Stock Market Wealth

GOLD PROJECT ADVANCING FAST With Joint Venture Exceeding Expectations

by | May 15, 2019 | Uncategorized

Our research experts have been following the progress of one particular gold company due to its outstanding management team and excellent location in the heart of the Nevada mining district. What really impressed us is their ability to identify gold assets with a history of successful mining activity and acquire them at an unbelievable discount.

American Pacific Mining Corp. (CSE: USGD, OTC: USGDF) has made incredible progress since we began reporting on them, and they’re really kicking it into high gear with their flagship Tuscarora project, a high-grade, low-sulphidation vein system consisting of 91 claims spanning 1,818 acres north of Elko, Nevada.

The Tuscarora property is just 20 kilometers southwest of the Jerritt Canyon Mine, a private, underground mid-tier gold producer with over 8 million ounces of gold produced since in 1981. American Pacific has teamed up with multinational precious metal producer Oceana Gold to mine Tuscarora, and we’ve just received the latest update on their progress.

Tuscarora Gold Project

Oceana Gold is fully committed to the project, as they plan on spending approximately CAD$1 million by the end of the summer and USD$4 million during Phase I of the agreement. It’s a massive vote of confidence, as well as a substantial capital infusion from Oceana Gold, which has a market cap of $2.54 billion and is among the world’s top 10 biggest gold players.

With drilling planned for this summer, the upcoming exploration season at Tuscarora includes a number of highlights, and significant progress has already been made. In fact, mapping and assessment is already underway of visible veins, shafts, road cuts, and workings to incorporate large faults and regional structures into the planned geophysical program at Tuscarora.

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There’s also an updated air photo, topographic images, and micro-topographic data for structural subtleties to be incorporated into 3-D modeling in progress; a Gravity Survey begins in May to expand upon the survey APM already completed in 2018; CSAMT (Controlled Source Audio-frequency Magnetotellurics) Geophysics on-site survey targets mid-June; and CSAMT data review targets late June/early July.

We’ll be watching for the CSAMT crew to be on site in June, with the interpretation and data inversion planned for early July. Once the review of the geophysical data is complete and a drill permit is attained, core drilling is expected to commence this summer. The results from the drilling, which will take approximately 4 to 6 weeks to complete, are targeted for this fall.

Tuscarora Gold Project

American Pacific Mining President Eric Saderholm is eager to move forward with Oceana Gold on this highly promising project: “Tuscarora will receive a comprehensive geophysical program before this next round of drilling. Results from the geophysics will help to delineate the priority drill targets outside the South Navajo vein zone where we currently have the most data,” commented Mr. Saderholm.

American Pacific’s joint venture with Oceana Gold is a milestone in the Nevada mining community because it’s a perfect partnership with tremendous potential as the Tuscarora project progresses on schedule: “I am excited to see the layers of new geophysical information come together over these next few months, as Oceana’s team leads the way,” explained American Pacific’s President.

This is precisely the type of aggressive exploration that we like to see, and we’re maintaining our bullish position on USGD/USGDF shares as the American Pacific-Ocean Gold joint venture marks a new era in the U.S. gold mining industry.

Best Regards,

Lior Gantz
President, WealthResearchGroup.com

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Legal Notice:

This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Wallace Hill Partners, a Canadian LTD, which is owned by the individuals that own Wealth Research Group, has entered three year marketing agreement with American Pacific Gold and has been compensated two hundred and fifty thousand dollars and has received two millions and eight hundred thousand shares directly by the company. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

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