American Goldfields Announces Additional Results for Imperial Mine Exploration Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- American Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGFL AGFL Affix Grammar Over Finite Lattices AGFL Airborne Ground Fire Locator ) is pleased to announce receipt of channel sample results from its Imperial Mine exploration project ("Imperial"), in the Railroad Springs mining district near Goldfield, Nevada Goldfield is the county seat of Esmeralda County, Nevada. It is about 170 miles southeast of Carson City, along U.S. Highway 95. As of the 2000 census, the Goldfield area population was 440, almost half of the county's population, though for several years in the early 20th century . A total of 40 channel samples were taken across veins exposed in the Upper and Lower adits at Imperial. Management is encouraged by the high-grade results, as listed below. These results, in conjunction with the previously released high-grade assays from drill hole IR-4, have led management to decide to initiate a Phase 2 drill program which will further test gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. found to date as well as new Carlin-style targets that occur in the eastern portion of the property.
IMPERIAL UPPER ADIT RESULTS IMPERIAL LOWER ADIT RESULTS
Sample# Width Gold Silver Sample# Width Gold Silver
(feet) (oz/ton) (oz/ton) (feet) (oz/ton) (oz/ton)
IUA 0 6.0 0.232 0.123 ILA 50 1.0 0.143 0.742
IUA 10 4.0 0.507 0.464 ILA 70 1.5 0.033 0.053
IUA 30 4.0 0.035 0.020 ILA 90 2.5 0.183 0.850
IUA 40 4.0 0.275 0.079 ILA 110 3.0 0.154 0.844
IUA 50 2.5 0.248 0.201 ILA 137 2.0 0.506 1.451
IUA 65 3.0 0.340 0.239 ILA 152 1.5 0.045 0.085
IUA 70 3.0 0.271 0.213 ILA 170 1.5 0.004 0.015
IUA 80 3.0 0.165 0.239 ILA 202 2.0 0.048 0.020
IUA 93 2.0 0.249 0.181 ILA 250 2.5 0.053 less
IUA 105 4.0 0.331 0.175 than
IUA 120 3.0 0.615 0.978 0.015
IUA 128 2.5 1.517 1.083 ILA 300 3.0 0.004 0.035
IUA 140 1.5 0.106 0.149 ILA 350 3.0 0.002 0.064
IUA 150 1.5 0.045 0.018 ILA 400 2.0 0.013 0.015
IUA 175 2.5 7.636 0.251 ILA 420 2.5 0.341 0.044
IUA 190 3.0 0.112 0.032 ILA 430 1.5 0.379 0.020
IUA 210 3.0 0.127 0.114 ILA 444 2.0 0.159 0.020
IUA 230 2.5 0.012 less ILA 450 3.0 0.102 0.023
than ILA 460 1.5 0.089 0.053
0.015 ILA 500 2.5 0.178 0.397
IUA 250 2.0 0.014 0.018 ILA 510 3.0 0.497 0.131
ILA 520 3.0 0.148 0.155
ILA 527 2.0 0.113 0.018
(Gold values are average of 2 assays. All assaying by ALS Chemex)
Exploration is progressing on the company's properties and management expects to be releasing a steady flow of results over the coming months. "The Imperial is a promising mineral exploration property, in an area which we believe to be one of the highest-profile mineral regions in Nevada," said Donald Neal, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We believe that the Imperial, together with our other highly-prospective Hercules and Gilman projects, comprise a significant foothold in what has historically been one of the most valuable and concentrated gold districts in the world." Disclaimer: This announcement may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital Noun 1. operating capital - capital available for the operations of a firm (e.g. manufacturing or transportation) as distinct from financial transactions and long-term improvements capital, working capital - assets available for use in the production of further assets , factors detailed in the accuracy of geological and geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at www.sec.gov. American Goldfields Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AGFL) |
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