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American International Ventures announces
resumption of Drilling at the Bruner Property, Nevada.
EVERGREEN, CO -- (MARKET WIRE) – January 3, 2006 --
American International Ventures, Inc. (OTCBB:AIVN) is pleased to
announce that Cougar Gold LLC (assignee from Electrum resources,
LLC), intends to conduct a second phase of drilling at the Bruner
Gold Property, located in Nye County, Nevada.
Cougar Gold conducted a diamond core drilling program on the Bruner
property in May through July of the current year, which consisted of
6,962 feet of drilling in nine core holes (AIVN press release of May
25, 2006 ). The objective of the exploration drilling program was to
test for high grade gold mineralization at the intersections of
known mineralized structures at depth.
Cougar’s management has informed AIVN that geological analysis of
the results of the first drilling program indicate that the intended
target may be deeper than previously believed and that Cougar
intends to continue drilling the project. The rock textures,
alteration, mineral zoning and geochemistry found in the core
indicate that the current intercepts were above the projected
mineral targets. These same studies indicate that the interpreted
mineral targets may lie some 300 to 500 feet below the previous
drilling.
Cougar plans to drill at least three or four additional, deep core
holes on the project, for a total footage of approximately 4,500
feet. Cougar has indicated that they plan to initiate the second
phase of drilling as soon as a suitable drill rig is located and the
necessary permits are in place
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, are 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, and 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 general risks
associated with exploring for precious metals, including the
inability to conclusively establish commercial reserves, the
possible downturn of the price of gold, inability to raise
additional funds, inability of industry partners to accomplish
anticipated efforts and the inability to obtain attractive
properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
Myron A. Goldstein, Chairman/CFO
Steven R. Davis, President/CEO
American International Ventures, Inc.
4058 Histead Way
Evergreen, CO 80439
Phone: 303-670-7378
Facsimile: 303-674-4766
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