Gold Mining USA Inc. Acquires Preacher Mine
February 03 2014 - 9:35AM
Marketwired
Gold Mining USA Inc. Acquires Preacher Mine
SACRAMENTO, CA--(Marketwired - Feb 3, 2014) - Gold Mining USA
Inc. (OTC Pink: GMUI) announced its first NI 43-101 last week. With
an estimate of 140,000 ounces plus of gold on the property, the
Company is assembling a team to coordinate an evaluation study
supporting what it believes to be a substantial asset.
Given that the deposits appear to be open in many directions,
the Company is confident that the potential for the estimate to
increase is high. The property has favorable access roads already
in place. This should allow us to advance this to an even higher
economic evaluation almost immediately as we expand the resource
estimate.
President Mr. Byrne states "We have deployed a full quality
control and quality assurance team to strengthen our recent NI
43-101 report."
The Geologists have reported, "The mineral deposit can be mined
using gravity recovery methods without significantly impacting the
surrounding environment. These methods include the implementation
of an onsite mill and setting up of gravity recovery units. The
next stage of this project would be to file for a water pollution
control permit through NDEP (3-6 month turn around).
Mr. Byrne concludes "This is a solid acquisition for our
shareholders and our strategic partners. We unequivocally
stated that our primary goal was to acquire projects with large
mineral reserves that are in areas with accessible mining
infrastructure in place. This allows GMUI various options to
package, build equity, structure joint ventures, divest and create
substantial cash flow."
For more information on this and other company developments
please visit our website www.gmuiinc.com email info@gmuiinc.com or
call 209-386-7753.
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.
CONTACT: Gold Mining USA Inc. www.gmuiinc.com info@gmuiinc.com
209-386-7753
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