Another email just hit showing $AIVN Coverage - Good Afternoon ST Members,
Wow AIVN is getting very thin here, not to mention it seems to jump in gains with small buys. Already +10%, AIVN has the potential to make a strong move up the charts!!! We have noticed over the last hour a trend of buying which usually makes a strong afternoon. If you missed the opportunity this morning we feel that there is a small window of opportunity here and you should read over the news that was released this morning along with our alert last night. Here it is:
AIVN Begins Construction of Their Flagship Mexican Gold Mining Project
LITHIA, Fla., Dec. 13, 2012 (GLOBE NEWSWIRE) -- American International Ventures, Inc. (AIVN), has formed its Mexican subsidiary company "Oro De AIVN S.A. de C.V." to begin its project named the "Motherlode", a 300 Hectare parcel in the El Alamo mining district, Baja California, Mexico. Oro De AIVN is currently completing the road project to enable the delivery of its mining equipment sitting at the Mexican border awaiting export from San Diego.
This property, which is rich in history, produced over 200,000 ounces of gold between 1900 and 1910 using the relatively archaic mining, geology, and engineering methods available at the time. In more recent operation, the Alamo was mined by a Canadian based company who also had considerable success; only shutting in production due to very low gold prices in the late 90's when prices fell to under $300/oz. There has been no real mining activity for the last 13 years at the site.
The company feels it is important to note that previous operators only exploited 10% of the land holdings AIVN will mine, which is highly prospective for resource expansion. As well, the historical mine shafts on the concessions have not been mined below the water table which is only 40-60 meters deep. As evidenced by historical drilling by previous operators, it appears as though gold values increase with depth--a depth which could not be previously mined due to technical and equipment limitations.
The company has seven employees on site lead by CEO and Head Geologist, Brandon Nash. Over the last seven weeks AIVN has moved its mining equipment cache from Winnemucca, NV to Baja, Mexico. AIVN has setup the mining camp and operations on 10 hectares (over 22.5 acres). At this point, the road system design at Oro De AIVN is 70% complete. The mining equipment from Nevada has all been moved to San Diego where it is in the process of being exported to El Alamo. With the preliminary plan of operation completed, and the water at the mining site in place, the company is now in the last step before starting its pilot program which entails designing the water delivery system to the wash plant for testing previously undisturbed placer gold locations.
The immediate plan after construction and commissioning of the pilot plant is to exploit precious metals bearing unconsolidated material, or placers, of which the concession has several million tons ready to process. AIVN anticipates starting a 60 ton per hour pilot program within 3-4 weeks after importing its portable mining equipment. After the pilot phase, the company hopes to ramp up production to 200 ton per hour in the first year. The third phase, which could be implemented within the first year of operation, would entail processing very high grade hard rock ore from known veins on the property.
