VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) — American Pacific Mining Corp (CSE:USGD) (“APM” or the “Company”) is pleased to announce the expansion of the Tuscarora Gold Project through the additional staking of 67 claims in Elko County, Nevada. The 24 claim, 447 acre project has significantly increased in size to 91 claims and 1818 acres. Tuscarora consists of two previously-tested, high-grade gold drill targets, the South Navajo and the East Pediment Zones. A drill permit is expected shortly for a planned 19 hole drill program that includes both reverse circulation and core drilling of the two main target zones.
Eric Saderholm, President & Director of American Pacific commented: “The Tuscarora land package is now a comfortable size at a total of 1,818 acres. We are ready to begin this next phase of exploration to test the continuity and resource potential of this epithermal vein system.” To the north of the main claim block is patented land, and to the south of the project, private land primarily utilized by the local ranching community.
Mining of high-grade gold and silver ores began in the Tuscarora District in the late 1800’s. The Dexter gold mine, located south of town and north of the project, produced approximately 40,000 ounces of gold and 100,000 ounces of silver in the mid 1980’s. Nevada is a world-renowned, gold producing State with a long mining history. Nevada mines were responsible for 78% of the gold production in the United States in 2015.
The company has granted to Hybrid Financial Ltd for marketing and investor relations services, the option to purchase 100,000 shares of the company’s common stock at an exercise price of $0.30 (five year term). Hybrid will also receive a monthly retainer fee in the amount of CAD$5,000. The contract has an initial 6 month term.
Technical aspects of this press release have been reviewed and approved by the designated Qualified Person (QP) under National Instrument 43-101, Eric Saderholm, P.Geo.
American Pacific Mining Corp. is a new 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.
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC V6C 3A8 Canada
Investor Relations: firstname.lastname@example.org Phone: 1-866-646-5389