Lithia, Florida, Oct. 02, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — American International Ventures, Inc. (OTC: AIVN Pink) finalized negotiations regarding the acquisition of a proprietary solvent formula which was developed by Dr. Goma Merbergen.
Mr. Robert Polce, CEO stated: “We are aware that this solvent is environmentally friendly, and we intend to further test it for its value as a replacement for certain other chemicals which are now used in the Natural Gas/Oil Fracking industry.”
Under the direction of Paul “Mike” Muncy, AIVN Chief Technology Officer, the solvent was tested under various conditions for its ability to suspend carbon solids in an aqueous solution. AIVN intends to apply the solvent in two distinct processes.
When used in coal processing, the solution, when heated, will aid in fracturing complex hydrocarbon strings to be reformed from solids into synthetic liquids which are classified in the range of coal tar pitch and bunker fuel.
When the proprietary solvent is used in conjunction with clean-up of frack sand which is returned at a well location, the chemicals commonly used in the oil and gas well fracking process is cleaned up at a cost savings to the drilling company. In addition, the return sand is cleaned, screened and kiln dried wherein it can be blended and reused.
AIVN is pleased to announce that Mr. Vic Federici has joined the AIVN Technology Advisory Board. Mr. Federici has spent the last twenty-one years working with Dr. Merbergen with the chemical manufacturer and is with full knowledge and understanding of the blending process. Mr. Federici is knowledgeable of various uses of the solvent formula.
Mr. Federici will work with Dr. John Ousey and Mr. Muncy in development and application of the acquired formula to specific applications which support AIVN core business goals.
AIVN is a gold and silver mining company with a focus on acquiring mines in operator friendly regions of the United States and Mexico. AIVN flagship mining property “The Mother Lode” in Baja California, Mexico is an enormous mining district, with a rich history starting at the turn of the 20th century when over 200,000 ounces of gold was mined in only 10 years. Only 10% of the property has been tested for gold; the areas that have, return consistently high-grade results.
AIVN wholly owned subsidiary: GEOENERGY is a diversified mining and mineral asset management company that is involved in energy, natural resource and fuel related industries. GEOENERGY (along with its partners and affiliates) control over 1.5 billion tons of Coal and other mineral assets worldwide (including Indonesia) GEOENERGY has worked to develop technologies which support recent government mandates to create jobs and value-added products that is mandated under new regulations set forth by the Indonesian government to increase the value of raw minerals through processing on shore, for domestic use and export. Our Coal to Liquids business model provides total compliance with these mandates. This technology requires high moisture coal as a feedstock and eliminates expensive Coal Drying Techniques currently utilized.
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 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:
Robert G. Polce Jr.
Chief Executive Officer
Phone: 813- 260- 2866
Web Site: http://www.aivn.co
Original Article: https://globenewswire.com/news-release/2018/10/02/1588581/0/en/American-International-Ventures-Inc-Acquires-Environmental-Fracking-Solution-Technology.html
