Fortbridge Media ReleaseAusAmerican Mining [ASX: AIW] - Quarterly Activities Report, June 2011Australian-American Mining Corporation (ASX: AIW) reports on activities occurred in the last quarter ended 30 June 2011.
HIGHLIGHTS:
Drilling commenced at the Rio Puerco uranium project in New Mexico.
Permits for drilling received for the Lone Star uranium joint venture in Texas; drilling to commence this quarter.
Drilling completed at La Paz Rare Earth Element project and Rare Earth Element metallurgical scoping study underway with results due in September.
Initial results from drilling program at San Marcos gold project in Arizona highly encouraging. Results from 4 holes assayed to date show mineralisation in all of the holes including Holes SM01A and SM01B in which continuous mineralisation was found in the range between 0.01 g/t - 0.3 g/t. Intercepts in Holes SM10A and SM10B included 13.5 metres @ 2.25 g/t, including 1.5 metres at 8.94 g/t, and 10 metres at @ 1.88 g/t, including 1.5 meters at 4.23 g/t.
Application for the Toronto Stock Exchange Venture Exchange (TSX_V) listing lodged.
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