American Pacific Mining Corp. Reports 20.1m at 11.15 g/t Gold at Madison

Recorded on September 9 2026 at NRS Studios
CSE: USGD
OTCQX: USGDF
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Warwick Smith, CEO & Director of American Pacific Mining Corp., joins Steve Yang to discuss the first assay results from the 2026 drill program at the 100%-owned Madison Copper-Gold Project in Montana and what they could mean for the scale of the system.

Hole M26C-02 intersected 30.8 metres of massive sulfide mineralization grading 7.4 g/t gold, 9.62 g/t silver and 0.29% copper, including 20.1 metres grading 11.15 g/t gold, 14.3 g/t silver and 0.42% copper and 7.92 metres grading 25.33 g/t gold, 29.6 g/t silver and 0.86% copper.

Smith explains why American Pacific sees the hole as more than a high-grade result. M26C-02 stepped toward the west-southwest where the mineralized zone remains open, and follow-up drilling is planned to test continuity and thickness. The interview also examines the approximately 15,000-metre Madison campaign, shallower skarn and massive sulfide targets, deeper porphyry potential, geological modeling, geochemistry and geophysics, and the longer-term objective of tying the system together toward a future resource.

Smith and Yang discuss exploration risk, proving scale through additional drilling, the company’s financial position and equity holdings, and the valuation disconnect Smith believes the market has yet to recognize.

Disclosure: American Pacific Mining Corp. is a sponsor of Natural Resource Stocks. Steve Yang states that he is not currently an investor, although that may change.

Key Topics
• M26C-02 high-grade gold, silver and copper
• Southwest expansion at Madison
• 15,000-metre 2026 drill program
• Skarn, massive sulfide and porphyry targets
• Follow-up drilling and pending assays
• Path toward a potential resource
• Financial position and valuation

American Pacific Mining Corp.
Official Website

Madison Copper-Gold Project

September 9 2026 Drill Results

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Warwick Smith
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Host Steve Yang – Natural Resource Stocks
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Chapters
00:00 Cold Open – Expanding the Madison Footprint
00:49 Warwick Smith and American Pacific Mining Corp.
01:11 First 2026 Madison Drill Results
03:41 Why the Southwest Matters
05:18 Follow-Up Drilling and New Targets
08:31 Grade, Scale and Exploration Risk
09:35 Fully Funded 15,000-Metre Program
11:30 Phase One and Phase Two Strategy
13:03 Why M26C-02 Stands Out
14:41 Path Toward a Resource
15:57 Deeper Porphyry Target
17:01 How Drill Targets Are Selected
18:45 The Valuation Disconnect
20:38 What Investors Should Watch Next
21:31 Closing and Contact Information

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