Gold Explorer Buys Past-Producing Nevada Mine with Exploration Potential

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Published : April 25th, 2019
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FOLLOW : Exploration Gold Mine

The property fits the company's acquisition model—precious metal, high grade, cost effective, and in the western U.S.

Gooseberry

American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release it acquired the Gooseberry mine in Nevada for $20,000.

Gooseberry is a historical, "low sulphidation epithermal system with high-grade gold and silver mineralization hosted in quartz carbonate veins" in the Ramsey District in Storey County, the release noted. It sits on 708 acres and has 42 unpatented claims.

"The project was intermittently productive over the last century, and it's our belief that there is a lot of exploration potential remaining over the project area," President Eric Saderholm said in the release.

Between 1906 and 1991, periodic hard rock mining occurred at Gooseberry, but minimal, if any, exploration was done between the lower levels of the underground mine or in the broader Ramsey area.

American Pacific will next review the existing data, undertake sampling and, in the future, carry out a drill program there.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: American Pacific Mining. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of American Pacific Mining Corp., a company mentioned in this article.

 

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