Gold Mining USA Inc.'s NI 43-101 Report on the Preacher Mine
January 29 2014 - 9:30AM
Marketwired
Gold Mining USA Inc.'s NI 43-101 Report on the Preacher Mine
SACRAMENTO, CA--(Marketwired - Jan 29, 2014) - Gold Mining USA
Inc. (OTC Pink: GMUI) -- The Company is proud to announce that it
has completed a NI-43101 geological report on the Preacher mine
that they had purchased in July 2013. President and CEO Maurice
Byrne states, "I am excited to be working with a highly experienced
geological team that has performed beyond expectations. This report
has been completed in less than six months and well under
budget."
Mr. Byrne further says, "It is a strategic benefit that the
mining property is located on native sovereign land which has
limited to no permitting challenges." The geological team has
confirmed that mining production has not been active on the
Preacher mine since 1934.
While surveying the Preacher mine, VP of Operations, Brian
Jenkins and one of the geologists confirmed that the previous dug
mine shafts are still open and gold veins are openly exposed
throughout the property while all access roads are intact and easy
to drive on.
The geologists noted the gold and minerals were still in their
natural state, which would minimize production and processing
costs. Mr. Byrne says, "We believe The Preacher Mine is proving to
be one of our most valuable assets, for both our company and its
shareholders."
The Preacher mine is located in the Southeastern portion of
Churchill and the Northwestern portion of Nye Counties in Western
Nevada in an area of low to moderate topography known as the Broken
Hills. It lies approximately 15 miles northeast of the small mining
town of Gabbs. For more information on the Preacher Mine and other
properties GMUI owns, visit our official corporate website
www.gmuiinc.com. You can also email at info@gmuiinc.com or call
209-386-7753.
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. It is
always best before any investment to seek advice from a qualified
financial advisor.
Gold Mining USA Inc. info@gmuiinc.com 209-386-7753
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