First American Silver Corp. (OTCBB: FASV)
About First American Silver Corp. is solidly moving forward in the “Silver State”, i.e. Nevada with their three excellent mines. The northeastern corner and north central area of Nevada have well established high producing mines.
First American Silver Corp.
- Excellent Properties
- Experienced Management
- Business Focus and Mining Focus
First American Silver Corp. has identified Nevada as its core business focus and has chosen North-Eastern and North-Central Nevada for its initial core asset base due to the existing and significant exploration and development growth potential in the surrounding areas. The total value of all mineral production (excluding oil and geothermal production) in 2009 was $5.8 billion.
Silver, which typically trades in a ratio tandem range to gold, is trading at a high in the $40.00 range. Gold trades in tandem with oil which we all know is returning to highs. The future here is bright.
This map, taken from the State of Nevada Mines, and published by the State of Nevada, indicates a strong and established history of mining in the FASV mine sites.
This management team knows the mining side of the business and the business side of the business.
Standard & Poor’s Market Access Program
You will find this Company in Standard & Poor’s Market Access Program.
- S&P’s MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.marketscope.com.
- First American’s information will be available via S&P’s Stock Guide database, which is distributed electronically to virtually all major quote vendors.
- First American will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
Three Nevada Properties
FASV has entered into an option agreement to acquire 100% interest in three mineral properties in Nevada from All American Resources LLC.
- Mountain City in Elko County, Nevada
- Egan Canyon in White Pine County, Nevada
- Muncy Creek in White Pine County, Nevada.
Company Management and Directors
Thomas J. Menning – Director and C.E.O. and C.F.O.
Mr. Menning, age 60, has a very strong business and financial background and has been involved in the mining industry since 1994. He graduated from California State University in Fullerton, California in 1978 with a Business Administration Degree. Since graduating from college he has been a very successful entrepreneur.
Mr. Menning first became a serious investor in the mining sector in 1994 when he purchased his first common shares of Consolidated Ramrod Gold. Consolidated Ramrod Gold was a multi-dimensional Junior Mining and Exploration Company based in Vancouver, B.C. Mr. Menning through his consulting efforts with Consolidated Ramrod Gold climbed the corporate ladder very quickly, becoming Chief Operating Officer and subsequently Chairman and Chief Executive Officer.
Robert Suda – Director and V.P. of Exploration
Robert Suda, age 59, has 34 years of exploration experience including 15 years with Cominco American in U.S. Exploration as a senior geologist. He built and led the initial exploration organization at the Pend Oreille mine in Washington, which led to an expansion of the reserves and ultimately to the discovery of the Washington Rock ore body. He was also directly associated with the discovery of a gold deposit in Nevada that was sold by Teck Cominco, and eventually mined by a junior company. Robert has a Master’s degree in Geology from Northern Illinois University and since 1975 has worked on many projects for numerous junior mining companies in the United States, Canada, and internationally. He was the former Vice-President of Exploration for Portage Minerals and is now Vice-President of Exploration for FDG Mining Inc.
First American Silver Corp.
1135 Terminal Way
Reno, NV , 89502
For further information please visit the company’s website at www.firstamericansilver.com.
Forward-Looking Statements: Included in this release are certain “forward-looking” statements involving risks and uncertainties which are intended to conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s financial performance. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered may be contained in the Company’s Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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