AIVN International Mining News Update
October 26 2012 - 8:36AM
Marketwired
American International Ventures, Inc. (OTCBB: AIVN) (OTCQB: AIVN)
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.'s (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:
Email Contact Website: http://www.aivn.co
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