AIVN - American International Ventures, Inc

The Bruner property is located in Nye County Nevada in a region known as the Walker Lane gold belt, 125 miles east-southeast of Reno and 25 miles northeast of Gabbs, Nevada. Several high-grade gold mines and prospects have been developed in the Bruner district in auriferous quartz veins hosted by Tertiary volcanic rocks. Past production has been estimated at approximately 55,587 ounces of gold contained in 99,625 tons of ore at a recovered grade of 0.562 oz Au/ton. Several large-scale volcanic-hosted precious metal deposits are located in the general vicinity, including Rawhide (1.4 million ounces gold total production, currently in reclamation), Round Mountain (720,000 ounces gold current annual production with over 9 million ounces produced through 2003), and Paradise Peak (1.5 million ounces gold).

The property area is underlain by Tertiary felsic and intermediate composition volcanic and volcaniclastic rocks. Gold mineralization is hosted by a sequence of crystal tuffs that range from latite to quartz latite in composition. The latite is pervasively altered in the central portion of the district, and gold detected in surface sampling and drilling is associated with quartz-adularia alteration. Quartz-adularia veins also occur in the northern and eastern part of the property in a rhyolite porphyry flow-dome that intrudes the volcanic rocks.

AIVN owns 28 patented claims totaling 560 acres and 48 unpatented claims totaling 940 acres for a total land position of 1,500 acres in the heart of the Bruner district. All claims are in good standing. AIVN acquired the majority of the property in July 2002 from Miramar Gold Corporation and an affiliated company Orcana Resources, Inc. Orcana retains a 2% NSR royalty on the claims AIVN acquired from Miramar and Orcana. AIVN can purchase the royalty for $250,000. Prior to AIVN's acquisition of the claims, Miramar completed an extensive environmental clean up of the property, and AIVN is not aware of any liabilities associated with the property.

During the past 25 years several companies have conducted exploration in the Bruner district for volcanic-hosted, bulk-tonnage precious metal mineralization. The work completed includes geological mapping and sampling, about 1,000 soil geochemistry samples, several hundred rock chip samples from outcrops and underground workings, helicopter-airborne and ground geophysics, and 147 drill holes totaling 65,185 feet. Most of the drill holes are reverse circulation holes. AIVN estimates that approximately $1.5 to $2 million has been spent on exploration on the project since 1979.

The soil geochemistry program consisted of samples collected at 100 foot intervals along east-west grid lines spaced 400 feet apart. The soil geochemistry data show a 2,000 ft. by 800 ft. northwest-trending gold anomaly over the central portion of AIVN's claim block. Values typically exceed 100 ppb gold and 300 ppb silver, whereas background values are less than 5 ppb gold and less than 50 ppb silver. In addition, dumps, float and outcrops were sampled on the surface, and all of the available mine workings were chip channel sampled.

The magnetic data shows the major north and northwest structural trends on a contoured plot of the total field data. The mineralized structural trend that hosts the Penelas and Bruner deposits is readily identifiable as a linear magnetic low.

Gold mineralization was detected in many of the drill holes, and AIVN recently completed a program of six diamond core holes to follow-up and confirm the results of the previous drilling.

During June 2004 AIVN completed a drilling program consisting of six diamond core holes to follow-up and confirm the results of previous drilling on the property. The results of the drilling were very encouraging. Gold values greater than 0.02 oz Au/ton were detected in all of the holes, and the results are similar to previous drilling on the property. Higher grade intercepts were present in three of the holes as shown below, and these results may provide clues to discover potential higher grade zones at depth.

Hole Number	From (ft)	To (ft)	Intercept (ft)	Avg. Grade (oz Au/ton)
181	72.7	87.0	14.3	0.079	Includes 0.257 opt Au from 72.7 to 75.7 ft.
182	32.0	52.3	20.3	0.061
184	55.5	83.6	28.0	0.078	Includes 0.335 opt Au from 59.7 to 65.2 ft

All of the previous exploration efforts on the Bruner property have focused on finding bulk minable deposits such as Round Mountain, Paradise Peak and Rawhide. Previous exploration at Bruner identified several areas where potentially significant volumes of bulk minable gold mineralization occur. Additional exploration is needed to fully evaluate the potential for a bulk minable deposit at Bruner.

Moreover, the potential for high-grade vein targets at Bruner remains largely untested. Previous exploration drilling encountered several vein intercepts assaying greater than 0.5 oz Au/ton, and surface sampling also yielded assay results of greater than 0.5 oz Au/ton. High-grade gold vein targets will be a top priority for continuing exploration at Bruner.

AIVN's geologists are evaluating the drilling results together with surface geological mapping and sampling that is currently in progress. Preliminary evaluation suggests that the property has good potential to host mineralization similar to Newmont's Ken Snyder mine at depth, however additional drilling will be required to test this potential.

AMERICAN INTERNATIONAL VENTURES, Inc