NEW YORK, Aug. 30, 2010 (GLOBE NEWSWIRE) -- American Energy Fields, Inc. (OTCBB:AEFI) announced today that Standard & Poor's has commenced Factual Stock Report coverage on the company.
American Energy Fields, Inc. is a resource company engaged in the acquisition and exploration of properties that may contain uranium mineralization in California and Arizona. Its target properties are those that have been the subject of historical exploration. American Energy Fields has acquired state leases and Federal unpatented mining claims in the state of California for the purpose of exploration and potential development of uranium minerals on a total of approximately 5,500 acres. The company plans to review opportunities to acquire additional mineral properties with current or historic uranium mineralization with meaningful exploration potential.
The Coso property is located in Inyo County, California near the town of Lone Pine on the western margin of the Coso Mountains, approximately 200 miles north of Los Angeles. The company acquired a 100% working interest and 97% net revenue interest in the Coso property in December 2009. The Coso property consists of 169 Federal unpatented lode mining claims on Bureau of Land Management (BLM) land totaling 3,380 acres, and 800 state leased acres, in Inyo County, California.
The Blythe project is located in the southern McCoy Mountains in Riverside County, California approximately 15 miles west of the community of Blythe. It consists of 66 lode mining claims (the NPG Claims) covering 1,320 acres of BLM land. The company acquired a 100% interest (minus a 3% net smelter return royalty) in the Blythe Property in December 2009.
On April 26, 2010, American Energy Fields acquired a 100% interest in 86 unpatented lode mining claims, located in Mohave county, Arizona.
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Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.
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.
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