American Consolidated Minerals Corp. (TSX-V: AJC) has begun a two hole 3,000 foot diamond drilling program to test their deeper resource potential at their Toiyabe Project. The project is located in North Central Nevada about 78 miles southwest of Elko, Nevada. Weather will not permit a more extensive program but the results should provide for the framework for a much more intensive program in the spring. The indicated mineral resource is 173,000 ounces at a grade of 0.0349 opt and the bulk of the resource is shallow and only comprises a small portion of the Toiyabe Property.
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About American Consolidated Minerals Corp.
American Consolidated Minerals Corp, formerly American Copper Corporation, is a Canada-based, exploration-stage company engaged in the exploration and evaluation of mineral properties for development in the United States. As of September 30, 2007, the Company was in the process of exploring and developing its mineral properties. Pursuant to an option agreement dated January 2, 2008, with MinQuest, the Company may acquire a 100% undivided interest, subject to a 3% NSR, in various claims in Santa Cruz, Gila County and Yavapai County, Arizona; Grant County, New Mexico, and Humboldt County, Nevada, United States (Copper Properties). In January 2009, the Company completed the acquisition of Golden Oasis Exploration Corp and Lebon Gold Mines Limited.
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