All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to American Pacific Mining Corp (APM) within the meaning of applicable securities laws including, without limitation economic estimates and statements related to estimated development costs. APM provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations in connection with the company’s project portfolio, as well as those risks and uncertainties identified and reported in APM public filings under the SEDAR profile at www.sedar.com. Although APM has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. APM disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
All historic production, drill or sample figures quoted herein are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify results. The historical figures should not be relied upon and have not been verified by a Qualified Person.
Technical aspects of this presentation have been reviewed and approved by the Qualified Person, Eric Saderholm, P.Geo., hereby designated as a QP under National Instrument 43-101.
| USGD | |
|---|---|
| Exchange | CSE/OTCQB |
| Common Shares | 65,489,626 |
| Stock Options | 2,850,000 |
| Warrants | 32,227,111 |
| Fully Diluted | 100,566,737 |
| Cash Position | $2.5M *~$6.1M in the money warrants |
| Monthly Burn Rate | $150k |
| Hole_ID | Thickness (m) | Au_g/t | Cu% |
|---|---|---|---|
| UG17-05 | 30.18 | 24.497 | 0.39 |
| UG17-06 | 10.97 | 41.65 | 0.38 |
| UG17-06 including | 4.60 | 82.87 | Not significant |
| 86-6 | 7.31 | 25.75 | Not significant |
| C05-06 | 14.69 | 12.10 | Not significant |
| C05-06 | 61.63 | Not significant | 6.97 |
| C05-06 including | 8.47 | Not significant | 40.03 |
| C06-08 | 84.70 | Not significant | 1.89 |
| C06-08 | 2.70 | 41.73 | 19.58 |
From 2008 to 2012 the Madison Mine sold 2,681,400 pounds of copper with grades ranging from just under 20% Cu to over 35%; additionally, the Madison Mine produced 7,570 ounces of gold at an average grade of 16.1 g/t
Golden Sunlight Mine/Mill
Smelter
Golden Sunlight Mine/Mill
| 4.57m @ | 127.08 |
| incl 1.52m @ | 368.31 |
| 1.53m @ | 51.06 |
| 1.53m @ | 27.61 |
| 1.52m @ | 18.40 |
| 3.05m @ | 16.06 |
| incl 1.52m @ | 27.20 |
| 1.52m @ | 13.55 |
| 3.05m @ | 13.42 |
| 1.52m @ | 13.00 |
| 1.53m @ | 11.48 |
| 1.52m @ | 10.30 |
| 1.53m @ | 9.33 |
| 3.04m @ | 9.13 |
| incl 1.52m @ | 13.86 |
| 1.52m @ | 8.75 |
USGD recently acquired the historic Gooseberry Mine in Storey, Nevada, an underground high-grade past producer
Gooseberry was sporadically in production as a small scale underground silver/gold mine from early 1900’s to early 1990’s
The deposit type is volcanic hosted calcite – quartz vein (steeply dipping), mineralization is argentite, auriferous pyrite and electrum and some minor native gold
Previous operators include West Coast Oil and Gas, who produced approximately 200k tons up until 1983- following this, asamera operated a 350 tpd floatation mill to mid 1985 and then followed up with tailings processing
Image on Right: Historic Image of the Gooseberry Mine from Nevada Bureau of Mines and Geology; Apco Oil Corp, 1975, Document 37900032: “Shows All Levels Plus The Stock Pile, The Mill, and the Crushing Plant”
Select stope maps of the historic Gooseberry Mine show the underground grades during the mine productive period (APM believes these stopes were later mined by Asamera.
The stope maps hightlight the location of Certain significant assays as recorded by Asamera’s in house team and processed by an inhouse lab (Long section below with figures)
The Gooseberry model video file is a view of the geological model created using compiled historical channel samples from the Gooseberry mine. The effective date of the model is January 31, 2020. The geological model does not represent the final conclusions of the compilation. Viewers are cautioned to make interpretations solely on this interim information. The geological model represents underground channel samples that have been composited over the total channel length. The channels appear to have been mostly collected orthogonal to the underground drifts and of the working face during mining operations. A qualified person has not completed sufficient work to verify the present day site underground geology as it relates to the historical data. The uppermost level shown is L500 and the lower most level is the L1150. All units are in US feet and troy ounces per short ton. Gold equivalent (AuEq) is calculated based on 80 silver to 1 gold ratio. Due to incomplete lithological data, vein intervals are selected based on a 0.06 oz/t cut-off. However, the numeric model of AuEq incorporates all sample data and assumes total metal recovery. The data was compiled using an ESRI ArcMap and Microsoft Excel/Access. The geological model was then generated using Seequent Leapfrog Geo 3D. The qualified person supervising the completion of the data compilation and geological model is Van Phu Bui, P.Geo., a geologist with ARC Geoscience Group Inc., who is independent of American Pacific Mining Corp.
Drill hole pierce points displayed approximately on the map were found on the Asamera 1988 version of the long section. Likely these holes were drilled by Asamera Minerals and West Coast Oil and Gas, although records are poorly preserved. No details on QA/QC exists for this information. It is unknown at this time if areas of the mine were mined out after drilling took place. There is no assurance that the grades and intervals displayed on this map will be indicative of future results. No information on the assay lab has been found and these results have not been verified by a Qualified Person as defined by NI 43 101.
Warwick Smith, CEO & Director Mr. Smith is a venture capitalist specializing in corporate finance and development for publicly traded companies. He has a background in marketing and finance, and formerly served as co-founder and Chief Executive Officer of Western Pacific Resources Corp. (TSXV: WRP).
Eric Saderholm, President & Director Mr. Saderholm is a professional Senior Geologist and former Newmont Exploration Manager for the Western US. Mr Saderholm has worked on many large mines and projects including Bingham Canyon, Carlin, Midas, Gold Quarry, Twin Creeks, Lonetree, Mule Canyon, Black Pine, Genesis and Yanacocha. He has almost 3 decades of experience in the minerals industry.
Norman Wareham, Director, CFO & Corporate Secretary Mr. Wareham has over 40 years of financial, accounting and international management experience. He has provided management consulting and accounting services to public companies in Canada and the United States.
Joness Lang, Director Mr. Lang is a business development and capital markets professional with 10+ years of experience in the natural resource sector. Mr. Lang has significant experience raising capital, negotiating and structuring project acquisitions, as well as joint-venture and strategic alliance partnerships. Mr. Lang is currently VP, Corporate Development with Maple Gold Mines Ltd.
Ken Cunningham, Director Mr. Cunningham brings over 44 years of experience in worldwide, diversified mineral exploration and mining geology, from geologist to executive management. Mr. Cunningham has proven skills in building successful exploration teams, acquiring key projects, negotiating joint ventures and strategic alliances, as well as building awareness in the investment and financial industry.
