American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that assays from grab samples at Gooseberry were encouraging, showing high silver and gold grades.
Gooseberry is the past-producing project in Storey County, Nev., which American Pacific recently acquired via staking. "The property contains high-grade, gold-silver bearing quartz-calcite vein structures," the release noted.
Of the nine initial samples procured from the top of old mineralized stockpiles and the dumps at Gooseberry, four stood out. Those returned gold grades ranging from 10.20–18.45 grams per ton and silver grades from 218–595 grams per ton.
"Initial assays from grab samples at the Gooseberry Project are really encouraging, with elevated silver and gold grades. When Asamera Minerals was producing at the Gooseberry mine in the late 1980s, it shifted focus to the tailings. The stockpiled materials appear to be indicative of the materials it was mining at the later mining phases," American Pacific CEO Warwick Smith explained in the release.
American Pacific plans to take and test more samples from across the Gooseberry property.
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