All American Gold Corp (OTCBB:AAGC) is announcing an update on the Company’s Belleville project and the scheduled drill program.
Upon encountering unexpectedly thick alluvium (‘gravel”) in December 2011, the company contracted an expert in reverse circulation mud drilling to supervise the drilling of the IP target and brought in special equipment to facilitate placing casing through the gravel. Upon which, the company again attempted to drill the IP target in January 2012 and a mud rotary hole was attempted. After a number of problems 90 feet of casing was finally installed. A tricone bit was then used to extend the hole to avoid the heavy vibration caused by a hammer bit. Initially this worked down to 200 feet where unfortunately the hole remained in gravel. Caving again became a problem and to avoid losing the entire drill string the hole was abandoned at 235 feet.
The single deepest hole drilled at Belleville was logged and sent for geochemical analysis to check for possible alluvial gold. Results of this work have been received. Anomalous gold ranging from 0.04 to 0.08 g/t was detected from 65 to 70 feet, 190 to 200 feet and 225 to 230 feet. Although these values are anomalous they are far below what would be considered ore grade mineralization.
At this time no further work on the IP target is planned given the unstable nature of the alluvium. Additional drilling methods will be studied before considering further testing. All American Gold plans to review other targets on the property for future exploration with its technical team.
All American Gold Corp. holds a 70% interest in the Belleville property.
About All American Gold:
All American Gold Corporation is a precious mineral exploration company focused on the acquisition and ongoing exploration of mineral property holdings in the United States. The company has spread its holdings across the state of Nevada, diversifying its investment while using the latest technology and geological resources to select properties in the most promising mineral zones. All American Gold Corp. intends to continue to seek out new opportunities through its experienced and proven geological team. Additional information concerning All American Gold Corp’s projects can be found on the company’s website at www.allamericangoldcorp.com
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