American Pacific Mining (CSE: USGD; OTCQX: USGDF) is preparing its biggest drill campaign yet at the Madison copper-gold project in Montana as it shifts its focus to the past-producing asset after selling Palmer in Alaska late last year.
About 10,000 metres of drilling is due to start this month from 12 pads to expand known skarn zones and test new lenses along carbonate-intrusive contacts. Drilling on the asset — about 165 km by road from Helena, Montana’s state capital — is to include two or three deep holes totalling as much as 5,000 metres to probe for the porphyry source below the system.
“We think they are the most informed drill shots that have ever been taken at Madison,” CEO Warwick Smith told The Northern Miner’s video host, Devan Murugan, in an interview last month at the PDAC event in Toronto. “If we hit the porphyry, all bets are off.”
The bet is that Madison can grow well beyond its old mine footprint that produced 2.7 million lb. copper and 7,570 oz. gold from Madison, plus 144,000 oz. gold from Broadway.
Watch the full interview below:
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