American Pacific Mining

During the 2022 field season, a total of 2,889 soil samples were collected for silver (“Ag”) and gold (“Au”) analysis. The Gooseberry project database has been updated with assay findings.

The drilling schedule for 2023 has been modified and re-permitted in order to test new targets identified by soil geochemistry and integrated CSAMT geophysics conducted in 2022. In the first quarter of 2023, about 15 holes of up to 3048 meters (10,000 feet) of Phase II reverse circulation drilling are anticipated to begin. During the 2022 field season, a total of 2,889 soil samples were collected for silver (“Ag”) and gold (“Au”) analysis. The Gooseberry project database has been updated with assay findings.

“The 2022 CSAMT survey results revealed various structural characteristics that are not visible at the surface due to extensive soil formation within the volcanic host rocks,” said Eric Saderholm, President of the Company.

“Interestingly, silver anomalies in soils have verified these CSAMT abnormalities. These data sets were generated and assembled independently; but, when studied together, they demonstrate similar mineralization patterns throughout the property that run parallel to the known Gooseberry Vein,” Saderholm stated.