American Video Teleconferencing Corp. Signs Option Agreement
November 29 2010 - 10:49AM
American Video Teleconferencing Corp. (Pink Sheets:AVOT), "the
company", is pleased to announce that it has signed an option
agreement for three gold bearing claim blocks situated in the
northern mining district of Saskatchewan, Canada. Assays taken in
2008 on selected samples returned repeatable high grade gold values
of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).The property
owners did random sampling in June 2007 and had an assay of
933gms/ton (32.9oz/ton) of gold from one of the samples and that
prompted the writing of a technical report on the project that was
prepared in compliance with the National Instrument 43-101 and Form
43-101F1 and was issued on November, 28 2008. The writer was Duncan
Bain P Geo. who resides in London Ontario, Canada. Samples that
were taken as part of a work program done on the property were sent
to an ISO-certified assay laboratory based in Saskatoon,
Saskatchewan Canada. The project is 1385 hectares in area and
covers several documented nickel-copper and gold showings and land
in proximity to lake sediment geochemical and biogeochemical
anomalies. All these are part of the Snowbird Tectonic Zone which
is a major tectonic structure and extends for more than 2,000
kilometres. Access to the project is currently by float or ski
equipped aircraft or by helicopter to Stony Rapids which is
accessible by commercial aircraft from the major cities of
Saskatoon or Regina in southern Saskatchewan. The expenditures for
the 2010-2011 work program will be paid by the property owners due
to an arrangement reached in the option agreement with the issuance
of 1.2 million restricted shares (144).
To contact the company email at dealseekers10@gmail.com On
behalf of the of the board SCOTT VAN BOEYEN Scott Van Boeyen
President
CONTACT: American Video Teleconferencing Corp.
Scott Van Boeyen, President
438-838-7056
American Video Teleconfe... (CE) (USOTC:AVOT)
Historical Stock Chart
From Oct 2024 to Nov 2024
American Video Teleconfe... (CE) (USOTC:AVOT)
Historical Stock Chart
From Nov 2023 to Nov 2024