American Pacific Mining Receives Drill Permit Approval for the Madison Copper-Gold Project and Prepares to Test High-Priority Porphyry and Skarn Targets

Executive Summary

• American Pacific Mining Corp. received a drill permit for the Madison Copper‑Gold Project in Montana, enabling commencement of a multi‑target drilling campaign.
• The program plans up to 30 holes across 7 fully permitted pads (12 additional pending), including two deep 900‑m tests of porphyry targets and step‑out drilling of high‑grade skarn zones.
• Management highlighted ongoing discussions with prospective partners and potential joint‑venture, asset sale, or spin‑out opportunities tied to the expanded drill program.

Key Details

• Permit Approval: Drill permit granted for Madison Project and Berkley Pit Mine within the Idaho‑Montana Porphyry Belt.
• Permitted Pads: 7 drill pads fully permitted; 12 more pending approval.
• Planned Drilling Scope: Up to 30 holes, featuring:
• Two deep (≈900 m) porphyry tests.
• Step‑out drilling of high‑grade copper‑gold skarn targets along the Silver Star structural corridor.
• Infill and extension drilling of structures open at depth and strike.
• District‑scale testing of untested geophysical/geochemical anomalies, including a newly identified mafic intrusion with surface samples up to 38.5 g/t Au and 33 g/t Ag.
• Historical Production (Madison): Small‑scale production ended in 2012; 2.7 M lbs Cu at 20‑35% grade. Prior drilling (2017) intersected:
• 30.18 m @ 24.50 g/t Au, 0.39% Cu (UG17‑05).
• 10.97 m @ 41.65 g/t Au, 0.38% Cu (UG17‑06).
• Management Comments:
• Eric Saderholm (Managing Director of Exploration) emphasized the flexibility provided by structuring the program across two BLM Notices of Intent.
• CEO Warwick Smith noted heightened commodity demand and ongoing advanced discussions with prospective partners, anticipating joint‑venture, asset sale, or spin‑out activity in coming weeks/months.
• Qualified Person: Eric Saderholm, P.Geo., reviewed and approved technical aspects under NI 43‑101.

Notable Quotes

“We are very pleased to have received approval to advance the next phase of drilling at Madison.” – Eric Saderholm, Managing Director of Exploration

“The current commodities market has heightened the demand for high‑quality mineral projects… we expect to unlock significant value through potential new joint‑venture partnerships, asset sales and spin‑outs in the weeks and months ahead.” – Warwick Smith, CEO & Director