GolfGear International Inc.

October 10, 2011 08:30 ET

GolfGear International, Inc. Begins Initial Funding for Phase One Development of Silver Cord Mine

LAS VEGAS, NEVADA--(Marketwire - Oct. 10, 2011) - GolfGear International, Inc. (PINK SHEETS:GEAR) announces that it has begun providing initial funding for placing the Silver Cord Mine into production as stipulated under terms of a joint venture agreement with the mine owner, Mission Holdings, LLC.

Dale Geck, President of GolfGear International, stated, "The Silver Cord joint venture presents the Company and its shareholders with an unusual opportunity. The Silver Cord Mine is unlike many other mining properties that are made up of raw, undeveloped lands typically requiring extensive geological exploration, permitting, excavation, and significant time to reach production. In contrast, the Silver Cord Mine is a developed silver and gold mine with over 900 feet of existing tunnels following a prominent silver vein. It has a documented history as a producing mine and has an existing infrastructure already in place. This is not a start-from-scratch mining project, but a well-planned expansion of an established mine that has demonstrated successful ore production in its past. Management chose to pursue the Silver Cord mining opportunity due to its obvious potential for rapidly generating revenues from silver and gold production."

Western Sierra Mining Corp. (PINK SHEETS:WSRA) will manage production of the Silver Cord Mine under the joint venture agreement. According to Michael Chaffee, CEO of Western Sierra, "These initial funds will go directly toward Phase One of our Development Outline, which will include general exploration, sampling, and mapping of the mine. Some ore material will likely be removed and processed as part of the geological evaluation."

About GolfGear International, Inc.:

GolfGear International, Inc. was originally incorporated in 1996 as a golf equipment company. The Company has recently altered its business strategy to include gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining. The Company has recently announced the execution of a joint venture agreement with Mission Holdings, LLC for placing into production the Silver Cord Mine in Arizona. GolfGear plans to process gold and silver extracted from the Silver Cord utilizing an efficient environmental extraction and refining technology under a licensing agreement with EnviroXtract, Inc. (PINK SHEETS:EVXA). GolfGear anticipates further announcements regarding additional gold and silver mining and processing opportunities to be forthcoming.

Safe Harbor

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GolfGear International, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • GolfGear International, Inc.
    Dale Geck
    President - CEO