GMUI Acquires Bullfrog Mine in Beatty County Nevada
January 31 2014 - 10:16AM
Marketwired
GMUI Acquires Bullfrog Mine in Beatty County Nevada
SACRAMENTO, CA--(Marketwired - Jan 31, 2014) - Gold Mining
USA Inc. (OTC Pink: GMUI) - The Company had announced the
acquisition of Bullfrog Mine in August 2013. With our goal of
acquiring five mines by the end of 2013, the company has achieved
more with Preacher Mine holding 10 mine claims. The Bullfrog Mine
is a 40 acre patented mill site in Beatty County
Nevada. Nestled in the Bullfrog Hills, the site is 120 miles
northwest of Las Vegas and close to the famous Barrick Bullfrog
open pit mine. Key co-ordinates are T12S R46E Sec.9 N1/2 SW1/4
NE1/4 M.D.M.
President Maurice Byrne states, "The Geo tech team that have
been assigned to validate and substantiate all the critical factors
in acquiring new properties have found all the current and
historical data match our key acquisition requirements. The
property rests in a strategic location with full access to water,
power, sewer, paved road and amenities. More importantly, we
have identified a preponderance of ore deposit reserves and unique
rare earths."
VP Brian Jenkins says "ALS Global have identified various
tests and analytical reports that have allowed our geologists to
begin a comprehensive feasibility study and start preparing the NI
43-101 disclosure statement. We have also purchased brand new
surveying equipment that is of the highest known technology to
ascertain our mineral reserves at a much faster rate than we have
ever had access to in the past."
Land Holdings: 3 federal lode claims, 5 major past producing
mines, and several gold prospects. Barrack produced just less than
3 million ounces of gold until operations ceased in 1995 ... since
the closure there have been a large number of gold exploration
projects in the Bullfrog mining district.
At the peak of the construction phase, the mine employed 540
workers. To accommodate them, Beatty added mobile home parks and a
temporary camp housing 300 people. As a consequence, the town's
population rose from about 1,000 in 1980 to between 1,500 and 2,000
by the end of 1990.
Forward Looking Statements
This news release contains 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.
For more information on this and other company developments:
www.gmuiinc.com info@gmuiinc.com 209-386-7753
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