American Consolidated Commences Drilling Program at Toiyabe Project
October 20 2009 - 9:00AM
Marketwired
American Consolidated Minerals Corp. (TSX VENTURE: AJC) (the
"Company") is pleased to announce the commencement of a two hole,
3,000 foot diamond drilling program to test the deeper resource
potential at its Toiyabe Project in North Central Nevada. Weather
will not permit a more extensive program but the results from these
holes should form the framework for a much more intense program in
the spring.
The Toiyabe Project is located 78 miles south-southwest of Elko,
Nevada. The property lies 10 miles south of Barrick's Cortez Hills,
12 miles southwest of their ET Blue discovery, 10 miles
west-southwest of their Red Hill discovery and about 6 miles west
of US Gold's large property package. The indicated mineral resource
is 173,000 ounces at a grade of 0.0349 opt and the bulk of this
resource is shallow and only comprises a small portion of the
entire Toiyabe property. The project area contains five additional
targets defined by geology, geochemical and geophysical surveys,
and drilling. (See the Technical Report entitled "Summary Report
and Mineral Resource Estimate on the Toiyabe Gold Property, Lander
County, Nevada" dated May 27, 2009 and filed on SEDAR
(www.sedar.com) on June 4, 2009.)
Richard Kern (P.Geo), a director of the Company, is the
Company's qualified person on the project as required under NI
43-101and has reviewed and approved the technical information
contained in this press release.
American Consolidated is dedicated to the principles of
environmentally sound mining practices and believes that
environmental stewardship and mining can co-exist.
For details on the Company and its properties, visit the
Company's website at www.americanconsolidatedminerals.com.
ON BEHALF OF THE BOARD:
Al Fabbro, President & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: American Consolidated Minerals Corp. Al Fabbro
1-604-602-4935 / Toll Free: 1-866-602-4935 1-604-602-4936 (FAX)
www.americanconsolidatedminerals.com
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