American Pacific announces 2024 drilling and exploration programmes

The 2024 exploration programme will include a near-mine, 1350 m, five-hole Phase I diamond drilling programme, a planned Phase II regional drill programme, detailed scientific groundwork, incorporation of the newly acquired data and year-end mineral inventory modelling. The company’s Phase I programme has been designed to include drillholes within the skarn that will aim to confirm and extend mineralisation encountered in historical drilling.

2024 programme summary and objectives:

• Exploration of highly prospective untested target areas identified through the compilation of substantial historical and recent data.
• Phase I drill programme will commence this spring, consisting of five diamond drill holes for total of 1350 m, concentrating on the near-deposit area, allowing the company to gain valuable data regarding rock densities and mineralisation-type tonnages, and the extent of the high-grade Cu-Au mineralisation adjacent to previous mine workings.
• Detailed mapping, building on previously completed work, to refine deeper regional Phase II drill targets, including the western portion of the property which contains historical, undrilled gold values of up to 48.5 g/t Au, which the company believes represents leakage from a buried intrusive heat source.
• Phase II drill programme will include new regional discovery drilling, as well as follow up on successes from the near-deposit drilling in Phase I.

Warwick Smith, American Pacific’s Chief Executive Officer stated: “We will evaluate new partnership opportunities at Madison later this year, but for now we are excited to provide our shareholders with 100% of the upside on the next phase of drilling. We look forward to getting this programme underway as soon as weather permits, with multiple phases of exploration and drilling planned during 2024. Projects that carry the type of copper and gold grades that Madison does are rare, and our exploration efforts at the 100% owned Madison Project in 2024 will take aim at better defining the high-grade mineralisation near the previous mine workings to support future mineral resource estimations, as well as testing select regional discovery targets that have been recently defined with limited to no previous drilling.”

Read the article online at: https://www.globalminingreview.com/mining/22022024/american-pacific-announces-2024-drilling-and-exploration-programmes/