All American Gold Begins Drilling on Belleville Property in Nevada
December 06 2011 - 7:30AM
Marketwired
All American Gold Corp. (OTCBB: AAGC) announced yesterday that they
have begun a scheduled work program on their Belleville property
located in Mineral County, Nevada.
Nevada has seen a resurgence this year in mining activity.
Barrick Gold Corp announced that it has found an estimated 3.5
million ounces of gold outside of its flagship Cortez mine. There
currently are 20 major gold mining operations in the state,
including Newmont Mining (NYSE: NEM), Allied Nevada Gold Corp (NYSE
Amex: ANV) and Midway Gold, Corp (NYSE Amex: MDW).
Nevada mines produced 5.3 million ounces of gold in 2010 at a
total value of $6.54 billion. The state produced 5.03 million
ounces in 2009 at a value of $4.9 billion. Nevada miners produced
7.9 million ounces of gold in 2004 and nearly 8 million ounces in
1997. To keep the pipeline of new mining projects full, companies
are expected to spend in excess of $300 million on exploration in
2011 alone.
Information, opinions and analysis contained herein are based on
sources believed to be reliable, but no representation, expressed
or implied, is made as to its accuracy, completeness or
correctness. The opinions contained herein reflect our current
judgment and are subject to change without notice. We accept no
liability for any losses arising from an investor's reliance on or
use of this report. This report is for information purposes only,
and is neither a solicitation to buy nor an offer to sell
securities. A third party has hired and paid IO Circuit twelve
hundred and ninety five dollars for the publication and circulation
of this news release. Certain information included herein is
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to,
statements concerning manufacturing, marketing, growth, and
expansion. Such forward-looking information involves important
risks and uncertainties that could affect actual results and cause
them to differ materially from expectations expressed herein. We
have no ownership of equity, no representation; do no trading of
any kind and send no faxes or emails.
Contact: IO Circuit Email Contact
All American Gold (PK) (USOTC:AAGC)
Historical Stock Chart
From Jan 2025 to Feb 2025
All American Gold (PK) (USOTC:AAGC)
Historical Stock Chart
From Feb 2024 to Feb 2025