SOURCE: American Resource Technologies, Inc.

May 03, 2007 11:44 ET

American Resource Technologies, Inc. Announces Additional Drilling

LEWISVILLE, TX -- (MARKET WIRE) -- May 3, 2007 --American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) was informed by the operator that drilling operations have begun on the Striker #9 and the Striker #10 located on the Ownbey Lease in Chautauqua County, Kansas. This is the third drilling project on the Ownbey lease. The Company has been encouraged by the previous five successful wells and is proceeding with further development of the property.

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Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes, "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.

Contact Information

  • CONTACT:
    American Resource Technologies, Inc.
    Lewisville
    Mike McIlvain
    972-219-8585