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American International Ventures Reports Positive Results from Bruner Drilling LODI, N.J., Jul 6, 2004 (BUSINESS WIRE) -- American International Ventures Inc. (OTCBB: AIVN ) is pleased to announce that the drilling project reported in May at the Company's Bruner Property in Nye County, Nevada has been completed. Gold values greater than 0.02 oz/ton were detected in all of the five holes that were drilled, 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. 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. Please click here for complete assay results for the drilling.
Hole From To(ft) Intercept Avg. Grade
Number (ft) (ft) (oz Au/ton)
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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.
In a separate, but related, development in connection with the Company's existing litigation regarding two former officers of the Company, the Nevada District Court in Washoe County, Nevada recently ordered the two former officers to release data relating to the Bruner property to AIVN that they had retained. The combination of this historic data with the new data that AIVN is generating will enable the Company to efficiently plan the next phase of exploration at the Bruner property. Finally, AIVN is now current on all filings required by the Securities and Exchange Commission, and therefore on June 17 the Company's shares commenced trading on the over the counter bulletin board market (AIVN.OB). AIVN's shares will continue to trade on the Pink Sheets. AIVN is an exploration stage company that is focused on the acquisition, exploration and development of gold projects. The Company's principal gold asset is the Bruner 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. 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 at Bruner 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 gold/ton. AIVN controls 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. 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. SOURCE: American International Ventures Inc. CONTACT: American International Ventures, Inc.
Myron A. Goldstein
James K. Duff
Jack Wagent
973-335-4400
Fax 973-471-7327
www.aivnotc.com
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