American International Mining News Update
26 Octobre 2012 - 1:35PM
OTC Markets
AIVN INTERNATIONAL MINING NEWS UPDATE
WINNEMUCCA, Nevada--(Marketwire–10/26/2012) - American
International Ventures, Inc. (AIVN - News) (AIVN.QB - News)
is announcing the outcome of its First Annual Mining Summit held in
mid-September, 2012 in Reno, Nevada and recent events.
First and foremost, the entire Board of Directors of AIVN, wish to
thank the invited guests, investors and company officers
and employees of AIVN, that joined the board in its first visit to
the Golden Eagle Mines, and tour of the mining site currently under
development by AIVN. Mike King of Princeton Research stated:
“the Board of AIVN was
very impressed and so was I, especially with how much the company
has accomplished in such a short timeframe. The progress at the
Golden Eagle is amazing”.
In addition, the biggest accomplishment of AIVN to date was the
board agreed to pursue the offer for AIVN to operate one of the
most valuable gold mining projects in Mexico and partner with the
mines owners to
set up a commercial mining operation with La Madre S.A de C.V.
Within the next 3 months AIVN will be optimizing the existing
surface mining operations. The Mexican Mining
Consortium established La Madre to facilitate the contract signed
on October 1, 2012 where AIVN will establish a new placer mining
operation to mine and sell the precious metal recovered from the
property. The start date, under the contract terms, has been
scheduled for October 15, 2012, and the AIVN team is now on site
and equipment is being imported for the operation from Nevada.
Plans for the next three months will be to establish a pilot
program under the direction of La Madre’s geologist, in order to
start building the new stationary wash plant by spring that will
run 200 tons per hour. The pilot program will be reflected in a new
feasibility study with the new classification and recovery rate of
no less than five hundred tons of material per day for the first 90
days. This pilot program whose location was discovered in a geo
scientific study performed in 2010 was included in the NI 43-101
technical report issued later that year..
Jack Wagenti, Chairman of the Board stated: “This is the final step
in our master development plan and we are very excited to have this
opportunity made available by our good friends in Mexico. The
overall opportunities for AIVN in Mexico are endless and this
newest mining venture is without question going to help us exceed
our revenue projections for 2012-2013”.
Brandon Nash, B. Sc. Geology and CEO of AIVN, met with the owners
of the Mexican Mining Consortium in Baja California, with their
geologist and attorney to tour the mine site and verified the
deposits for the pilot program. Mr. Nash took his own samples to
assay using XRF at the site. These new samples taken during the
site evaluation visit surprised the mine owners, when the assays
determined 70% free milling gold, 15% platinum, 10% silver and
other trace minerals, when tested using the company’s x-ray
spectrometer technology.
All site prep, roadwork and equipment installation work will be
performed and permitted by AIVN. The contract calls for AIVN and La
Madre to split fifty/fifty the production profits with the Mexican
Mining Consortium for 17 years.
For more information, visit our website: www.aivn.co
About American International Ventures, Inc.
American International Ventures, Inc. (AIVN) focus is gold and
silver exploration and ore extraction, operating in Nevada through
Placer Gold Prospecting, Inc., its wholly owned subsidiary. The
Company focuses on gold and base mineral resource properties that
have historically produced gold and silver in the United States
until 1942, when all gold production in the United States was
halted due to World War II. AIVN currently owns 13 past producing
mines in Nevada, and one in New Mexico.
Cautionary Note Regarding Forward-Looking Statements and
Information concerning mineral resources. This press release
contains forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of
applicable Canadian and US securities legislation. All statements,
other than statements of historical fact, included herein
including, without limitation, statements regarding the anticipated
content, commencement and cost of mining programs, anticipated
exploration and metallurgical test program results, the discovery
and delineation of mineral deposits/resources/reserves, the
potential for any mining or production at Golden Eagle Mineral are
to be considered forward-looking
statements.
Except as required by the
Federal Securities law, AIVN does not undertake any obligation to
revise or update any forward-looking statements contained herein
after the date hereof .
AIVN Contact:
Jack Wagenti
Chairman
Phone: 813-260-2866
E-mail:
jackwagenti@aivn.co
Website:
http://www.aivn.co
American International V... (CE) (USOTC:AIVN)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
American International V... (CE) (USOTC:AIVN)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024