Updated Report For Past-Producing Gooseberry Silver-Gold Project

VANCOUVER – American Pacific Mining Corp. has filed an updated National Instrument 43-101 for the Gooseberry Silver-Gold Project located in Storey County, Nevada. This is a a low sulphidation, epithermal vein system encompassing the historical Gooseberry Silver-Gold mine. The past-producing underground silver and gold mine operated for nearly a century between 1900 and 1990, after which mining ceased due to low precious metals prices, with limited modern exploration work having been completed on the project since 1991.
“With silver prices surging over 160% since the beginning of 2025, we are eager to highlight the high prospectivity of our past-producing Gooseberry Silver-Gold Project located in one of the world’s premier mining jurisdictions of Nevada,” said CEO, Warwick Smith. “Silver’s role as a critical metal in high-tech, electrification and the broader energy transition is becoming increasingly clear, and the need for secure, domestic US supply is growing. We are keen to surface value from Gooseberry and continue to evaluate a range of avenues to unlock that value as demand for new sources of US silver accelerates.”
GB21-07 intersected 6.9 metres (m) of 0.91 grams per tonne (g/t) gold (Au) and 48.8 g/t silver (Ag), including 3.0m of 1.83 g/t Au and 99.5 g/t Ag. GB23-07 intersected 4.6m of 1.04 g/t Au and 127.6 g/ Ag. GB21-09 intersected 16.8m of 0.26 g/t Au and 7.0 g/t Ag, including 4.6m of 0.97 g/t Au and 99.2 g/t Ag and 3.0m of 2.98 g/t Au and 313.0 g/t Ag. GB21-02 intersected 3.4m of 1.04 g/t Au and 27.8 g/t Ag, including 0.6m of 4.07 g/t Au and 92.0 g/t Ag. GBC21-02 intersected 1.8m of 0.62 g/t Au and 74.0 g/t Ag, including 0.6m of 1.64 g/t Au and 181.0 g/t Ag.