American Pacific Mining Issues Update on the Gooseberry Gold-Silver Project, Storey, Nevada

VANCOUVER, British Columbia, Jan. 07, 2020 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / FWB: 1QC / OTCPK: USGDF) (“APM” or the “Company”) is pleased to issue an update on the Gooseberry Au-Ag Project in the Ramsey Mining District of Storey, Nevada (the “Property”). The Property, 42 unpatented claims over approximately 708 acres, was staked by APM in April of 2019 and was followed up by a sampling program in June. The project has been developed vertically to 1450 feet (442 meters) from surface, with significant underground development across seven of ten levels. Sporadic mining took place at the Gooseberry Mine between the period 1906-1991.

Eric Saderholm, President and Director, commented: “We are pleased with the progress of the Gooseberry 3D model, indicating that historic grades were quite robust during the mines productive years. Gooseberry hasn’t been in production for almost 30 years and this data shows the high exploration potential for APM to expand upon the known mineralized zones.”

APM has compiled historic underground stope maps from the mid 1980s by the previous mine operator, Asamera Minerals Inc. Stope maps with extensive chip sampling display the grade of mineralization for gold and silver during the period when the mine was in production, with the Gooseberry vein traced in red. APM believes that Asamera personnel sampled the underground stopes as part of the production process to track stope grades and to sequence future mining and that samples were sent to an internal company lab for processing.

Assays from the stope maps include:

849 Stope Map 1.0m @ 16.31 g/t Au, 281.56 g/t Ag 1.2m @ 13.59 g/t Au, 286.25 g/t Ag 850 Stope Map 0.76m @ 24.38 g/t Au, 557.81 g/t Ag 0.91m @ 33.31 g/t Au, 447.19 g/t Ag 0.94m @ 13.94 g/t Au, 514.06 g/t Ag 0.67m @ 16.38 g/t Au, 622.5 g/t Ag 850 Stope Map 1.1m @ 32.56 g/t Au, 1143.75 g/t Ag 0.82m @ 12.00 g/t Au, 530.31 g/t Ag 0.94m @ 19.88 g/t Au, 860.78 Ag 1.2m @ 23.25 g/t Au, 928.75 g/t Ag 1000-5 Stope Map 0.91m @ 65.31 g/t Au, 4578.75 g/t Ag 0.91m @ 25.91 g/t Au, 1099.06 g/t Ag 1000-7 Stope Map 0.9m @ 113.8 g/t Au, 3722.2 g/t Ag 0.6m @ 26.30 g/t Au, 681.9 g/t Ag 1.0m @ 15.70 g/t Au, 382.5 g/t Ag 1.1m @ 16.40 g/t Au, 398.1 g/t Ag

The selection of maps are from the 849, 850 and 1000-5, 1000-7 stopes of the Gooseberry Mine which APM believes were later mined by Asamera. The stope maps highlight the location of certain significant assays as recorded by Asamera’s in-house team.  For a full description of the sampling data compiled by APM which relates to these stopes please see https://americanpacific.ca/projects/gooseberry/. Please refer to the long section at the end of the release for approximate stope location and elevation.