American Pacific to be sole owner of Palmer

Dowa agrees to hand over SE Alaska project and pays American Pacific $10 million for guarantee on 50% of zinc concentrates from future mine.

American Pacific Mining Corp. has entered into an agreement with Dowa Metals & Mining Alaska Ltd. to acquire 100% ownership of the Palmer copper-zinc-gold-silver project in Southeast Alaska.

American Pacific gained a roughly 45% joint venture in Palmer throug...