All American Gold Corp. (AAGC) stock lost almost 85% in its value since it has been promoted from the beginning of the month of September by QualityStocks .
QualityStocks’ $179,999 promotion pushed AAGC shares down from mid $.90 to the low teens in less than four weeks of trading this OTC penny markets.
In the last three sessions AAGC markets demonstrated solid strength in trading. AAGC stock gained 130% from its 52W lows with the closing price of $.30/share on Friday. We may assume that failed promoter is gone and AAGC stock has a chance for an additional bounce.
Please note: market capitalization of AAGC is $28,852,500 versus $0 in revenues. Company has only two employees. All American Gold needs to pay instalments for its leasing agreements and as of now it has only one source of funding which is… stock market. Keep this in mind if you’ll decide to play AAGC.
All American Gold Corp.
700 North High School Road
Indianapolis, IN 46214
Tel: (317) 926-4653 ; (888) 755-9766
All American Gold Corp. is a publicly traded company focused on the acquisition and ongoing exploration of mineral property holdings in the United States. All American has various existing holdings in the gold-rich state of Nevada and intends to seek out new opportunities through its experienced and proven geological team.
The Goldfield West Property is an advanced exploration property with defined targets including a defined resource comprised of 105 unpatented mining claims covering a total of 850 hectares, or 2100 acres. The property is located approximately 3.5 hours Northwest of Las Vegas, Nevada by car, and approximately 3 miles west of the town of Goldfield. The Goldfield West property is easily accessible by well-graded dirt roads, and adjacent to International Minerals Goldfield properties, which contain a reported 1.2 million ounces of gold resources. The Goldfield district is famous for multi-ounce, bonanza gold ores and has recorded historic production in excess of 4 million ounces of gold at an average grade of > 17 g/t Au.
The Belleville Project is approximately 175 miles southeast of Reno, Nevada and approximately 250 miles northwest of Las Vegas, Nevada. The project is located near recent and historic producing mines including the Candelaria Silver Mine, which is ten miles to the east, and the Marietta Mine, six miles to the west. The Candelaria Silver Mine has produced more than $30 million in mineral resources, while the nearby Marietta Mine has attracted Great Western Mining Corporation PLC from Ireland. Both of these past producing mines lie within the Walker Lane structural and mineral belt, as does the Belleville Project, which is comprised of 10 unpatented mining claims spanning 74 acres.
The Iowa Canyon Property is located in Lander County, Nevada. Approximately 30 miles southeast of the Cortez Hills deposit. The Property is also located within 20 miles of the Cove-McCoy mine.
With several gold and silver bearing targets within a six square mile area, the Iowa Canyon property represents a nearly untested exploration opportunity. Recent exploration efforts have discovered multiple episodes of precious metals mineralization over a district-wide scale. Gold is hosted in a variety of rock types including silicified Tertiary volcanic and volcanoclastic sediments, quartz veins, quartz stockwork zones, carbon-rich Paleozoic sediments, and as jasperoid replacements of lower plate calcareous sediments.