 10 core holes for a total of 3,598 meters (m), which focused on extensions of high-grade gold-copper skarn mineralization as well as new target concepts at Madison. Highlights: MADN0033 cut 14.44 g/t gold (“Au”) and 0.11% copper (“Cu”) over 6.53 m, including 39.57 g/t Au and 0.28% Cu over 2.35 m and 146 g/t Au and 0.98% Cu over 0.48 m (third highest gold intercept ever reported at Madison); MADN0033 assay results demonstrate the significant potential to extend high-grade Au-Cu mineralization down plunge; New gold zone identified by drill hole MADN0033 is 55 meters from nearest drill intercept and 100 meters down dip; MADN0026 cut 2.01 g/t Au over 6 m and disseminated lower grade gold over 26 m; and MADN0032 intersected 1.64 g/t Au over 9 m within limestone breccia beyond the skarn, highlighting the potential for additional gold-bearing styles of mineralization at Madison.    

President, Eric Saderholm, said, “The gold assays reported in MADN0033 represent the highest-grade gold intercepts reported to-date for American Pacific across our portfolio since the inception of the Company, and the third highest ever reported at Madison. The potential down plunge from MADN0033 is evident and the intersection of numerous styles of gold and copper mineralization across multiple rock units and lithologies is also quite encouraging. This speaks to the unique and powerful systems at Madison. We look forward to collaborating with our partner in the coming weeks to complete further modeling, analysis and define future exploration plans.”

The 2021 program was the third successful drilling campaign at the Madison Project. Drill hole MADN0033 was the highlight and will be the vector for additional drilling in the currently known mineralized area in 2022. Ten holes were drilled and nine of them encountered mineralization anomalies in a broad array of different rock lithologies. The Madison deposit contains numerous different styles of gold and copper mineralization, all of which can carry substantial metal values. This is an important point to emphasize. Every drill hole is an essential part of making deposits like Madison become mines. Drill hole MADN0032 is very interesting to the geologists at American Pacific Mining due to the strongly anomalous gold values that were encountered in a limestone rock package that has previously not been known to host mineralization. Hole MADN0033 also shows highly anomalous gold mineralization in iron-rich skarn, and warrants exploration drilling follow-up. Every drill hole from 2019 to 2021 has helped to further define the currently known mineralization and provided ample exploration vectors for additional targets both laterally and down-dip.