American Pacific Mining Leases the Red Hill Project in Nevada
American Pacific Mining Corp has leased the Red Hill property located on the southern end of the prolific Cortez gold trend. The Red Hill Property was leased from Nevada North Resources Inc and is contiguous to NuLegacy Gold’s rift anticline target. Previous drilling at Red Hill intersected 13.7 metres of 8.11 grams per tonne gold. The Company believes that the Red Hill Property has been inadequately tested for the deep potential considering Barrick’s nearby multi-million ounce Goldrush discovery located 12km northwest of Red Hill along the Cortez trend.
Red Hill is a sediment-hosted gold project located 24 kilometers southeast of the 12 million ounce Cortez Hills gold deposit within the Cortez trend. The project covers an extensive area of hydrothermally altered lower plate carbonate rocks. In 2006, drill hole BRH-013 intersected 24.4 meters of 4.99 g/t Au from 585.4 to 609.8 metres, including 13.7 meters of 8.11 g/t Au from 585.4 to 599.1 meters. Gold mineralization is hosted in silty carbonate rocks of the Denay formation associated with altered lamprophyre dikes; and high levels of arsenic, antimony, mercury and thallium. These features are indicative of a Carlin-style gold system.