US-focused gold explorer American Pacific Mining (APM) has signed a definitive agreement to buy private miner Madison Metals’ interest in its namesake copper/gold project, in Montana, US.
The Madison project is a fully-permitted, past producing copper/gold mine that is under option to Rio Tinto’s Kennecott Exploration.
“Our corporate strategy is to build a portfolio of high-grade properties in the Western US that will attract mid-tier partners to come in and help advance these assets. Madison certainly fulfils this objective and complements our growing portfolio of gold, silver and now copper assets as well,” said APM CEO Warwick Smith.