Stock Quote

All American Gold Begins Drilling on Belleville Property in Nevada

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT.

NEW YORK, NY -- (Marketwire) -- 12/06/11 -- 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.

IO Circuit
Email Contact

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.