American Pacific reports high-grade samples from Madison Project

Madison is under a joint-venture earn-in agreement, whereby Rio Tinto may earn up to 70% of the project by spending US$30 million.

Highlighted sample results:

• 40485321: 9.93 g/t Au; 3.40 g/t silver (Ag); 0.08% Cu.
• 40485246: 13.30 g/t Au; 7.83 g/t Ag;0.04% Cu.
• 40485201: 12.35 g/t Au; 5.76 g/t Ag;0.01% Cu.
• 40485221: 32.40 g/t Au; 39.60 g/t Ag; 0.02% Cu.
• 40485233: 0.13 g/t Au; 1.49 g/t Ag; 0.26% Cu.
• 40485284: 7.36 g/t Au; 38 g/t Ag; 6.90% Cu.

A total of 73 rock chip samples were collected from five specific exploration targets: the Archean Section, America Pit; Devonian Jefferson Dolomite; Hudson Mine; and Western Skarn Contact, each of which contained high-grade samples.

Eric Saderholm, President, American Pacific, comments:

“American Pacific is particularly encouraged by the high-grade gold values obtained from this program which confirm a large mineralised system.

“Surface gold and copper mineralisation occurrences within this system have been identified over an 11 km² area. A major thrust fault zone, the Silver Star Fault, dissects the property placing older Precambrian rocks against and above the favourable Paleozoic carbonates and the Radar Creek intrusive complex, the probable source of the Madison mineralisation. The Silver Star Fault system appears to be related to a deep crustal fault zone that connects to the Butte porphyry deposits located 38 km to the northwest. All five targets present significant exploration possibilities within the district. The Archean target is virtually untested and is of particular interest to our geologists due to the pronounced geophysical anomalies and the coincident historic gold values of up to 48.5 g/t.”

Read the article online at: https://www.globalminingreview.com/mining/09022023/american-pacific-reports-high-grade-samples-from-madison-project/