American Pacific Mining Corp. Boosts Exploration with Second Drill Rig at Madison Copper-Gold Project

Drilling Expansion Accelerates Exploration at Madison Project

American Pacific Mining Corp. has introduced a second reverse circulation (RC) drill rig to its Madison Copper-Gold Project in Montana, supporting a comprehensive 15,000-metre drilling program initiated in early June 2026. The program incorporates both diamond core and RC drilling methods.

The addition of this rig is intended to speed up exploration efforts, focusing on near-surface skarn mineralization. This strategic enhancement is expected to improve the company’s capacity to uncover additional high-grade mineral resources, contributing to a planned mineral resource estimate in 2027.

Targeting Near-Surface Skarn Mineralization

The RC drill rig is dedicated to testing near-surface skarn targets that share geological characteristics with the historic Madison and Broadway Mine footprint, an area known for high-grade copper and gold production. This focus aims to build on previous exploration success by identifying more shallow, potentially high-grade mineralization.

Successful results could significantly expand the mineralized footprint around the existing skarn system, offering investors potential upside through resource growth.

Comprehensive Exploration Strategy

American Pacific Mining employs a combined RC and core drilling approach, enabling simultaneous testing of near-surface targets and deeper, system-scale mineralization. This integrated strategy provides exposure to both shallow and deep mineral potential within a single drilling campaign.

Management believes this approach could unlock substantial value by extending known mineralization and discovering a larger copper-gold system, positioning the Madison Project as a key asset for the company.

Investor Implications and Market Impact

The deployment of the second drill rig and ongoing drilling activities are critical developments for investors to watch. The company’s success in expanding its mineral resource base may significantly influence its valuation and growth prospects.

Investors should stay alert for updates on drilling results and future resource estimates, as these will likely affect market sentiment and share price.

Overview of the Madison Copper-Gold Project

The Madison Copper-Gold Project, wholly owned by American Pacific Mining Corp., is situated in Montana and has a history of producing high-grade copper and gold. The company leverages this historical data to guide current exploration efforts.

This project aligns with American Pacific’s broader strategy to explore and develop precious and base metal opportunities in the Western United States, aiming to deliver shareholder value through discovery, partnerships, and direct exploration.

Company Achievements and Forward-Looking Objectives

American Pacific Mining has earned recognition as a finalist for 'Deal of the Year' at the S&P Global Platts Metals Awards in 2021 and 2022, reflecting its strategic transaction capabilities. The company continues to pursue initiatives aligned with growth and shareholder value creation.

Looking forward, the company targets delivering its first mineral resource estimate for the Madison Project by 2027, a milestone expected to be pivotal for project valuation.

Management Insights

Eric Saderholm, Managing Director of Exploration, highlighted the drilling program’s importance, emphasizing the Madison Project’s potential as a cornerstone asset capable of generating significant shareholder value.

Management remains optimistic about extending known mineralization and identifying a larger copper-gold system, positioning American Pacific Mining as a leading explorer and developer of precious and base metals in the region.

Regulatory Compliance and Forward-Looking Statements

Technical aspects of exploration have been reviewed and approved by Eric Saderholm, P.Geo., the Qualified Person under National Instrument 43-101. Full disclosure of exploration activities is available in the company’s NI 43-101 Technical Report for the Madison Project.

American Pacific Mining’s announcement includes forward-looking statements outlining expectations and plans for the exploration campaign. Investors are advised to consider these statements in light of the company’s assumptions and beliefs as of the announcement date.