Archive for the ‘All American Gold Corp AAGC’ Category

All American Gold Corp. (AAGC) Moves to Secure Advanced Stage Nevada Gold Project with Significant Exploration Potential

Monday, April 23rd, 2012

Domestically-focused precious mineral developer, All American Gold, reported signing a Letter of Intent today with Desert Pacific Exploration, covering terms and conditions for the Essex mineral property in Nevada (some 360 acres in 18 unpatented mining claims, just 10 miles southeast of Ely).

This is prime territory in the heart of the Nevada mining district that represents advanced stage exploration with no defined resource. However, drilling at roughly 400 foot centers, in conjunction with extensive underground workings, has identified a huge zone, some 4,500 feet in length (open in both directions) of mineralization. While chased down to around 700 feet in limited historic workings, the 40 g/t gold and 280 g/t silver values (USGS and other underground operations) produced by the jasperoid formation, apparently having grown along the contact between the Mississippian age Joana limestone and the Chainman shale, have yet to be substantially investigated.

The company has an exclusive period (until May 10, 2012) to investigate the property, extant data from previous mining, and other due diligence under the agreement. This is a huge opportunity for AAGC, as the company also has the option of entering into a mining options agreement with Desert Pacific during the exclusivity period.

The company’s analysis looks good, with the analogy to the Alligator Ridge district/deposit (Carlin-Type gold mineralization at shallow depths) geology being sound and other similarities between the sites further refining this positive outlook for the property. White Pine County is a great place to work a mine and the overall production cost and logistics are exceptional. The host strata for Alligator Ridge (Devonian Guillemette limestone, Devonian/Mississippian Pilot Shale, Mississippian Joana limestone, and Mississippian Chainman shale) are cut by the same 2,500 meter (along strike) structural zone encompassed by the project area.

This zone stretches northwest and has encountered gold and silver all along the Joana-Chainman contact zone jasperoid via drilling/workings, offering the astute AAGC geological team a clear map of possible vectors. Targets in the main host for Alligator Ridge, the Pilot Shale, have yet to be tested and there appears to be abundant upsides for AAGC shareholders, when the company takes Essex to the next level. The recipe for Essex will be the same approach employed by the company elsewhere: modern equipment and a concerted effort by veteran mineral developers with the best geological tools the industry has to offer, balancing resource potential and simplified domestic logistics to reach new heights in precious mineral development profitability.

June gold is off 0.8% (falling $13.80) today on the Comex after closing the week down 1% to $1,642.80 as silver tests a $30 floor during the mid-day session, with a strong showing by the Socialist Party candidate for the French presidency placing second in the first round of elections (second round slated for May 6) re-igniting European investment risk. Holland’s triple-A credit rating is also in jeopardy, with budget talks falling apart over the weekend as Prime Minister, Mark Rutte resigned, bringing about early elections. Add to this the HSBC’s analysis of Chinese manufacturing via their purchasing managers index (up in April to 49.1 from 48.3 in March), where the data shows clear signs of contraction, and Chinese markets closed lower this morning (Shanghai Composite Index off 0.8%, Shenzhen Composite Index off by 1.8%) as expected. The Federal Reserve’s two-day policy meeting tomorrow should reveal more details about domestic easing and it seems like China may be headed in that direction as well, making the price pullback in metals feel more like a lack of underlying momentum in the global economy.

In an age of unsound money, many investors are realizing an age old truth that gold is money, as markets like China (or India), which still inherently remember this truth and express it via raw consumption of precious metals, now increasingly set the trend line tone. With many companies taking profitability, even at sub $1500 levels, AAGC is in prime position to expand its domestic footprint with this deal and the company’s geological team is eager to begin vetting the data, as well as exploring the site potential in further detail.

For more information on today’s LOI, or to learn more about All American Gold, please visit the company’s website at: www.AllAmericanGoldCorp.com

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All American Gold Corp. (AAGC) Targets Nevada’s Historic Goldfield District

Monday, October 24th, 2011

Nevada is America’s gold mine. It is responsible for more than 75% of the gold that comes out of the country. The state’s reserves are currently estimated to be approximately 81 million troy ounces, or over $100 billion. One of Nevada’s major historic gold producing regions is the Goldfield District in southern Nevada, near the Columbia Mountains, northwest of Las Vegas. Goldfield West is a key advanced exploration property for All American, not only because it is only 4 miles west of the historic Goldfield District, but because of its proximity to existing successful mining operations.

The Goldfield District, discovered in 1903, became an important mining center during the gold boom in the early 20th century. Many operations were later discontinued due to labor disputes, floods and fires, but rising gold prices is now generating new interest in the region. It’s an area known for significant grade variations over short distances and within a single mineralized ledge, with a production history of over 4 million ounces, from ore grades as high an ounce per tonne (metric ton), in addition to producing 1.5 million ounces of silver.

Another advantage of the Goldfield District region is the availability of a relatively extensive infrastructure, developed over the years in support of previous mining ventures. It has all-year road access, with generally mild weather, unlike many gold mining areas in places like Alaska. It also has access to additional experienced and inexperienced staffing whenever needed, from nearby small towns.

The Goldfield West project is BLM permitted on 21 drill holes, of which two have already been completed. Encouraging results prompted All American to move forward with drilling the next targets, a 6-hole program begun in September.

All American has carefully spread expenditures and associated risks through a joint venture agreement with TAC and their joint venture partner Minquest. Such partnerships can also increase the life expectancy of an exploration company like All American, by allowing it to take part in more projects, increasing the probability of a successful strike.

For additional information, visit the company’s website at www.AllAmericanGoldCorp.com

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All American Gold Corp. (AAGC) Uses Proximity Success Approach to Find Gold

Tuesday, October 18th, 2011

All American Gold Corp., a gold property acquisition and exploration company, is focused on the state of Nevada, the primary gold state in the country, responsible for more than 75% of all the gold produced in the U.S. The company’s lead geological advisor, Richard Kern, has had exceptional success in identifying gold-rich properties in Nevada, including a 1.6 million ounce gold-equivalent deposit at Eureka.

All American and their geological team have developed an experience-based strategy of identifying properties based on their specific proximity to historically successful producing mines, together with their favorable geology in relation to these neighboring exploration projects. Using this “Comparable Peer” approach, they’ve acquired interests in three Nevada properties:

• Goldfield West (Esmeralda County, north of Las Vegas), where All American holds a 35% interest, plus rights to acquire a further 10% interest.

Goldfield is the initial exploration focus for the company, due to the promising mineralization which could generate a significant gold resource similar to adjacent finds by major miners currently in the district. International Minerals projects in the area hold estimated overall resources of 1,247,000 ounces of Measured and Indicated resources, contained in 31.3 million tons (“Mt”) at an average grade of 1.2 g/t gold; and 385,000 ounces of inferred resources, contained in 7.7 Mt at an average grade of 1.6 g/t gold. The Goldfield Bonanza Project, by ICN Resource, also shows high-grade mineralization.

• Belleville (Mineral County, central Nevada), where All American holds a 70% interest.

Peer success in this area includes both gold and silver discoveries, including the MinQuest discovery, based upon exploration beginning in 2008, of gold bearing shears and veins. Tingley reports a remaining inferred resource at Candelaria Silver of 27 million tons averaging 50 grams per ton silver, and 0.19 grams per ton gold. The historic Marietta Mine of Azteca Gold Corp. is reported to have a series of epithermal veins and shears averaging up to 1.9 ounces per ton of gold.

• Iowa Canyon (Lander County, northern Nevada), where All American holds a 15% interest, plus rights to acquire a further 25% interest.

The Cortez Hills deposit, just 30 miles to the southeast of the Iowa Canyon property, is where Barrick Gold recently intersected 0.894 ounces per ton gold over 67.2 feet, with previously inferred resources of 3.5 million ounces of gold from 28,756,602 tons grading 0.123 ounces per ton gold.

For additional information, visit the company’s website at www.AllAmericanGoldCorp.com

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All American Gold Corp. (AAGC) Progress at Goldfield West Property

Tuesday, October 11th, 2011

If you travel three and a half hours northwest of Las Vegas, you will come across All American Gold Corp.’s Goldfield West Property. The site is a 2,100 acre (850 hectare) advanced exploration property with defined targets comprised of 105 unpatented mining claims. Approximately three miles west of the town of Goldfield, well-graded dirt roads make the site easily accessible. It is adjacent to International Minerals Goldfield properties, which reportedly contain 1.2 million ounces of gold resources. The Goldfield district is famous for multi-ounce, bonanza gold ores and has recorded historic production in excess of 4 million ounces of gold at an average grade of > 17 g/t Au.

AAGC’s Goldfield West property encompasses an area of Tertiary volcanic and volcanoclastic rocks. Several mining exploration companies, including the U.S. Geological Survey, hypothesize that the western edge of a caldera rim runs through the property. The data compiled from historic drilling results and information gathered through geological mapping, geochemical sampling and geophysical surveys has identified three distinct targets over a strike length of 3.5 miles.

One of the most recent work campaigns in the area, completed by Bonaventure Enterprises, combined geophysical surveys, geochemical sampling and 23 reverse circulation drill holes at the Nevada Eagle and South targets. This work helped to define at least 220,000 ounces (more than $300 million) in resources. Results like these usually confirm the existence of a gold-bearing hydrothermal system associated with the argillization and silification of host rocks close to the feeder structures.

At the South target, interpretation of geophysical surveys has identified an 800 meter long nearly north-south structure. A hole drilled back in 2010 identified minor veinlets of quartz/pyrite/alunite and gold values up to 1.45 g/t over 1.5 meters. Two fences consisting of three angle drill holes spaced roughly 100 feet apart will attempt to penetrate the fault identified by the geophysical surveys. At Nevada Eagle in the northern part of the property, drill holes will target an interpreted broad north-south trending structure which appears to host an intrusive dike. Two or three additional angle holes are planned to test the geophysical anomaly. All of the drill holes will be angled across the interpreted structures, supervised and logged by an independent geologist. Drill samples will be collected on 1.5 meter lengths and shipped to ALS Chemex in Reno, Nevada for analysis of gold and silver content.

As 2012 approaches, All American Gold plans to continue to further assess the overall potential of the Goldfield West Property, which has been permitted for a total of 21 holes.

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All American Gold Corp. (AAGC) Digs into the Nation’s Top Gold Producing Region with Promising Exploration Project

Monday, October 3rd, 2011

All American Gold Corp. is focused on the acquisition and exploration of mineral property holdings in Nevada, the nation’s top gold producing state. The company executes its mission to strengthen its exploration portfolio by evaluating new gold opportunities throughout the United States, and is currently working three projects in Nevada: Iowa Canyon, Belleville and Goldfield West.

The company holds a 70 percent interest in the Belleville property, which is located about 250 miles northwest of Las Vegas, Nev. The project is comprised of ten, unpatented mining claims on approximately 74 acres. Nevada’s high desert climate and geological set-up allow for year-round exploration and mining.

Belleville is in close proximity to recent and historic producing mine, including the Candelaria Silver Mine, which is ten miles to the east, and the Marietta Mine, six miles to the west; both mines lie within the Walker Lane structural and mineral belt, as does Belleville. The Candelaria Silver Mine has produced more than $30 million in mineral resources.

So far, three potential drilling projects have been identified at the Belleville project, one of which is a set of gold bearing shear zones; the second drill target is a geophysical anomaly indicating the apparent extension of the mineralized shears under pediment; the third target occurs at the intersection of the mineralized structures with a major lithologic contact.

Exposed rocks at Belleville are meta-sediments, meta-volcanics of the Triassic Excelsior formation, and granite intrusion of late Mesozoic age. The company reports that in the Excelsior package several old pits and adits are developed along two semi-parallel shears, which contain quartz veins, stockworks, and varying amounts of iron and copper minerals. In addition, rock chip samples from these workings reveal as much as 53 parts per million gold (ppm).

All American Gold is preparing to commence its exploration on the Belleville property in the near future, and is scheduled to begin testing of the geophysical anomaly with angled reverse circulation drilling this fall.

For more information visit www.allamericangoldcorp.com

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All American Gold Corp. (AAGC) Provides Update on Goldfield West Project Drilling Operations

Wednesday, September 28th, 2011

All American Gold Corp. today reported an update on the drilling operations at its Goldfield West Project in Nevada.

Drilling, which commenced at the south target of the property, is progressing on schedule with two reverse circulation drill holes, each to an approximate depth of 800 feet, having been completed. According to today’s press release, an additional two holes are in progress and scheduled for completion by the first week of October. The holes at the south target are to further investigate a 2,600 foot long structure that had been identified through previous geophysical surveys. The samples collected from the south target will be sent to ALS Chemex in Reno, Nevada for analysis of gold, silver and any other precious mineral content.

Exploration efforts at Goldfield West will target the northern part of the property next. Drilling will focus on an interpreted broad north-south trending structure which appears to host an intrusive dike. Two reverse circulation drilling holes to an approximate depth of 800 feet are planned to test this geophysical anomaly which was identified from previous works conducted on the property.

The Goldfield West Property is located approximately 4 miles southwest of International Mineral’s Gemfield deposit and 4.5 miles west of the Goldfield district, which is renowned for its historic production in excess of 4 million ounces of gold at an average grade of > 17 g/t Au.

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All American Gold Corp. (AAGC) Targets Nevada’s Rich Soils for Gold Production

Friday, September 23rd, 2011

The United States ranks No. 6 in global gold production, leveraged by the high-production rate of the nation’s leading gold producing state, Nevada. To gold exploration and mining companies, Nevada is a land of golden opportunity, literally, where an estimated $235 billion worth of gold has been produced at a rate of at least 5 million ounces of gold each year for the past 20 years. In fact, more than 75 percent of the nation’s gold comes from Nevada.

In a 2010 published report by the Nevada Mining Association, economist John Dobra referenced Nevada’s historical production levels, and opined that gold exploration efforts in Nevada pay off, a statement supported by the fact that more than 100 new gold projects will have sprung up this year alone.

Nevada is also home to the Carlin Trend, one of the world’s most well-known mining districts. The Trend produces more than 70 million ounces of gold valued at approximately $91 billion (2010 price levels) across its 2,000-square miles.

Estimates suggest the Trend may contain upward of $230 billion of unmined gold reserves, drawing exploration efforts from numerous companies, including Allied Nevada, Newmont Mining and Barrick Gold.

This gold-dense land is also an ideal location for All American Gold Corp., which has established itself with multiple existing holdings in the nation’s top gold-producing state.

The company has three projects in Nevada: Iowa Canyon, Belleville and Goldfield West. The projects are located in a region that All American Gold believes has the potential to yield significant discoveries.

For more information, visit www.allamericangoldcorp.com

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All American Gold Corp. (AAGC) Lands a Full Page in USA Today

Tuesday, September 20th, 2011

Today, USA Today devoted a full page to All American Gold Corp., including information on seven powerful forces that are jeopardizing our financial system. The financial issues facing our world today are very real and continue to increase the appeal of precious metals as well as mining companies, particularly junior gold companies such as All American Gold Corp.

With multiple existing holdings in the gold-rich state of Nevada, all of which are located in known producing gold-rich areas, All American Gold Corp. continually seeks to further increase its portfolio by carefully reviewing and evaluating new gold exploration opportunities in the United States. An experienced management team and seasoned technical advisor lead acquisition and exploration initiatives.

The Goldfield West property is an advanced exploration prospect comprised of 105 mining claims covering a total of 2,100 acres. With defined targets and a defined resource, it is adjacent to the south of International Minerals’ Gemfield/Goldfield property containing a reported resource of 1.2 million ounces of gold, and is easily accessed via well graded dirt roads. The Goldfield region has historic production figures of more than 4 million ounces of gold.

Located approximately 175 miles south-southeast of Reno, Nevada and approximately 250 miles northwest of Las Vegas, Nevada, the Belleville Project is nearby recent and historic mines, including the Candelaria Silver Mine and the Marietta Mine. Both of these mines lie within the same Walker Lane structural and mineral belt as the Belleville Project. Three potential drilling targets have been identified at the project.

The Iowa Canyon property, consisting of 165 mining claims that cover approximately 5 square miles, sits on the Battle Mountain Eureka Trend that has historically produced more than 23 million ounces of gold. Representing a high-quality exploration opportunity having untested potential within several gold and silver bearing targets, the property sits approximately 30 miles southeast of the Cortez Hills deposit and 20 miles southwest of the Cove-McCoy mine.

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Prime Equity Research, LLC Issues “Speculative Buy” Rating on All American Gold Corp. (AAGC)

Monday, September 19th, 2011

Today it was announced that Kipley J. Lytel, CFA and Senior Analyst with New York based Independent Research firm Prime Equity Research, LLC, initiated research coverage on All American Gold Corp. with a Speculative Buy Rating. An 18 page report was issued, detailing information on the company’s business, opportunities and potential.

The following is an excerpt from the report: “We Initiate Coverage of All American Gold Corp. (‘AAGC,’ ‘All American’ or ‘the Company’) with a Speculative Buy rating, based on potential for significant developments with respect to ongoing exploration programs and expected ability to achieve discovery milestones over the next two quarters. AAGC is primarily focused on the acquisition and further advancement proving underlying gold resources of mineral properties in Nevada. The Company has various existing holdings in the gold-rich state of Nevada, a state that mines over 75% of all U.S. gold.”

Founded and managed by a team that has been actively involved in the research and finance industry for over 15 years, Prime Equity Research is rooted in principles of integrity and fundamentals-driven markets. The firm’s equity securities analysts have extensive securities market research experience, and are highly qualified and credentialed CFA (Chartered Financial Analyst), charterholders or MBA’s.

Access to the full report is available at www.primeequityresearch.com

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All American Gold Corp. (AAGC) Announces Definitive Agreement to Secure Interest in Iowa Canyon Property

Thursday, September 15th, 2011

Today before the opening bell, All American Gold Corp. announced that it has inked an option agreement to secure an initial 15% interest in the Iowa Canyon Property in Lander County, Nevada. The decision was made after careful consideration and review of geological information and data from previous works. In consideration for this 15% interest, the company is required to pay a total consideration of $100,000, half of this amount was paid upon signing. An additional option is available to the company to acquire another 25% interest in exchange for a $3,000,000 payment 60 days prior to the one year anniversary of the execution of the contract.

Easily accessible via paved highways, gravel roads and dirt roads, the Iowa Canyon Property is located approximately 30 miles southeast of the Cortez Hills deposit and 20 miles from the Cove-McCoy mine at the south end of the Carico Lake Valley. The property consists of 155 unpatented mining claims covering approximately 5 square miles. All American Gold has had the opportunity over the past year to evaluate the Iowa Canyon project through a right of first refusal agreement which recently expired.

“This project is in a burgeoning area of exploration of Nevada which our company has long had interest in and we are very pleased to have been able to secure this agreement. We feel that the Iowa Canyon project represents a high-quality exploration opportunity having, as of yet, untested potential within several gold and silver bearing targets. We look forward to formulating an aggressive exploration program through the expertise of our technical team. As the property advances, we also feel that it may be of great benefit to the company to have the additional option of aggregating up to a 40% interest in Iowa Canyon,“ stated Brent Welke, CEO.

The area has documented historic production of fluorite, turquoise and placer gold. Exploration for barite, molybdenum and disseminated gold is relatively new, occurring within the past two decades. Recent exploration efforts have discovered multiple episodes of precious metals mineralization over a district-wide scale (nine square miles). Gold is hosted in a variety of rock types including silicified Tertiary volcanic and volcanoclastic sediments, quartz veins, quartz stockwork zones, carbon-rich Paleozoic sediments, and as jasperoid replacements of lower plate calcareous sediments. The host rocks are structurally prepared, permeable and\or adjacent to dikes and sills that acted as conduits for mineralizing fluids. Late stage mineralization in the form of gold-silver-arsenic-antimony-mercury is zoned outward from a porphyritic quartz monzonite stock of late Cretaceous age. The stock is responsible for early stage molybdenum-tungsten-fluorite+gold mineralization. Gold and molybdenum are also disseminated within possible Eocene age felsic to mafic dikes and sills associated with northeast and northwest trending faults.

Previous work conducted in the 1980’s and 90’s by Echo Bay, Hemlo Gold, North Mining, Rio Algom and Carlin Mining identified gold and silver bearing zones within upper and lower plate sediments and Tertiary tuffs and conglomerates. Lower plate rocks believed to be Hanson Creek Formation have been encountered in both outcrop and in drilling on the north, east and west portions of the project.

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All American Gold Corp. (AAGC) Led by Seasoned Management Team

Wednesday, September 14th, 2011

All American Gold Corp. is a publicly traded company that acquires and explores property holdings in the state of Nevada. With several key projects currently underway, the company relies on its experienced management team to drive its current initiatives and further develop its portfolio. The group’s experience includes everything from project management to geological fieldwork. The geological team, bringing almost 100 years of combined experience, is essential to All American Gold’s success.

Industry powerhouse Richard Kern, B.Sc., M.Sc., P.Geo, serves as AAGC’s Technical Advisor. An expert in base and precious metal exploration, his 35 years of experience has spanned multiple continents including North America, South America and Australia. He has also managed work in New Guinea, Malaysia, China and Fiji. Mr. Kern has held field, executive, and management level positions in companies such as North Mining, Homestake Mining Company, Superior Oil and with the U.S. Geological Survey. While with Homestake Mining, Richard’s team drilled the discovery holes into a 1.6 million ounce gold deposit at Eureka, Nevada, a project that yielded several years of exploration. His extensive educational background supports his industry-leading field experience; he has a Master’s of Science Degree in Geology from Idaho State University and a Bachelor of Science Degree in Geology from Montana State University. Mr. Kern’s exploration methods combine practical field geology, geochemistry and drilling with state of the art GIS, geochemical and geophysical methods.

Brent Welke, B.F., J.D., M.Div, leads AACG as its President, CEO and Director. Overseeing the company’s negotiations, litigations and financial performance, Mr. Welke uses his project management and legal experience to extend the company’s reach into new markets and fully develop its current explorations. Prior to AACG, he served as CEO of Agnova Corporation and spent 9 years as a land man for North American Coal Corporation, experiences that are complemented by 30 years of legal experience. He is known for his skillful negotiations and deal-making abilities.

Dr. Gaspar Gonzalez, PhD, B.B., serves as AACG’s CFO and Director. Dr. Gonzalez has over 25 years of broad-based experience in project management, operations, business development, specialized product sales and finance. A strategic affairs consultant, he has been spent the past 13 years in a business consulting roll where he oversees the development of project management systems, banking and financing. Dr. Gonzalez has served government inter-agencies, business firms, non-profit/community organizations and academic institutions. Dr. Gonzalez has a PhD in Business Administration from Cambridge International University where he graduated summa cum laude.

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All American Gold Corp. (AAGC) Targets America’s Single Biggest Gold Producer

Tuesday, September 13th, 2011

It’s little surprise that the state of Nevada is associated in most people’s minds with the glitz and excitement of Las Vegas, one of the world’s top tourist and entertainment sites, offering more hotel rooms than any single place on earth. But people who know Nevada will tell you that much of the state’s real wealth is, and always has been, deep in the ground.

Historically, Nevada is the most prolific gold producing state in the country, the source of more than 75% of all the gold produced in the U.S. If Nevada was a country, it would be one of the top gold producing nations in the entire world. Considering the current per ounce price of gold, consider this: Nevada has produced at least 5 million ounces of gold every year for the past 20 years, over and above silver, copper, and other minerals. And yet, with its long history of gold production, the U.S. Geological Survey estimates that there remains a huge amount of gold as yet untapped, with historic Nevada gold producing areas such as Carlin, Battle Mountain, and Walker Lane Trends attracting growing interest. Several industry leaders, such as Newmont Mining, Barrick Gold, and Goldcorp, have ongoing projects in the state.

All American Gold Corp. is focused on the state of Nevada, using a proven geological team to develop high-potential sites within close proximity to previous discoveries or actively operating mines, and is currently centered on three projects:

• Goldfield West, northwest of Las Vegas, is an advanced exploration property with defined targets, located 4 miles west of the Goldfield district, which has historic production of over 4 million ounces of gold. A few miles to the northeast is International Minerals’ Goldfield properties, with measured and indicated resources of over 1.1 million ounces. Goldfield West is comprised of 105 unpatented mining claims, covering over 2,000 acres, with easy access to processing facilities, and surface samples exceeding 15 g/t of gold. Holding permission for 21 holes, the company expects the next phase of drilling to commence by the middle of September.
• Belleville, northwest of Goldfield West, in the Walker Lane mineral belt, is comprised of 10 unpatented mining claims on 74 acres, with 24 additional surrounding claims identified for staking in Q3 2011. The Walker Lane area has past production exceeding 35 million ounces of gold. Rock chip samples have revealed gold at 53 parts per million, and 3 potential drilling targets have been identified for exploration in Q4 2011.
• Iowa Canyon, in the center of Nevada, is 30 miles southeast of the 14.1 million ounce Cortez Hills deposit, and 20 miles from Cove-McCoy boasting 2.6 million ounces of gold and 101 million ounces of silver. The property offers a high-quality exploration opportunity, covering approximately 3,200 acres. Surface sampling of jasperoid and silicified phyllite in the southern part of the property shows up to 5.6 g/t of gold.

American Gold’s CEO is Brent Welke, previously CEO of Agnova Corporation, and a seasoned negotiator, with degrees in both law and finance, and experience that includes putting together important land deals for North American Coal Corporation. The company’s CFO is Gasper Gonzalez, PhD, with over 25 years of experience in finance, project management, and business development. Richard Kern, the company’s Technical Advisor, holds an MS in Geology, and has over 35 years of worldwide experience in base and precious metal exploration, including major mineral discoveries, such as a 1.6 million ounce gold deposit in Nevada, and a 9 million ounce gold-equivalent deposit in Australia.

For additional information, visit the company’s website at www.AllAmericanGoldCorp.com

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All American Gold Corp. (AAGC) is “One to Watch”

Friday, September 9th, 2011

All American Gold Corp. is focused on acquiring and exploring mineral property holdings in the United States. With multiple existing holdings in the gold-rich state of Nevada, the company continually seeks to further increase its portfolio by carefully reviewing and evaluating new gold exploration opportunities in the United States. An experienced management team and seasoned technical advisor lead acquisition and exploration initiatives.

The Goldfield West property is an advanced exploration prospect comprised of 105 mining claims covering a total of 2,100 acres. With defined targets and a defined resource, it is adjacent to the south of International Minerals’ Gemfield/Goldfield property containing a reported resource of 1.2 million ounces of gold, and is easily accessed via well graded dirt roads. The Goldfield region has historic production figures of more than 4 million ounces of gold.

Located approximately 175 miles south-southeast of Reno, Nevada and approximately 250 miles northwest of Las Vegas, Nevada, the Belleville Project is nearby recent and historic mines, including the Candelaria Silver Mine and the Marietta Mine. Both of these mines lie within the same Walker Lane structural and mineral belt as the Belleville Project. Three potential drilling targets have been identified at the project.

The Iowa Canyon property, consisting of 165 mining claims that cover approximately 5 square miles, sits on the Battle Mountain Eureka Trend that has historically produced more than 23 million ounces of gold. Representing a high-quality exploration opportunity having untested potential within several gold and silver bearing targets, the property sits approximately 30 miles southeast of the Cortez Hills deposit and 20 miles southwest of the Cove-McCoy mine.

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