Asset Acquisition of Mining Properties
January 7, 2013
AMCOR (OTC-BB: AUAG) announced that on December 28, 2012, it acquired certain mining assets from Northern Adventures, Inc. (“NAI”) in exchange for; 1) loans and related interest owed to NAI in the respective amounts of $382,500 and $30,564, and 2) 71,500,000 shares of APD $0.001 par value restricted common stock.
Central Banks Buy the Most Gold Since 1964
Jon C. Ogg - February 2013
Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on record. Global gold demand in the fourth quarter of 2012 was up 4% to 1,195.9 tonnes.
Central bank buying for 2012 rose by 17% over 2011 to some 534.6 tonnes. As far as central bank gold buying, this was the highest level since 1964. Central bank purchases stood at 145 tonnes in the fourth quarter. That is up 9% from the fourth quarter of 2011, and the eighth consecutive quarter in which central banks were net purchasers of gold.
Option and Joint Venture entered into with Archean Resources, Inc.
FEBRUARY 11, 2013
American Cordillera Mining Corporation (“AMCOR”) (OTC-BB: AUAG) today announced the signing of a formal Option and Joint Venture Agreement with Archean Star Resources, Inc. (“ASR”) a Canadian mineral exploration company pertaining to 20 unpatented claims leased by AMCOR. The claims cover the Monitor-Richmond-Copper Age mines which were historic producers between 1900 and 1920. As part of the transaction, AMCOR received 500,000 shares of ASR common stock and will receive an additional 500,000 shares of ASR common stock on the second and third anniversaries of the agreement, subject to ASR going forward with the agreement after year one. ASR will assume the obligations of the underlying lease agreement and pay AMCOR a total of $25,000.
AMCOR Announces a Corporate Name Change & Industry Shift to Mining Exploration
January 7, 2013
APD Antiquities, Inc. changed its name to American Cordillera Mining Corporation (“AMCOR”) and its new trading symbol has been changed to: OTC-BB: AUAG. AMCOR intends to focus exploration for gold, silver and base metal deposits and mineral targets in; 1) the Coeur d’Alene Mining District of northern Idaho; 2) in the Quartz Creek Mining District of western Montana; 3) in the Seven Devils Mining District of eastern Oregon; 4) in the Kootenai ARC district in Idaho; 5) the Judith-Moccasin Mining District in central Montana; and 6) the Torodo Creek, Bodie and Republic Mining Districts in northern Washington.