SAN FRANCISCO, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Newmont Gold announced on January 14 that it was acquiring Goldcorp Inc. for $10 billion. The merger would create the world's largest gold producer.
Company mentioned: American Pacific Mining Corp. (USGD:CSE; USGDF:OTC)
The consolidation dovetails with an urgent need to reverse a declining trend in reserves. Exploration and development companies are on the acquisition list for the major and mid-tier miners.
One young, small-cap company, American Pacific Mining Corp. (USGD:CSE; USGDF:OTC), is exploring its high-grade flagship Tuscarora Gold Project, located near Elko, Nevada.
"Tuscarora is similar to Klondex's Fire Creek property, a high grade, high-level epithermal vein system," American Pacific's CEO Warwick Smith told Streetwise Reports.
American Pacific Mining Corp.'s (USGD:CSE; USGDF:OTC) emerged from Novo Resources Corp. in 2017. Novo had one of the top gold discoveries of 2017 at its Karratha gold project in Western Australia. With Novo's focus steadily on its Australian discovery, it optioned its Nevada property to American Pacific.
The Tuscarora project has proven high grades from past and current drilling. Historical results showed intervals of up to 180 grams of gold per tonne over 1.5 meters. Other drill holes have shown grades of 143 grams and 74 grams of gold per tonne over widths of 1.5 meters and 3.1 meters, respectively.
In the last year or so, numerous industry observers set their sights on American Pacific Mining.
Continue reading this article: Newmont-Goldcorp Proposed Merger Highlights Consolidation in Industry
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DISCLOSURE:
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Silver Bull Resources. Click here for important disclosures about sponsor fees. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of American Pacific Mining. Please click here for more information.
As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of American Pacific Mining, Silver Bull Resources and Goldcorp, companies mentioned in this article.
The full disclosure is provided at the article's end: Newmont-Goldcorp Proposed Merger Highlights Consolidation in Industry
For more information, please contact Carmen Guzman, Cguzman@streetwisereports.com.