American Pacific Files Updated Technical Report for the Past-Producing Gooseberry Silver-Gold Project
Executive Summary
- American Pacific Mining Corp. filed an updated NI 43‑101 technical report for its 100 % owned Gooseberry Silver‑Gold Project in Storey County, Nevada.
- The report highlights multiple high‑grade intercepts from recent drilling, including up to 313 g/t Ag and 2.98 g/t Au over 3.0 m (hole GB21‑09).
- Management emphasizes the project’s strong prospectivity amid a surge in silver prices (+160 % YTD 2025) and positions Gooseberry as a potential domestic U.S. silver source.
Key Details
- Technical Report: “Technical Report, Gooseberry Property, Storey County, Nevada, USA” (effective Dec 3 2025), prepared by Steven L. McMillin, M.Sc., Qualified Person under NI 43‑101; available on SEDAR and the company website.
- Ownership: 100 % undivided interest, no underlying royalties.
Highlighted Drill Intercepts
| Hole | Length (m) | Au (g/t) | Ag (g/t) |
|---|---|---|---|
| GB21‑07 | 6.9 | 0.91 (incl. 3.0 m @ 1.83 g/t Au) | 48.8 (incl. 99.5 g/t Ag) |
| GB23‑07 | 4.6 | 1.04 | 127.6 |
| GB21‑09 | 16.8 | 0.26 (incl. 4.6 m @ 0.97 g/t Au & 99.2 g/t Ag; 3.0 m @ 2.98 g/t Au & 313 g/t Ag) | |
| GB21‑02 | 3.4 | 1.04 (incl. 0.6 m @ 4.07 g/t Au & 92 g/t Ag) | 27.8 |
| GBC21‑02 | 1.8 | 0.62 (incl. 0.6 m @ 1.64 g/t Au & 181 g/t Ag) | 74.0 |
Additional Notable Assays (selected): - GBC21‑01: 3.1 m @ 0.01 g/t Au, 17.8 g/t Ag; 1.5 m @ – Au, 21.0 g/t Ag. - GB21‑10: 6.1 m @ 0.37 g/t Au, 23.8 g/t Ag (incl. 3.9 m @ 0.71 g/t Au, 86.4 g/t Ag). - GB21‑06: 9.2 m @ 0.42 g/t Au, 10.8 g/t Ag (incl. 1.5 m @ 1.15 g/t Au, 11.8 g/t Ag).
Geological Context: Gooseberry is a low‑sulphidation epithermal vein system within the historic Ramsey Mining District, adjacent to prolific districts such as Comstock and Talapoosa.
Management Commentary
- Warwick Smith (CEO): Highlights silver’s critical role in energy transition and growing U.S. supply demand; expects value creation from Gooseberry.
- Eric Saderholm (Managing Director of Exploration): Notes structural similarities to historic high‑output districts, underscoring discovery potential.
Notable Quotes
“Silver's role as a critical metal in high‑tech, electrification and the broader energy transition is becoming increasingly clear… we are keen to surface value from Gooseberry.” – Warwick Smith, CEO
“The Ramsey Mining District is clustered amongst some of the most famous and prolific mining districts in Nevada…” – Eric Saderholm, Managing Director of Exploration