American Video Teleconferencing Corp. Announces Option Agreement
October 13 2010 - 8:00AM
American Video Teleconferencing Corp. (Pink Sheets:AVOT) (the
company) is pleased to announce that it has signed an option
agreement to acquire two claim blocks in townships of Mekinac and
Lajuene, Province of Quebec. These claim blocks are approximately
3600 acres in total and are located 120 miles east of Montreal P.Q.
and 50 miles north of Three Rivers P.Q. They are accessible year
round with infrastructure in the immediate vicinity. The claims
adjoin a property that had one of the highest readings of Rare
Earths in North America. Sampling in the 1950s gave readings of 48%
combined Cerium, Lanthanum, Neoymium and Yttrium. That property has
remained dormant for over 50 years but the new owners plan an
extensive exploration program this fall. The company, after a
lengthy search and after careful due diligence, believes this is
going to be one of the most active areas for Rare Earths
exploration and our holdings are in the same geological setting as
the 48% Rare Earths showing. Rare Earths are in huge demand
especially in the United States as China is closing off its exports
of these strategic metals to less than 5% of its production. The
company will aggressively continue to search world wide for
opportunities in Precious, Base and Rare Earths metal projects.
To contact the company Email at dealseekers10@gmail.com
On behalf of the of the board |
SCOTT VAN BOEYEN |
Scott Van Boeyen |
President |
Phone 438-838-7056 |
CONTACT: American Video Teleconferencing Corp.
438-838-7056
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