All American Gold Corp Announces Commencement of Drilling at Belleville Project
05 12월 2011 - 11:00PM
Business Wire
All American Gold Corp (OTCBB:AAGC) is pleased to
announce the commencement of a scheduled work program on the
Bellville property located in Mineral County, Nevada. The project
is located within the Walker Lane structural and mineral belt and
is located near recent and historic producing mines including the
Candelaria Silver Mine, which is ten miles to the east, and the
Marietta Mine, six miles to the west.
This second phase drill program, created in part through review
of the 43-101 technical report done on the Belleville property,
will consist of reverse circulation drill holes averaging 600 feet
(180 metres) in depth for a total of up to 2,400 feet (732 metres).
The target is an east-northeast trending IP anomaly which occurs
under wind-blown sand and other pediment cover. The anomaly has
been interpreted as a possible major shear zone which could host
gold/silver mineralization similar to two mineralized faults found
elsewhere on the property.
Drilling will be done using a reverse circulation (RC) drilling
rig with continuous sampling on five foot intervals. After the
addition of blanks and standards the samples will be shipped to ALS
Chemex in Reno, Nevada for analysis. Drilling is expected to be
completed by the end of the year.
All American Gold Corp. holds a 70% interest in the Belleville
property.
Richard Kern, M.S., (P.Geo and SME member) of Reno, Nevada, is
the Company’s lead technical advisor and has reviewed the technical
information contained in this press release.
About All American Gold:
All American Gold Corporation is a precious mineral exploration
company focused on the acquisition and ongoing exploration of
mineral property holdings in the United States. The company has
spread its holdings across the state of Nevada, diversifying its
investment while using the latest technology and geological
resources to select properties in the most promising mineral zones.
All American Gold Corp. intends to continue to seek out new
opportunities through its experienced and proven geological team.
Additional information concerning All American Gold Corp’s projects
can be found on the company’s website at
www.allamericangoldcorp.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”, AS THAT
TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS
THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH
STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING
STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH
WORDS AS ”ESTIMATE”,””ANTICIPATE”, “BELIEVE”, “PLAN” OR “EXPECT” OR
SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS
RELATING TO THE COMPANY’S PLANS TO COMPLETE THE EXPLORATION PROGRAM
OF ITS BELLEVILLE PROPERTY. RISKS AND UNCERTAINTIES FOR THE COMPANY
INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL
EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S
MOST RECENT ANNUAL AND QUARTERLY REPORTS ON FORM 10-K AND FORM
10-Q, RESPECTIVELY, AND FROM TIME-TO-TIME IN OTHER PUBLICLY
AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE
RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE
COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY
AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S
EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY
ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE
MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES
NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO
UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY
BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS
CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL
PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE
INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK
FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM
TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY
WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES
REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF
THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER
TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE
ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH
OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION
OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
All American Gold (PK) (USOTC:AAGC)
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All American Gold (PK) (USOTC:AAGC)
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