Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Gold Explorer Buys Past-Producing Nevada Mine with Exploration Potential
News Update

Share on Stocktwits


The property fits the company's acquisition model—precious metal, high grade, cost effective, and in the western U.S.

Gooseberry Project

American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release it acquired the Gooseberry mine in Nevada for $20,000.

Gooseberry is a historical, "low sulphidation epithermal system with high-grade gold and silver mineralization hosted in quartz carbonate veins" in the Ramsey District in Storey County, the release noted. It sits on 708 acres and has 42 unpatented claims.

"The project was intermittently productive over the last century, and it's our belief that there is a lot of exploration potential remaining over the project area," President Eric Saderholm said in the release.

Between 1906 and 1991, periodic hard rock mining occurred at Gooseberry, but minimal, if any, exploration was done between the lower levels of the underground mine or in the broader Ramsey area.

American Pacific will next review the existing data, undertake sampling and, in the future, carry out a drill program there.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: American Pacific Mining. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of American Pacific Mining Corp., a company mentioned in this article.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe