American Consolidated Minerals Corporation

American Consolidated Minerals Corporation

April 16, 2009 10:00 ET

American Consolidated Minerals Corporation: Initial Gold Resource Estimation (174,291 Ounces Gold) for Toiyabe Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2009) - American Consolidated Minerals Corporation (the "Company") (TSX VENTURE:AJC) contracted Paul D. Noland (B.Sc.) to prepare an updated 43-101 compliant technical report on its Toiyabe Project, located 12 miles south of the Pipeline Mine in northeastern Nevada. This soon to be released report contains an "Indicated Mineral Resource" for Toiyabe of 4.97 M tons grading 0.035 ounces gold per ton (oz/ton) for a contained resource of 174,291 ounces of gold. Most of the resource is shallow and remains open ended along strike and down dip.

Toiyabe Resource Summary

Cut-off Grade Gold Grade
(oz/ton Au) Short Tons (oz/ton) Contained Gold
0.01 4,975,000 0.035 174,291

The resource is mainly confined to a set of sub-parallel structures cutting both upper and lower plate rocks and having a drilled strike length of 2000 feet. These structures had been targets of past exploration and benefited greatly from recent infill drilling completed by the Company. The recent drilling efforts provided continuity of mineralization along strike and down dip. During the recent drilling campaigns, additional mineralized structures were identified when Noland relogged numerous drill holes and reinterpreted the stratigraphy. The reinterpretation of stratigraphy suggests deeper angle drilling should test the intersection of major graben structures where they intersect the Roberts Mountain Formation and other carbonate-rich host rocks of the area. These mineralized structures are recommended for future testing in the NI 43-101 report.

The resource area comprises a small portion of the entire Toiyabe property. The project area contains five additional targets defined by geology, geochemical and geophysical surveys, and drilling.

The Toiyabe resource was calculated from 159 relatively shallow drill holes using a cross section-polygonal method. A cut-off of 0.01 opt Au was used for the calculations. The polygons were restricted by geology to structural zones. Calculations were conducted by Paul D. Noland (BS), who also authored the updated Technical Report.

This resource estimate is NI 43-101 compliant and adheres to CIM Definition Standards for Mineral Resources. Silver was not included in this resource because of its minimal impact to the economics of the project.

Richard Kern (P.Geo), a director of American Consolidated Minerals, is the Company's qualified person on the project. Richard Kern and Paul Noland have prepared the technical information contained in this press release.

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


Robert Eadie, President & Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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