American Pacific Gains Full Ownership of Palmer VMS Project, Secures US$10 Million
American Pacific Mining Corp. (CSE: USGD / OTCQB: USGDF / FWB: 1QC) announced that they have completed the acquisition of a 100% interest in the Palmer VMS Project in Southeast Alaska. The project is located near the town of Haines and covers extensive land staked over the course of several years. This acquisition marks a significant milestone for American Pacific Mining, further solidifying its position in the region.
This move comes at a pivotal time for the company as it aims to accelerate the development of the Palmer VMS Project. With the acquisition of full ownership, American Pacific Mining gains complete control over the project’s strategic direction, exploration activities, and potential future development. This ownership structure provides the company with the flexibility and autonomy needed to maximize the project’s value and unlock its full potential.
Securing US$10 million in financing further strengthens American Pacific Mining’s position and demonstrates confidence in the company’s growth prospects. This capital injection will be instrumental in advancing the exploration and development efforts at the Palmer VMS Project, enabling American Pacific Mining to expedite key activities such as drilling, resource delineation, and feasibility studies.
The Palmer VMS Project is highly prospective for the discovery of base and precious metals, particularly zinc, copper, gold, and silver. The project’s geology and mineralization characteristics make it a prime target for exploration and development, with significant upside potential. American Pacific Mining’s technical team is well-equipped to leverage its expertise and experience in exploring VMS deposits to unlock the value of the Palmer Project.
Furthermore, the acquisition of full ownership of the Palmer VMS Project underscores American Pacific Mining’s commitment to long-term growth and value creation. By consolidating its position in a highly prospective mining jurisdiction like Southeast Alaska, the company is strategically positioning itself for success in the evolving global mining landscape.
In conclusion, American Pacific Mining’s acquisition of full ownership of the Palmer VMS Project and the securing of US$10 million in financing represent significant milestones for the company. With complete control over the project and ample financial resources, American Pacific Mining is well-positioned to drive exploration, development, and value creation at the Palmer VMS Project. This strategic move reaffirms the company’s commitment to unlocking the full potential of the project and delivering long-term value to its stakeholders.
