LITHIA, Fla., Dec. 13, 2012 (GLOBE NEWSWIRE) — 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 deptha 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.
Company Contact:Jack Wagenti, Chairman
Phone: 813-260-2866
E-mail:Investor Contact:
Tyler Troup, Managing Director
Circadian Group IR
Toll Free: 1-866-865-2780
