Large New Target Concept And Project-Wide Exploration Potential At Madison Copper-Gold Project

VANCOUVER - American Pacific Mining Corp reported on the analysis of the Madison Copper-Gold Project conducted by a skarn expert, commissioned by operating partner, Rio Tinto, which identified the presence of a large new target area that is expected to be a key focus for exploration and drilling during 2023.

Report Conclusions: 1)  The skarn portion of the mineralized footprint is a robust, up to 130 meters thick zone, comparable to other globally known skarn deposits. 2) The abundance of limestone, dolomite and other calcareous units in the area are favorable to the formation of skarn deposits. 3) The mapped (favorable) carbonates in the area measure approximately 2,100 meters by 650 meters, presenting significant potential for additional mineralization within the Project area. 4) Thrusted rock, while not conducive to skarn mineralization may be concentrating ore-bearing fluids into favorable rocks by acting as an impermeable cap, while also concealing additional potential skarn deposits distal to the exposed mineralization. 5) Systematic testing of distal areas that have no/limited drilling to-date, is also recommended.

“The recommendation from the skarn expert is that Kennecott Exploration (the exploration division of the Rio Tinto Group) continue to explore for mineralization in the carbonate rocks known to host the skarns. Additionally, he suggests that surface mineralization, such as copper-rich gossans could exist as the products of the erosion of shallower orebodies,” stated President Eric Saderholm. “Testing these new areas could expand mineralization in areas that have never been drilled. We believe this recommendation will mean Rio Tinto will continue to actively explore Madison as part of their joint venture commitments.”