American Energy Fields is an exploration and development company that has identified a massive opportunity for uranium (U308) production in the US. Armed with a sophisticated energy mining database that is replete with domestic targets, amid an environment of skyrocketing global demand for inputs from the nuclear industry, AEFI is poised to supercharge near term US production of low cost uranium.
An impressive record of over 9.2M pounds produced historically, with in excess of $25M in development work spent by operators on projects, stands as a testimony to the over four generations of uranium and mineral mining expertise capably wielded by AEFI management.
Among the identified high value acquisition targets are three primary candidates which represent an optimum balance of being undervalued and having a promising developmental profile:
• Coso, Inyo County, CA – 189 Federal lode mining claims on over 3700 acres and 2 State leases at 838 acres total, 5.5M lbs of reserves projected at an average grade 0.07% U308; AEFI holds exploration permit from the State of CA for the COSO State leases
• Blythe, Riverside County, CA – 212 Federal lode mining claims on over 4,200 acres with three sites, two of which had past production; over 10k feet of drilling has produced assays as high as 6.23% U308 and collectively the site has some 7k tons of U308 (average grade of roughly 0.26%) stockpiled with one site alone containing 153k lbs of U308 proven and 2M lbs potential
• Artillery Peak, some 112 miles Northeast of Phoenix, AZ – 86 claims on 1,777 acres of federal land; the northern portion of the property contains an historical 1.7M lbs U308 at an average grade of 0.113% and extensive exploration in the past confirmed by recent drilling (2007-08) underwrites the 1979 DOE profile which projected that regional resource levels could be as high as 1.26B lbs
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