American Pacific Mining Corp. has initiated a field reconnaissance and surface sampling program at its Ziggurat Gold Project in Nye County, Nevada, a move that contrasts with recent stock declines among several of the industry's largest producers.
"Ziggurat is located in the emerging Round Mountain Trend in south central Nevada in an area dominated by calderas, epithermal gold/silver systems and sediment hosted expressions, including the nearby multi-million-ounce Northumberland gold mine," commented Managing Director of Exploration, Eric Saderholm.
The new program has collected 59 rock samples and 20 stream sediment samples to identify targets for a future drilling program. The positive exploration news comes as several major US-listed gold mining stocks fell on May 12. AngloGold Ashanti dropped 5.3 percent and Sibanye Stillwater declined 4 percent, while Harmony Gold, Newmont, and Kinross Gold all fell by more than 2 percent.
The divergence highlights a split in the gold sector, with junior explorers advancing projects while major producers face market pressure. American Pacific's Ziggurat project is notably adjacent to Newmont’s Northumberland Mine and approximately 20 kilometers from the Round Mountain Mine, operated by Kinross Gold, two of the firms whose stocks recently declined. Assay results from the initial sampling are expected later in Q2 2026.
Ziggurat Exploration in Detail
The current reconnaissance program at Ziggurat is focused on evaluating areas for Carlin-type gold mineralization. Previous work on the property identified strong pathfinder elements like arsenic, mercury, and antimony, along with a large alteration footprint that remains untested by drilling. The project was acquired by American Pacific in May 2023 and benefits from year-round exploration access. The company is listed on the CSE (USGD), OTCQX (USGDF), and FSE (1QC).
This article is for informational purposes only and does not constitute investment advice.
