Northwire Canada EditionFriday, November 6, 2026
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Gold 4,113.50 +1.0% Silver 52.38 +0.2% Copper 6.21 −3.4% Oil 90.52 +2.7% Palladium 1,034.00 +3.1% GRZ 5.25 −8.7% TNGD 5.20 +2.0% IMG 24.46 −0.1% III 6.05 −2.6% SCMI 0.900 −5.3% TSK 0.810 −1.2% MEK 0.040 +0.0% GAU 2.99 +2.0% SVM 11.69 −3.5% NGEX 20.70 −4.6% WPM 185.96 +1.2% ETG 2.58 −7.9% CG 29.87 −0.2% EMO 0.190 −2.6% TUF 0.660 −5.7% APMI 0.095 −13.6% Gold 4,113.50 +1.0% Silver 52.38 +0.2% Copper 6.21 −3.4% Oil 90.52 +2.7% Palladium 1,034.00 +3.1% GRZ 5.25 −8.7% TNGD 5.20 +2.0% IMG 24.46 −0.1% III 6.05 −2.6% SCMI 0.900 −5.3% TSK 0.810 −1.2% MEK 0.040 +0.0% GAU 2.99 +2.0% SVM 11.69 −3.5% NGEX 20.70 −4.6% WPM 185.96 +1.2% ETG 2.58 −7.9% CG 29.87 −0.2% EMO 0.190 −2.6% TUF 0.660 −5.7% APMI 0.095 −13.6%
Drill Results

American Pacific Reports Underground Assays from Breccia Pipe and Decline Sampling at Madison Project

American Pacific Confirms High-Grade Underground Mineralization at Madison Project Ahead of 15,000-Metre Drill Program

By The Northwire Desk — AI Analysis May 07, 2026 · 03:06 USGD · 0.175 American Pacific Mining Corp. - OLD
Executive Summary
  • American Pacific Mining Corp. reported high-grade assay results from underground sampling at its Madison Copper-Gold Project in Montana on May 7, 2026.
  • Sampling targeted a newly identified breccia pipe and historical mine decline ramp, revealing copper up to 25%, gold up to 3.19 g/t, and silver up to 27.2 g/t.
  • Results confirm a vertically and laterally continuous mineralized system linking shallow skarn mineralization to a deeper porphyry source.
  • Sampling was enabled by seasonal groundwater level reductions exposing previously flooded underground sections.
  • Management indicated the copper grades sampled were better than anticipated, suggesting the mineralizing system extends further south and west than previously thought.
  • Next steps include integrating results into 3D models and refining drill angles for upcoming reverse circulation (RC) and diamond drilling programs targeting near-surface and deeper porphyry mineralization.
Material Impact
  • The news validates the geological model supporting the 15,000-metre drill program announced on May 4, 2026, reducing exploration risk for the upcoming campaign.
  • While high-grade sampling is positive, it represents historical underground data rather than new drilling results from the current program, limiting immediate valuation impact compared to a resource estimate update.
  • The confirmation of porphyry pathfinder elements and system continuity supports long-term project potential but does not constitute a material change in financial outlook or production status at this stage.
  • Given the prior announcement of a fully-funded drill program, this sampling data is viewed as incremental validation rather than a surprise discovery that fundamentally alters the investment thesis.
USGD · Price
Company Overview
  • American Pacific Mining Corp. is an exploration company focused on advancing its Madison Copper-Gold Project in Montana as the primary asset following portfolio restructuring.
  • The Madison Project historically produced 2.7 million lbs of copper at grades between 20% to 35% before ceasing operations in 2012, with nearby mines producing significant gold ounces.
  • Recent exploration efforts have focused on identifying a deeper porphyry source linked to the known skarn mineralization using geophysics (MT surveys) and underground sampling.
  • The company has divested non-core assets including the Palmer VMS Project (sold to Vizsla Copper) and the Tuscarora District (sold to ICG Silver & Gold) to concentrate capital on Madison.
Read the original news release →

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