American Pacific Mining Corp (CSE: USGD) (FWB: 1QC) (OTCPK: USGDF) is pleased to announce that, through its wholly owned subsidiary, American Pacific Mining (US) Inc., it has entered into an earn-in and option to form joint venture agreement with GRAC Global Resource Acquisition Corp, a private British Columbia Company, with respect to its Gooseberry Gold Project.
Eric Saderholm, President of APM commented: “Nevada is the top investor-friendly jurisdiction for mining, and I look forward to working alongside GRAC Global Resource Acquisition Corps team as we move this gold discovery ahead.”
Key Points of the Agreement
About GRAC Global Resource Acquisition Corp.
The Optionee, GRAC is an organization that specializes in mineral and gold projects around the world. The Company utilizes prudent capital allocation to target emerging industries in the metals and mining industry globally.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a gold explorer focused on precious metals opportunities in the Western United States. The Madison Mine in Montana, under option to joint venture with Kennecott Exploration Company, is the Company’s flagship asset. The Gooseberry Gold-Silver Project, under option to GRAC Global Resource Acquisition Corp. and the Tuscarora Gold Project, under option to Soldera Mining, are two high-grade, precious metals projects located in key mining districts of Nevada USA. The Company’s mission is to grow by the drill bit and by acquisition.
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