AIVN Begins Construction of Their Flagship Mexican Gold Mining Project
December 13 2012 - 8:01AM
American International Ventures, Inc. (OTC:AIVN), has formed its
Mexican subsidiary company "Oro De AIVN S.A. de C.V." to begin its
project named the "Motherlode", a 300 Hectare parcel in the El
Alamo mining district, Baja California, Mexico. Oro De AIVN is
currently completing the road project to enable the delivery of its
mining equipment sitting at the Mexican border awaiting export from
San Diego.
This property, which is rich in history, produced over 200,000
ounces of gold between 1900 and 1910 using the relatively archaic
mining, geology, and engineering methods available at the time. In
more recent operation, the Alamo was mined by a Canadian based
company who also had considerable success; only shutting in
production due to very low gold prices in the late 90's when prices
fell to under $300/oz. There has been no real mining activity for
the last 13 years at the site.
The company feels it is important to note that previous
operators only exploited 10% of the land holdings AIVN will mine,
which is highly prospective for resource expansion. As well, the
historical mine shafts on the concessions have not been mined below
the water table which is only 40-60 meters deep. As evidenced by
historical drilling by previous operators, it appears as though
gold values increase with depth—a depth which could not be
previously mined due to technical and equipment limitations.
The company has seven employees on site lead by CEO and Head
Geologist, Brandon Nash. Over the last seven weeks AIVN has moved
its mining equipment cache from Winnemucca, NV to Baja, Mexico.
AIVN has setup the mining camp and operations on 10 hectares (over
22.5 acres). At this point, the road system design at Oro De AIVN
is 70% complete. The mining equipment from Nevada has all been
moved to San Diego where it is in the process of being exported to
El Alamo. With the preliminary plan of operation completed, and the
water at the mining site in place, the company is now in the last
step before starting its pilot program which entails designing the
water delivery system to the wash plant for testing previously
undisturbed placer gold locations.
The immediate plan after construction and commissioning of the
pilot plant is to exploit precious metals bearing unconsolidated
material, or placers, of which the concession has several million
tons ready to process. AIVN anticipates starting a 60 ton per hour
pilot program within 3-4 weeks after importing its portable mining
equipment. After the pilot phase, the company hopes to ramp up
production to 200 ton per hour in the first year. The third phase,
which could be implemented within the first year of operation,
would entail processing very high grade hard rock ore from known
veins on the property.
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.
The American International Ventures, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16244
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.
CONTACT: Company Contact:
Jack Wagenti, Chairman
Phone: 813-260-2866
E-mail: jackwagenti@aivn.co
Investor Contact:
Tyler Troup, Managing Director
Circadian Group IR
Toll Free: 1-866-865-2780
Email: Tyler@Circadian-group.com
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