Vancouver, British Columbia… American Consolidated Minerals Corp. (the “Company”) (AJC – TSX.V) is pleased to report that it has met all of the terms of its agreement with Sparton Resources Inc. (“Sparton”) and has completed the acquisition of Sparton’s 50% interest in the 500-hectare Sierra Rosario Property (“Sierra Rosario”), located in the state of Sinaloa, Mexico. International Northair Mines Ltd. (INM-TSX.V) (“Northair”) is the owner of the other 50% of Sierra Rosario and the project operator.
The Company’s 50% interest in Sierra Rosario is free and clear, subject only to net smelter royalties due to Sparton, being 2% for gold; 1.5% for silver and 3.0% for base metals.
Work was carried out by Northair at the Sierra Rosario project between January 26 and March 22 of 2012. During that period, approximately 21 kilometres of cut grid line were established over the northern half of the property. Geological mapping, prospecting and soil sampling focused on the San Rafael Zone. Approximately 1025 soil samples were collected and results are pending. A Ground Magnetic and IP survey were carried out over the same grid. Results from the geological and geophysical work are expected within the next month and will form the basis of a May drill program.
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
For further information, please contact Al Fabbro.
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com
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