American Pacific Files Updated Technical Report for the Past-Producing Gooseberry Silver-Gold Project

Core Viewpoint - American Pacific Mining Corp. has filed an updated National Instrument 43-101 for the Gooseberry Silver-Gold Project, highlighting its potential in the context of rising silver prices and the demand for domestic US supply of critical metals [1][3]. Company Overview - American Pacific Mining Corp. is focused on precious and base metals exploration and development in the Western United States, with its flagship asset being the 100%-owned Madison Copper-Gold Project in Montana [9]. - The company has established a significant equity position in the Palmer Copper-Zinc VMS Project in Alaska, securing $15 million in milestone upside exposure [9]. - The company aims to provide shareholders with discovery and exploration upside through partnerships, spin-outs, and direct exploration [10]. Project Details - The Gooseberry Silver-Gold Project is a low sulphidation, epithermal vein system that includes the historical Gooseberry mine, which operated from 1900 to 1990 [2]. - The company holds a 100% interest in the Gooseberry project with no underlying royalties [2]. Market Context - Silver prices have surged over 160% since the beginning of 2025, increasing the prospectivity of the Gooseberry project [3]. - The demand for secure, domestic US supply of silver is growing, particularly due to silver's role in high-tech applications and the energy transition [3]. Drilling Highlights - Recent drilling results include: - GB21-07: 6.9 meters of 0.91 grams per tonne (g/t) gold and 48.8 g/t silver, with a notable intersection of 3.0 meters of 1.83 g/t gold and 99.5 g/t silver [7]. - GB23-07: 4.6 meters of 1.04 g/t gold and 127.6 g/t silver [7]. - GB21-09: 16.8 meters of 0.26 g/t gold and 7.0 g/t silver, including 4.6 meters of 0.97 g/t gold and 99.2 g/t silver [7]. - Additional notable assays include intersections with significant gold and silver grades across various drill holes [8]. Exploration Potential - The Gooseberry project is located in the Ramsey Mining District, which is near historically prolific mining areas, suggesting significant exploration potential [5]. - Structural trends observed in the Ramsey and Talapoosa Mining Districts indicate opportunities for further discovery at Gooseberry [5].