American Pacific receives permit to drill Madison Copper Gold Project

The five-hole diamond drill campaign, which is expected to commence in 1Q24, is designed to further define and expand on known near-surface, high-grade copper and gold mineralisation, while extending beneath known mineralisation to provide a foundation for deeper exploration in areas which have seen limited historical drilling.

The programmes sets out to achieve three key objectives: test shallow gap areas; tighten drill spacing at moderate depth within the skarn to support a future mineral resource estimate; and extend below known mineralisation to provide valuable information for deeper exploration in subsequent campaigns.

Previous drilling in this area returned drill intersections of 14.44 g/t gold over 6.53 m and 6.97% copper over 61.63 m. This programme is, in part, a follow-up to the work done during previous partner-funded campaigns.

“The Madison Project has always been of keen interest to our team, given its historical high-grades and still limited exploration,” commented CEO Warwick Smith. “Madison has been shown to carry significant grades, particularly in the skarn and we look forward to extending skarn mineralisation, as we prepare to conduct more comprehensive exploration into the porphyry-style mineralisation beneath.”