AIVN American International Ventures Inc (CE)

American International Ventures Inc. (OTCBB: AIVN) announces that it has expanded its Sage Creek gold exploration property by staking additional claims contiguous to its recently acquired claims. In December 2004, the Company entered into an option agreement to acquire 10 unpatented mining claims comprising approximately 200 acres. The property, which is located in the Salmon National Forest in Lemhi County, Idaho, now consists of unpatented claims totaling approximately 350 acres. The property is adjacent to the Ulysses mine, which produced 90,000 tons averaging 0.33 ounce per ton containing 30,000 ounces of gold in the early part of the twentieth century. The mineralization at the Ulysses mine was reported to occur as a tabular lode, which is currently interpreted to be a stratiform, oxide-phase, banded iron formation ("BIF") of Proterozoic (Precambrian) age. This occurrence is geologically similar to the well-known copper-cobalt deposits at the Blackbird mining district located about 30 miles to the south. However, in contrast to the Blackbird deposits, the mineralization at Sage Creek appears to be low in base metals and high in gold values. There are very few outcrops exposed on the property, but the presence of gold-bearing rock fragments over a large surface area suggests that one or more mineralized horizons occur close to surface. The Company recently collected the following reconnaissance samples from rocks found at the surface on the claims. -0- *T Sample Au Ag Number (oz/ton) (oz/ton) Description --------- --------- -------- -------------------------------------- SC 1 0.214 0.403 Oxidized "BIF" material with abundant limonite in old trench located in the southeast portion of the claim block. SC 2 0.017 0.078 Oxidized "BIF material with weak limonite in road cut approximately 100 feet west of the location of sample SC 1. SC 3 0.570 0.232 Oxidized "BIF" material with abundant limonite collected from the dump of a small adit located approximately 1,300 feet west-northwest of the location of SC 1. SC 4 0.012 0.010 Quartz vein fragments collected from same dump as sample SC 3. SC 5 0.732 0.244 Oxidized "BIF" with abundant limonite in road cut approximately 1,700 feet north-northwest of the location of SC 3 and 2,700 feet northwest of the location of SC 1. SC 6 0.026 0.275 Oxidized "BIF" with moderate limonite in old prospect pits approximately 800 feet west of SC 5 and 2,400 feet north-northwest of SC 1. SC 7A 0.267 0.735 Vuggy silica near location of sample SC 6. *T All of the samples reported above were collected by the Company, and the values are consistent with the results obtained from sampling reported by previous owners or lessors of the property according to technical data in the Company's files. The samples, which typically consisted of five to seven pounds of rock fragments collected on the surface or on dumps from old workings or prospect pits, were analyzed by American Assay Laboratories in Reno using fire assays with a gravimetric finish for gold. The samples are preliminary and strictly of a reconnaissance nature. The sample values indicate the presence of elevated levels of gold over a large area, but the samples were not taken across the mineralized horizon. Therefore these samples do not represent a quantitative measurement of the gold content of the mineralized horizon, nor should the results be interpreted to indicate that gold mineralization is present in a quantity and grade that would represent an economically viable ore deposit. Substantial additional geological and engineering work would have to be completed to confirm the presence of proven or probable reserves that meet SEC standards, and no assurance can be given that any such reserves will eventually be defined. Exploration has been conducted in the general area over the past twenty years for other types of gold occurrences, but the BIF horizon has never been targeted for drilling on the property. The Company is planning to conduct geological mapping and sampling and a ground-based magnetic survey over the area as soon as possible, and the ground magnetic survey will be followed up by trenching in order to define drilling targets. Trenching and drilling will be subject to obtaining permits from the U.S. Forest Service and also to obtaining financing. The area covered by the claims has been logged for timber in the past, and the old logging roads provide excellent access to all of the property. AIVN is an exploration stage company that is focused on the acquisition, exploration and development of gold projects. In addition to the Sage Creek property, the Company owns the Bruner gold exploration property, which is located in Nye County Nevada in a region known as the Walker Lane gold belt, 125 miles east-southeast of Reno, Nevada. FORWARD-LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding potential mineralization, resources and reserves, and development results, and the future plans and objectives of American International Ventures while forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate in actual results of future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from American International Ventures expectations are the down turn of the price of gold, inability to raise additional funds and also, the inability to obtain attractive properties.