Northwire Canada EditionSunday, August 30, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7% GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7%
Drill Results Routine +

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 →

More from American Pacific Mining Corp. - OLD

Jun 03, 2026 · 03:06

American Pacific Mining Identifies Large-Scale MT Anomaly at Madison Project with Drill Testing Underway

Drill Results Jun 01, 2026 · 03:06

American Pacific Commences 15,000-Metre Program at the Madison Copper-Gold Project in Montana

Drill Results May 28, 2026 · 03:06

American Pacific Confirms Madison Drill Mobilization Amidst Tight Cash Position

Drill Results May 19, 2026 · 03:06

American Pacific Mining Commences Nevada Field Work Amidst Madison Drilling Push and Portfolio Restructuring

Drill Results May 11, 2026 · 03:05

American Pacific Diversifies Nevada Footprint While Madison Drilling De-Risks Core Asset

Production / Operations May 04, 2026 · 05:01

Drill Execution Confirmed

Drill Results