American Goldfields Announces Exploration Update for the Imperial Mine.VANCOUVER, British Columbia -- 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 ) announced today that exploration continues to progress on the Imperial Mine, a historic Nevada gold producing property in which American Goldfields has a formal agreement to acquire a 100% interest. The Imperial Mine (the "Imperial") has been estimated to have produced between 2,000 and 3,000 ounces of gold several decades ago, however more recent exploration work has defined a resource of +0.05 ounce per ton gold and identified the presence of several significant gold targets with Carlin-style 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. . Sediment hosted gold deposits in certain parts of Nevada are referred to as Carlin-type deposits. Regionally, the Imperial is located within the Walker Lane, which hosts several important gold and precious metals deposits such as Bullfrog bullfrog, common name of the largest North American frog, Rana catesbeiana. Native to the E United States, this species has been successfully introduced in the West and in other parts of the world. The body length is 4 to 8 in. , Goldfield Goldfield, small town, SW Nev., a former gold-mining center. Gold was discovered there in 1902, and after an early period of disappointment, large yields of high quality gold were extracted. , and Tonopah. The Goldfield District has produced nearly 5 million ounces, a large portion of which came from two claims comprising approximately 40 acres of ground. Management anticipates drills will be in place on the property this month. The company will not release any corporate drill data until the first phase of exploration is well underway. "The Imperial is an exciting 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 the highly-prospective Gilman project, 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 which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical 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 http://www.sec.gov. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion