American Sands Energy begins drilling at Utah oil sands site

American Sands Energy Corp.

American Sands Energy Corp. (OTCBB:AMSE) has begun its drilling program at its Sunnyside, Utah, oil sands site to define parameters for its mine. This onsite drilling is expected to be completed by early next week, with core analysis finished in early December. This is the final site-specific step required in order for the company to complete the preparation and filing of a state mining permit application for its Sunnyside project in Utah.

William Gibbs, chairman and CEO, stated, “We are using the first proceeds from our private placement to take these key steps toward a fully permitted 5,000-barrel-per-day plant utilizing an industry-first water-free extraction process. Once the application for the permit is filed, we will begin implementing the next phase of our corporate finance strategy, which may include a combination of new capital, project financing, and corporate strategic partnerships.”

The company has acquired rights to oil sand ore covering 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah.

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