CORRECTION: GMUI Management travel to USA

July 17, 2013

Sacramento, CA

Gold Mining USA Inc. (Symbol - GMUI) Announce that beginning the week of July 15th Company President Alan Muller and VP Operations Brian Jenkins are en route to the visit the companies Preacher Mining Project. Alan has travelled all the way from Australia in what is to be a big step forward for the company's future. The purpose of the trip is to implement a work program for the Preacher property that has been in development over the past several weeks. Management whilst in the USA will also be meeting with several Market Makers and potential project funders.

A detailed ground magnetic survey was conducted on the property back in March 2012. A northwest trending graben may be present. Widespread precious-metal mineralization has been intersected in drill holes throughout the postulated graben, including mineralization in both the Preacher Mine.

The Preacher project is a low-sulfidation gold/silver system, largely untested below approximately 300-foot depth. The Company's initial shallow drilling program confirmed the existence of attractive gold grades at the Chugiak target and low-grade gold grades near the historic Preacher mine.

The company believes a second program of deeper drilling is justified at both areas previously tested and at several other areas identified by compiling geologic, geochemical, geophysical, and historic drill data.

Several forms of evidence indicate that the amount of erosion into this mineral system is minimal; therefore, there is good potential to encounter deeper, high-grade gold/silver mineralization at several targets. Presently known erratic high-grade gold and silver mineralization may be "leakage" from more extensively distributed mineralization at depth.

The magnetic survey reveals several linear lows that appear to be northwesterly and northerly trending faults, which appear to be associated with gold mineralization. The intersections of these faults are especially attractive targets, where bonanza grades may exist. Access is good and topography is favorable for inexpensively drill testing these targets. Should an economic discovery be made, improvements to necessary infrastructure (power, water, access, housing, etc.) should be reasonably inexpensive.

About Gold Mining USA Inc.:

Gold Mining USA, Inc. (A Florida Corporation) is an independent Debt Free Gold Mining company. We are focused on the acquisition and development of mining properties which have the potential to produce Gold, Silver and other base mineral resources.

www.goldminingusainc.com Investor Relations - Brian Jenkins - 778 708 0898

Forward Looking Statements: The forward-looking statements made by Gold Mining USA, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

Vita Mobile Systems (PK) (USOTC:VMSI)
Historical Stock Chart
From Mar 2024 to Apr 2024