Second Drill Rig Arrives at American Pacific Mining's Madison Copper-Gold Project and Commences Drilling Near-Surface Skarn Targets
MWN-AI** Summary
American Pacific Mining Corp. has announced the arrival of a second drill rig at its Madison Copper-Gold Project in Montana, marking a significant step in its ambitious exploration effort. The new reverse circulation (RC) drill rig has commenced operations as part of a fully-funded 15,000-metre drilling campaign initiated in early June 2026. This campaign is strategically designed to explore both near-surface skarn targets and deeper porphyry-style mineralization, which the company believes could form a substantial copper-gold system.
The primary focus of the RC drill is to conduct rapid and cost-effective assessments of near-surface skarn targets, which display similar geological characteristics to that of the historic Madison and Broadway Mine areas, known for their high-grade copper and gold output. These exploratory efforts aim to build on previous work and identify additional shallow, potentially high-grade mineralization, which could contribute towards the impending mineral resource estimate targeted for 2027.
Managing Director of Exploration, Eric Saderholm, expressed optimism about the ongoing drilling program, highlighting the potential for significant results as both the RC and core rigs work simultaneously to evaluate different layers of mineralization. The company's staged approach facilitates testing of near-surface targets while also assessing deeper exploration, thus providing investors with diverse potential outcomes from the same drilling initiative.
American Pacific, incorporated in British Columbia, has a strategic focus on precious and base metals exploration across the Western U.S. alongside several high-grade projects in key mining districts. The ongoing activities at Madison could establish it as a cornerstone asset for the company, potentially leading to substantial value creation for shareholders. Additional updates from the drilling campaign will be forthcoming as operations progress.
MWN-AI** Analysis
American Pacific Mining Corp. (CSE: USGD, OTCQX: USGDF) recently announced the arrival of a second drill rig at its Madison Copper-Gold Project in Montana, signaling an ambitious phase of exploration aimed at uncovering near-surface skarn targets. The ongoing 15,000-meter drilling campaign could provide significant upside for investors as the company aims to extend known mineralization and possibly reveal a larger copper-gold system.
From an investment perspective, the arrival of the drilling rig coincides with a broader market context where demand for copper and gold remains robust, largely due to their essential roles in green technologies and infrastructure projects. The Amercian Pacific drill campaign focuses on known historical high-grade production areas, which can enhance exploration credibility and potentially maximize the return on investment.
The dual strategy of utilizing reverse circulation (RC) drilling for shallow targets and core drilling for deeper porphyry targets diversifies risk while offering exposure to both immediate and long-term value. If Columbia can successfully delineate new mineralization, it may lead to a significant mineral resource estimate by 2027, heightening investor interest.
Investors should monitor the results from the drilling program closely, as successful extensions of the known mineralization could catalyze a positive shift in market sentiment towards the stock. Given the recent focus on metals critical for energy transition, investors might find American Pacific an attractive option for exposure to both copper and gold.
However, prospective investors should also consider the associated risks of exploration-based investments, including market volatility and the inherent uncertainties in mineral resource development. Therefore, conducting due diligence and keeping a close tab on ongoing exploration results and market conditions is crucial for anyone looking to engage with American Pacific Mining Corp.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) (WKN: A422L8) ("American Pacific," or the "Company") is pleased to announce that a second drill rig has arrived on site and is now turning at its 100%-owned Madison Copper-Gold Project ("Madison" or the "Project") in Montana to test near-surface skarn targets.
The reverse circulation ("RC") drill rig commenced drilling as part of the ongoing, fully-funded 15,000-metre program, which includes both diamond core and RC drilling, that began in early June (see June 1, 2026 news release). The 2026 drilling campaign at Madison is designed to aggressively test both near-surface skarn targets and deeper porphyry-style mineralization that management believes has the potential to underpin a large copper-gold system.
The RC drill will focus on rapid, cost-effective testing of a series of near-surface skarn targets that share key geological characteristics with the historic Madison and Broadway Mine footprint, an area with a history of high-grade copper and gold production. These targets are designed to build on past work and aim to identify additional shallow, potentially high-grade mineralization that could contribute to the first mineral resource estimate targeted for 2027. Success in this phase of the program could demonstrate the potential to grow the known mineralized footprint around the existing skarn system.
The staged RC and core strategy is intentionally designed to advance near-surface target testing in parallel with deeper system-scale exploration, providing investors with exposure to both potential shallow ounces and larger porphyry-style upside within the same drill program.
Image 1: O'Keefe Drilling testing the first RC hole (Hole ID M26RC-01)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10322/304730_ecc49372b4e66bf8_001full.jpg
"With RC drilling now underway to test multiple near-surface skarn targets and the core rig already stepping into the deeper porphyry environment, we are now in a position to generate steady results through the summer and, we hope, demonstrate the true scale of this system," commented Managing Director of Exploration, Eric Saderholm. "If we are successful in extending the known mineralization and vectoring into a larger copper-gold system, we believe Madison has the potential to become a cornerstone asset that can drive meaningful value for our shareholders."
See the June 1, 2026, news release for full details of the 15,000-metre drill program. Additional updates will be provided as drilling advances.
Qualified Person Statement
Technical aspects of this press release have been reviewed and approved by the designated Qualified Person under National Instrument 43-101, Eric Saderholm, P.Geo., Managing Director of Exploration for the Company.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company's flagship asset is the 100%-owned past-producing Madison Copper-Gold Project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for 'Deal of the Year' at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Through a 2025 transaction with Vizsla Copper, American Pacific has established a major equity position with milestone upside exposure to the advanced exploration-stage Palmer Copper-Zinc VMS Project in Alaska. American Pacific also holds a significant equity position in ICG Silver & Gold through a spin-out of the Tuscarora District Project in Nevada. Several additional high-grade precious metals projects located in key mining districts in Nevada remain in the asset portfolio. The Company's mission is to provide shareholders with discovery and exploration upside exposure across its portfolio through partnerships, spin-outs and direct exploration.
American Pacific is incorporated pursuant to the laws of British Columbia and its head office is located at Suite 910 - 510 Burrard Street, Vancouver, BC, V6C 3A8.
On behalf of the American Pacific Mining Corp Board of Directors: Warwick Smith, CEO & Director
Corporate Office: Suite 910 - 510 Burrard Street Vancouver, BC, V6C 3A8 Canada
Investor relations contact:
Kristina Pillon, High Tide Consulting Corp.
604.908.1695 / Kristina@americanpacific.ca
Media relations contact:
Adam Bello, Primoris Group Inc.
416.489.0092 / media@primorisgroup.com
Full disclosure can be found in our NI 43-101 Technical Report for the Madison Project at www.americanpacificmining.com.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
FORWARD-LOOKING STATEMENTS
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the Company's planned 2026 exploration campaign.
Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304730
FAQ**
How does American Pacific Mining Corp. USGD:CC plan to further identify high-grade mineralization at the Madison Copper-Gold Project following the initial results from its 2026 drilling campaign?
What potential impacts could the advancement of the Madison project have on Vancouver's mining sector, considering that American Pacific Mining Corp. USGD:CC is headquartered in the city?
In what ways might economic or regulatory conditions in British Columbia influence American Pacific Mining Corp. USGD:CC's future exploration and development strategies for the Madison project?
How are investors responding to American Pacific Mining Corp. USGD:CC's ongoing drilling activities and the anticipated results from the Madison Copper-Gold Project, and what implications does this have for the company's valuation moving forward?
**MWN-AI FAQ is based on asking OpenAI questions about American Pacific Mining Corp. (CNQC: USGD:CC).
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