American Pacific Mining
Primary ticker: CSE:USGD, OTCQX:USGDF
Stage of development: Exploration, Development
Primary minerals: Copper, Gold, Zinc, Silver
Project to promote: Palmer, Madison
Project location: USA
Website: www.americanpacificmining.com
VIDEO OVERVIEW by management and Michael Gentile: https://www.youtube.com/watch?v=aqGB4sMrXyo
American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company has two flagship assets: the Palmer Project, a Volcanic Massive Sulphide-Sulphate (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan’s largest zinc smelter; and the Madison Project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for ‘Deal of the Year’ at the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific’s asset portfolio are high-grade, precious metals projects located in key mining districts in Nevada, USA, including the Ziggurat Gold project, partnered with Centerra Gold and the Tuscarora Gold-Silver project. The Company’s mission is to grow by the drill bit and by acquisition.
Cash: CAD$2M
Debt: NIL
Major shareholders:
Michael Gentile- 12%
Merk- 0.14%
Warwick Smith- 4%
Eric Saderholm- 0.45%
Other institutions 15% Ixios, Palos, Intact
Management Ownership – 5%
Financials
Management Profile
Warwick Smith, CEO & Director
Warwick Smith is a seasoned venture capitalist with decades of experience in leadership, corporate finance and M&A with a focus on the resource sector since 1999.
At just 30 years old, Warwick was a founding shareholder of Riverside Resources Inc. before becoming CEO of Western Pacific Resources Corp. at age 33 where he successfully negotiated the transaction to acquire the Deer Trail Mine (now operated by MAG Silver).
As current CEO and Director of America Pacific Mining Corp., Smith negotiated the transaction to purchase the past-producing Madison Mine in Montana, a joint venture, earn-in agreement with major, Rio Tinto, a transaction that has subsequently been nominated for the S&P Global Platts Deal Of The Year for 2021.
Subsequently, Mr. Smith lead American Pacific in its takeover of Constantine Metals. This acquisition brought the Palmer Project, a 14 million tonne VMS project in Alaska, under partnership with Dowa Mining and Metals into the fold.
In 2022 Mr. Smith was nominated for CEO of the Year by S&P Global Platts.
What is your rationale for taking part in 121 Mining Investment?
Investors who will buy in the market and long institutional investors.
What recent news would you like to highlight to investors attending?
A partner funded budget of US $12.8M for 2024 exploration has recently been announced and will fund the follow up to a recent drill program which resulted in the 4 highest grade copper intercepts ever drilled at Palmer.
-CMR23-172 Zone 1: 43.8 m grading 6.54% Cu, 3.15% Zn, 0.42 g/t Au and 27.97 g/t Ag (8.22% CuEq)
-CMR23-167 Zone 1: 37.1 m grading 4.57% Cu, 8.44% Zn, 0.50 g/t Au and 29.33 g/t Ag (8.40% CuEq)
-CMR23-169 Zone 1: 33.2 m grading 5.48% Cu, 7.22% Zn, 0.64 g/t Au and 36.78 g/t Ag (8.95% CuEq)
-CMR23-171 Zone 1: 23.9 m grading 9.03% Cu, 3.49% Zn, 0.83 g/t Au and 41.75 g/t Ag (11.15% CuEq)
The company is also preparing a H1,2024 drill program at its high grade 100% owned Madison Copper-Gold project in Montana
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Deploying US $12.8M partner funded exploration budget at Palmer in Alaska
Drilling the 100% owned high grade Madison Copper-Gold project in Monana
Further potential JVs and M&A
6 Months:
Continue exploration of projects based on drill bit success.
12 Months:
See above.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
typical exploration risk, unfavourable market conditions
What do you think makes your company such a compelling investment?
Significant news flow for 2024 at multiple projects, including:
US $12.8M partner funded (Dowa Mining and Metals) exploration budget for Palmer VMS project in Alaska-H1,2024 (American Pacific receives 7% management fee as operator)
Drilling at 100% Madison Copper-Gold project in Montana-H1, 2024
What are the top 3 key investor takeaways?
Tier one partner (Dowa Mining and Metals)
Large partner funded budget offers significant news flow without share dilution
Targeting high grade projects in pro mining jurisdictions of Western US (Nevada, Montana, Alaska)
Strong key shareholders (Michael Gentile, Merk, Ixios, Palos, Intact)