All American Gold Corp. is a publicly traded company focused on the acquisition and ongoing exploration of mineral property holdings in the United States. All American has various existing holdings in the gold-rich state of Nevada and intends to seek out new opportunities through its experienced and proven geological team.
Corporate Strategy
1. Maximizing shareholder value in the gold mining business by way of exploration and discovery is where AAGC wants to be. As the market price of gold has indicated, there is an increasing number of investors adding gold to their investment portfolios and as a result, gold prices have steadily climbed as demand is quickly out-stripping supply. And AAGC understands that major gold producing companies’ share prices will increase in sync with the price of gold, but they won’t deliver the dramatic growth of an exploration company with a discovery.
2. Exploration proximity to successful discoveries and operating mines is where AAGC wants to be. AAGC believes that the state of Nevada is one of the most exciting areas in the world for gold exploration, frequently accounting for more than 75 percent of gold production in the United States. Additional benefit of being close to other gold producers greatly reduces the costs related to infrastructure requirements at the exploration stage.
3. Management and technical expertise – With Management having a strong background as landmen and a technical advisor that boasts over three decades of experience in precious metal exploration, the company looks to highly leverage this expertise. The proven track record of technical advisor, Richard Kern, of finding the right places for exploration gives the company strong direction for the future.
4. Adding to AAGC's exploration portfolio. In addition to AAGC’s aggressive exploration programs for its existing properties, AAGC is always looking to further increase its land portfolio by carefully reviewing and evaluating new gold exploration opportunities in the United States.
September 15 - All American Gold Corp Signs Definitive Agreement to Secure Interest in Iowa Canyon Property
All American Gold Corp (OTCBB: AAGC) announced that, after careful consideration and review of geological information and data from previous works, the company has completed the signing of an option agreement to secure an initial 15% interest in the Iowa Canyon Property in Lander County, Nevada. 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, for a total of 40%, with a $3,000,000 payment 60 days prior to the one year anniversary of the execution of the contract.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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