Press Release
American Alliance Financial & Funding Group purchases its second Silica Mine and Mineral
Rights in Canada.
Las Vegas, NV – December 20, 2007 – American Alliance Financial & Funding Group
(AAFFG) announced today it has purchased an additional Mining site, known as Crow, but more
formally known as Longworth, . a British Columbia property, and has secured further Silica and
Gold mineral rights under placer claims for the Longworth Prospect in British Columbia,
Canada.
The property itself consists of 166 claims with an ore body which is huge and continuous. The
land area covered by the 166 claims is approximately 11,500 acres, and contains at some
estimated 18,592,000,000 tons of quartz silica rock of 97.7% to 99.3% purity. A market value
based on conservative estimate of decorative rock only at $100 equals $1.8 trillion. However, the
valuation will increase significantly depending on the refinement of the silica from $7,500 per
metric ton for powder to $7,500 per ounce for refined gel. “Due to the sheer size of the project
and investment and market experience required, AAFFG was the clear choice to partner with
Card JM Resources” said James W. Lewis, Chairman and CEO of Card.
In addition, the Assays and testing show an abundance of gold deposits from 600-800 feet in
depth below the silica with inferred seven (7) million ounces with an estimated market value of
$3.5 billion at $550 per ounce. This valuation includes only a fraction of the leases and will grow
significantly once all Assays are completed for all leases. “The dynamics of processed silica with
its over 700 commercial uses positions AAFFG in the forefront of technology and manufacturing
industries for decades to come” stated Steve Cross, the President and CEO of AAFFG.
To date the partnership has invested $10 million into the project to support Assays, feasibility
studies, and on-site infrastructure. AAFFG and Card plan to invest directly and through private
placement offerings to fund the project to its full capacity. Other downstream initiatives such as
transportation and refinery projects are also planned.
About AAFFG
American Alliance Financial & Funding Group, "AAFFG LLC" (also "AAFFG") has been throughout
its history, a conduit in the banking and commercial real estate sectors. It has refocused itself to
become an important entity within the energy, governmental "Green" projects, and technology
sectors. With its unique approach, dynamic relationships, and core expertise, AAFFG is
dedicated to becoming a primary entity within the commodities and energy arena.
AAFFG has acted as a conduit to direct Funders, Investors, and Major Worldwide Banks on several
fronts. The company has acted and provided services over a wide spectrum, including financial
consulting, corporate & project management, banking relationships, city planning (to include power
plants), research and development; as well as both single party and joint ventured investments.