AIVN Update On The Motherlode In The Baja
LITHIA, Fla., Jan. 31, 2013 /PRNewswire/ -- American International Ventures, Inc. (OTC: AIVN), announces further plans to develop its Baja California project "The Motherlode" through its newly organized Mexican subsidiary company, AIVN de Mexico S.A. de C.V. (the "Company"). The Company has successfully obtained access and property rights, plus a mining concession at the El Alamo mining district and will finish road and plant construction for production startup on approximately 30 hectares or 67.5 acres of prime leased mining property, 10 of which was recently leased by the Company and the other 20 hectares is being lease optioned to purchase for three years from the current owner who has already granted the Company access to the mining site.
AIVN's mining attorney in Ensenada, BC, Ruben Reyes , has secured the "Motherlode" concession for the Company in the El Alamo mining district, that dates back to 1900, which has a 320' adit running into the mountain side, where the richest vein was mined until the death of its owner Eduardo Boullosa Sr.
This concession, known as Lion Head Mountain , has been handed down through three generations of miners in the Boullosa family and is now the main focus of extraction and recovery of the newly formed Mexican Company. The vein system rests in the middle of the El Alamo gold trend that historically produced 200,000 ounces at the turn of the 20th century and this mine also constantly produced 1 to 2 ounces of gold per ton from its ore.
The Company's planned pilot program is the first stage to prepare and complete a pre-feasibility study while permitting its full mining operation which is planned to begin after the environmental study has been completed. The Company's Geologist will use the SKY RAY XRF ex ray spectrometer analysis technology for assays at the site, in order to design the recovery circuit to be used for the pre-feasibility study.
The importation of the mining equipment has been hampered by the recent holidays but will continue in the coming weeks with plans to start installing the gold mill and plant on the Company's newly leased land, 700 meters from the mining camp site. The site preparation at the mining camp has been completed and a new road from the camp to the mine is planned to begin construction, but has been hampered recently by rain and snow.
Finally, AIVN's consulting firm in Nevada, AMEC, has filed with the BLM road permits for the Golden Eagle Mining project. AIVN will undertake the state water pollution permit as its next step.
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, one in New Mexico and one in the Baja in Mexico.
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 Motherlode and Golden Eagle 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.
Web Site: http://www.aivn.co
SOURCE American International Ventures, Inc.
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.