American Pacific receives drill permit for Madison

Executive Summary

• American Pacific Mining Corp. received a drill permit for the Madison copper‑gold project, enabling commencement of a district‑scale 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 advanced discussions with prospective partners and potential joint‑venture, asset sale, or spin‑out opportunities tied to the Madison project and other portfolio assets.

Key Details

• Permit Approval: Drill permit granted for Madison project (43 km SE of Butte, MT) and Berkley Pit mine within Idaho‑Montana porphyry belt.
• Permitted Pads: 7 drill pads fully permitted; 12 additional pads pending approval.
• Planned Drilling Scope: Up to 30 holes from multiple pads; two deep 900 m tests targeting porphyry anomalies; step‑out drilling of high‑grade copper‑gold skarn along the Silver Star structural corridor; infill and extension drilling of open structures; 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: Small‑scale production ended 2012 – 2.7 M lbs Cu at 20–35 % grade. Prior drilling (2017) intersected 30.18 m @ 24.5 g/t Au, 0.39 % Cu and 10.97 m @ 41.65 g/t Au, 0.38 % Cu. Nearby Broadway/Hudson mines produced ~147,000 oz Au at 9.9 g/t.
• Management Comments:
• Eric Saderholm (Managing Director of Exploration) emphasized efficient surface disturbance management via two BLM notices of intent and flexibility for a robust district‑scale campaign.
• CEO Warwick Smith noted heightened commodity demand, advanced partnership discussions, and expectations of value creation through joint ventures, asset sales, or spin‑outs in the near term.
• Qualified Person: Technical content reviewed and approved by Eric Saderholm, P.Geo., 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 spinouts in the weeks and months ahead.” – Warwick Smith, CEO