American Pacific Mining Signs Letter of Intent to Purchase Broadway Gold’s Interest in the Madison Cu-Au Project Under Option with Rio Tinto - Seite 2

The Broadway mine produced 144,000 ounces of gold from 1880-1950. The Madison mine was developed between 2005-2011 and generated 7,570 ounces of gold and 3,020,000 pounds of copper from bulk samples of 19,803 tons (average 0.52 ounce/ton Au and 25% Cu). Broadway Gold Mining Ltd. refurbished parts of the Madison Mine in 2017. Approximately 3,000 total feet of underground workings go to a depth of 215 feet underground at Madison. Broadway rehabilitated the underground workings in order to access certain stopes and underground mineralization, allowing for a successful exploration drill program to take place as well. Currently, known skarn mineralization and massive sulphide gold mineralization is proposed to be linked to a deeper porphyry system.

According to Broadway, approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Link to view the Vulcan Model of Madison: Vulcan 3-D Modelling Defines Significant Zones at Madison, Underground Phase II & III Drilling Planned

Drill Highlights from Madison

A current drill program was recently completed at the Project including 14 drill holes targeting an area displaying multielement soil and rock chip geochemical anomalies, historic prospects, strong induced polarization anomalies and porphyry drill intercepts.

Previous drilling at Madison conducted by Broadway has delivered extremely high-grade gold and copper intersections. Underground drilling in 2017 at Madison intersected bonanza gold grades. The underground drill program was designed to test the down dip extension of t­he auriferous massive sulfide zone below the 600 level. A small program of 307 meters tested the zone with considerable success. Results included:

• U17-05: 0.9m intercepts ranging from 0.074 to 178.5 g/t Au within a 30.2m interval averaging 24.5 g/t Au and 0.391% Cu (from 8.2m)
• U17-04: 1.098% Cu and 1.651 g/t Au over 25.3m (from 9.1m)
• U17-06: 41.6 g/t Au over 11m (from 8.2m)

Surface drilling included 19 holes over 3,984 meters, resulting in the discovery of a larger jasper zone with abundant native copper and gold. Results included:

• C17-16: 1.725% Cu and 0.097 g/t Au over 49.4m (from 177.1m), including 2.571% Cu and 0.151 g/t Au over 30.2 meters (from 195.4m)
• C17-17: 1.020% Cu and 0.159 g/t Au over 31.1 meters (from 187.1m)
• C17-20: 1.247% Cu and 1.843 g/t Au over 23.8 meters (from 130.8m), drilled into a massive-sulfide zone that remains open at depth.

The complete assay results for the intervals, drilling plan and sections can be found at http://www.broadwaymining.com/current-exploration/.