American Pacific Mining Corp announces that, it has completed the acquisition of ClearView Gold Inc (CVG) pursuant to the terms and conditions the Company, CVG. Pursuant to the terms and conditions of the Definitive Agreement and as consideration for 100% of the issued and outstanding securities of CVG.
The Company that it intends to keep the Option Agreement in good standing following the third anniversary of the effective date of the Option Agreement. ClearView owns three gold projects located in world-class mining districts of Nevada, including the Round Mountain, Carlin and Eureka trends.
The Ziggurat Project, located on the northern end of the Round Mountain trend and proximal to the Northumberland Mine, is currently under a joint venture agreement with Centerra Gold Inc. Centerra has the option to spend up to US $6 million to earn 70% of the project over five years. Presently, Centerra is in year two of the earn-in arrangement and has plans to aggressively explore the project in 2023.
The Alpha Project is proximal to the Carlin and Battle Mountain-Eureka trends and previous exploration has targeted near-surface Carlin-type oxide gold.
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