American Pacific continues Madison drill targeting

Executive Summary

• American Pacific Mining Corp. reports new geological discoveries and refined target vectors at its Madison Copper-Gold Project in Montana, directly supporting preparation for an upcoming drill program scheduled to begin this quarter.
• Significant underground access was gained due to seasonal drops in water levels, exposing 150 feet of new, highly altered ramp for systematic sampling and mapping.
• A key geological discovery of phreatic breccia linking underground workings to the Victoria pit has been identified, providing critical structural data to vector toward a potential porphyry source.

Key Details

• New Ramp Exposure: Approximately 150 feet of additional decline was exposed due to lower underground water levels, creating a time-sensitive opportunity for data collection in a zone that had never been sampled before.
• Target Priority: The newly exposed zone is considered high-priority for detailed geological, structural, and geochemical work to understand metal distribution and refine drill targeting.
• Phreatic Breccia Discovery: Geologists identified a well-developed phreatic breccia with intrusive clasts containing chalcocite veins and native copper in the east rib, approximately 700 feet from the portal.
• Structural Linkage: The discovered breccia appears to align with the Victoria pit at surface, providing a second control point to define the body's rake and plunge.
• Geological Complexity: This discovery marks the sixth distinct breccia type recognized at Madison, highlighting the vigor of the hydrothermal system.
• Exploration Model Update: The addition of robust underground rock exposures bolsters confidence in the exploration model, moving beyond reliance solely on geochemical and geophysical datasets.
• Drill Program Timeline: The company plans to begin its planned drill program this quarter, utilizing the newly sharpened vectors derived from these geological findings.

Notable Quotes

• "These are the kinds of discoveries that only come from sustained, detailed work underground... The newly exposed, highly altered decline has revealed a well-defined phreatic breccia linking underground workings to surface giving our team tangible, geology based vectors that significantly sharpen our exploration model at Madison ahead of our planned drill program beginning this quarter." — Warwick Smith, Chief Executive Officer