AVOT Mining Moves to Secure High Grade Molybdenum Property
June 27 2011 - 11:51AM
American Video Teleconferencing Corp.'s (Pink Sheets:AVOT) mining
arm AVOT Mining has a company representative in Montreal validating
the title just prior to entering into a formal agreement to acquire
an exclusive option on a very promising molybdenum property in the
Fort Colounge area of the province of Quebec. Previous trenching in
1959 exposed a very high grade molybdenite zone at intervals over a
length of more than 110 feet and widths ranging from 3 feet to 10
feet. During the summer of 1959, two short diamond drill holes of
25 feet each showed heavy molybdenite mineralization through the
first 6 feet of the core and again near the bottom of the drill
hole. The molybdenite occurs as disseminated flakes as big as 2
inches in diameter. It was reported at the time that 200 lbs of
hand selected pure molybdenum was able to be removed from the
showing in one day. Some of the values assayed at the Quebec
department of mines gave the following values:
% of Molybdenite |
% of Molybdenite (calculated) |
15.80 |
25.20 |
9.68 |
16.07 |
8.35 |
13.86 |
5.60 |
9.30 |
2.79 |
4.63 |
Once title has been confirmed, a geologist will be hired to
locate the former showings and formulate a n exploration program to
confirm and expand the past results.
This property is only one of several properties the company has
under consideration in the province of Quebec.
To contact the company, email dealseekers10@gmail.com or
Visit the company website at www.avotmining.com
On behalf of the board Scott Van Boeyen President
CONTACT: American Video Teleconferencing Corp.
Scott Van Boeyen
438-838-7056
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