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TICKERS: USGD; USGDF

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

Source:

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.

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