PHOENIX, Aug. 24, 2010 (GLOBE NEWSWIRE) -- American Energy Fields, Inc. (OTCBB:AEFI) (the "Company"), is pleased to announce it has appointed Clive Bailey as Senior Geologic Consultant. As a registered Certified Professional Geologist with over 35 years of experience in mineral exploration and operational mining management, Mr. Bailey brings to AEFI the qualifications needed to turn an exploration prospect with reserves into a producing mine.
Mr. Bailey has taken a leading role in numerous projects in the United States, China, and South America. Mr. Bailey's experience includes working for Energy Fuels Resources, a TSX.V listed uranium Exploration Company where he was responsible for evaluation, exploration, development, and project management. As Exploration Manager and Environmental Coordinator for Nord Resources Corporation from 2002 to 2005, he managed domestic exploration and headed up the work for an Aquifer Protection Permit for the Johnson Camp Mine in Cochise County, Arizona. From 1996 to 2000 Mr. Bailey served as Project Manager for General Minerals Corporation's Bolivia developments where he managed the Atocha and Azurita Projects, and co-discovered the Atocha (silver in sandstone) deposit. In China, he worked on the SAMCO J.V. Haung Shui Gou Project in the Sichuan Province. Additionally, Mr. Bailey served as Project Manager for Harvest Gold Corporation's Commonwealth Project where he was responsible for development drilling, permitting, and general mine planning. He directed an open-pit fifty man mine operation while serving as General Manager for Horizon Gold Corporation's Buffalo Valley Mine.
Most importantly, Mr. Bailey's work experience with General Electric, Cotter Corporation and Energy Fuels Nuclear will greatly compliment that of AEFI's current technical team. Mr. Bailey supervised in excess of 800,000 feet of uranium-vanadium exploration drilling for General Electric and Cotter Corporation. While with G.E. and Cotter he also worked on numerous mining programs, environmental permitting, and property evaluations which included the rhyolite tuffs in California where AEFI's Coso project is located. He served as Underground Mine Geologist for Energy Fuels Nuclear at the Hack Canyon uranium mine. The Hack Canyon Mine is a part of the uranium-bearing breccia pipes of the Arizona Strip where more than 20,000,000 pounds of U3O8 has been produced to date.
Mr. Bailey's work experience brings an important element to AEFI's development plans. He will be a key component of the evaluation and development process and will be an important contributor to all of AEFI's projects.
President Joshua Bleak said of the appointment, "We are excited to appoint Clive Bailey as Senior Geologist to the American Energy Fields team. We consider this a remarkable event. It is our goal to develop natural energy resources within U.S. borders and Mr. Bailey gives us the technical qualifications to do so. He has a hands-on understanding of drilling, mine development, mine production, and so many other important skills that are rare to find in one person. These skills are essential in building a successful mining company."
About American Energy Fields, Inc.
American Energy Fields (AEFI) is a resource company focused on exploring and developing the alternative energy resources of the United States. American Energy Fields' corporate strength lies in its management's experience in the finance and natural resource sectors. AEFI has one of the most prolific mining databases for energy related projects within the United States. With this database, AEFI will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.