The United States ranks No. 6 in global gold production, leveraged by the high-production rate of the nation’s leading gold producing state, Nevada. To gold exploration and mining companies, Nevada is a land of golden opportunity, literally, where an estimated $235 billion worth of gold has been produced at a rate of at least 5 million ounces of gold each year for the past 20 years. In fact, more than 75 percent of the nation’s gold comes from Nevada.
In a 2010 published report by the Nevada Mining Association, economist John Dobra referenced Nevada’s historical production levels, and opined that gold exploration efforts in Nevada pay off, a statement supported by the fact that more than 100 new gold projects will have sprung up this year alone.
Nevada is also home to the Carlin Trend, one of the world’s most well-known mining districts. The Trend produces more than 70 million ounces of gold valued at approximately $91 billion (2010 price levels) across its 2,000-square miles.
Estimates suggest the Trend may contain upward of $230 billion of unmined gold reserves, drawing exploration efforts from numerous companies, including Allied Nevada, Newmont Mining and Barrick Gold.
This gold-dense land is also an ideal location for All American Gold Corp., which has established itself with multiple existing holdings in the nation’s top gold-producing state.
The company has three projects in Nevada: Iowa Canyon, Belleville and Goldfield West. The projects are located in a region that All American Gold believes has the potential to yield significant discoveries.
For more information, visit www.allamericangoldcorp.com
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