01:51 PM EDT, 03/25/2024 (MT Newswires) -- American Pacific Mining Corp. ( USGDF ) on Monday reported approval for a US$12.8 million 2024 budget for its high-grade Palmer VMS Project in Southeast Alaska.

The company's stock was down 2.2% on last look on Monday.

The program has been designed to continue expanding the known extent of the high-grade copper mineralization within South Wall Zones 1 and 2.

The 2024 program will also include a series of step-out drill holes to test the nearby North Wall Target.

In 2024, the operations teams will focus on expansion drilling to identify lateral and downdip extensions of the South Wall of the Palmer Deposit, targeted structural investigation drilling in South Wall Zone 1 designed to follow up on the high-grade intersections of the 2023 drill program, and exploration step-out drilling to test the North Wall alteration zone.

The 2024 drilling campaign is being completed under an approved Plan of Operations from the Bureau of Land Management.

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