ARNEVUT Resourses, Inc., seeks to connect our technical expertise and financial resources to under-explored precious metal assets in North America, while adhering to sound environmental practices. We welcome your review of our team's credentials as offered in our "About Us" section.
October 31, 2012: Exploration drilling for the 2012 season at the Island Mountain property in northern Elko County, Nevada was concluded on October 31, 2012. A total of 18 reverse circulation (RC) holes and 1 core hole were drilled during September and October, mostly in the central and western portions of the property. This equates to a total amount drilled of approximately 14,000 ft. Sample analyses are beginning to be received from the earliest drill holes. Final receipt of analyses is expected by mid-December.
October 19, 2012: The Private Placement of $1,800,000 from The Precious Minerals and Energy Company Sàrl (PME) was completed on October 19, 2012. This final tranche was part of a series of tranches agreed upon through an MOU signed on September 21, 2012 between ARNEVUT and PME. The majority of this funding was designated for use in advancing the exploration of the Island Mountain property.
September 6, 2012: Drilling has begun on ARNEVUT Resources Inc.’s Island Mountain property in northern Elko County, Nevada. The Island Mountain gold-silver property is located approximately 70 miles north of Elko in the northeastern end of the Jerritt Canyon gold trend. A total of 56 RC and core holes are planned in this campaign over the 2012-2013 drilling seasons. Approval for exploration drilling was received from the U.S. Forest Service in June 2012.
August 3, 2012: ARNEVUT Resources Inc. received a Private Placement funding of $550,000 from the Precious Minerals and Energy Company Sàrl (PME) of Luxembourg. The private placement was negotiated with PME as part of an intended long term relationship that still is under review and negotiation between the companies. A due diligence review of ARNEVUT by PME will be completed on or before September 7, 2012 as part of these negotiations.
This website includes certain “forward-looking statements.” All statements, other than statements of historical fact, included herein, including without limitation, exploration results and future plans of ARNEVUT Resources Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors could cause actual results to differ materially from ARNEVUT's expectations and fact-finding documents.