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News Update

TICKERS: USGD; USGDF

Exploration Work Now Underway at Nevada Gold Project
News Update

Source:

Following preliminary work, drilling is expected to commence this summer.

American Pacific's Tuscarora Project Drilling

American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release its current exploration plans and schedule for the Tuscarora gold project in Nevada.

Work on this 1,818-acre, high-grade, low sulphidation epithermal property will include mapping and assessment of "visible veins, shafts road cuts and workings to incorporate large faults and regional structures into the planned geophysical program," the release noted. These efforts are already in progress, as is procuring updated air photo, topographic images and microtopographic data to delineate structural nuances for inclusion in the three-dimensional model.

Starting this month, Magee Geophysical Services will conduct a gravity survey to complement the previous one done in 2018. Subsequently, in about mid-June, Zonge International will do a controlled source audiofrequency magnetotellurics geophysics survey on the property. Those data will be reviewed in late June-early July.

"Results from the geophysics will help to delineate the priority drill targets outside the South Navajo vein zone where we currently have the most data," President Eric Saderholm said in the release.

Drilling will follow, beginning in the summer.

OceanaGold, American Pacific's joint venture partner, will lead the exploration. OceanaGold has the exclusive right to explore, evaluate and develop the Tuscarora property and in exchange, earn an undivided 51% interest in it over four years.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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