American Pacific Mining Announces Earn-In Agreement - Tuscarora Gold Project

VANCOUVER - American Pacific Mining Corp reported has entered into an earn-in and option to form joint venture agreement in respect of the Company’s Tuscarora Gold Project with Elko Sun Mining Corp. (the “Optionee”), a private British Columbia Company.

Warwick Smith, CEO, said, “Tuscarora is a high-grade epithermal system that has produced some great results previously so we are pleased to see it receive more exploration in the coming months. This is another strong transaction for American Pacific shareholders that will create value via exploration without us having to use our own treasury.”

Eric Saderholm, President of the Company, said, “Nevada is the top investor-friendly jurisdiction for mining, and we consider Tuscarora a premier property worthy of extensive evaluation. I look forward to working alongside our Joint Venture team as we move this gold discovery forward at Tuscarora.”