SOURCE: Gold Mining USA Inc.
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 email@example.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.