Assay Results Confirm Gold at Goldfield Basin
Las Vegas, NV, May 17, 2016 (Newswire.com) - Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, has assay results that provide proof of gold at the Goldfield Basin project.
The first set of data prepared by mine operator was 7 samples at near surface depths which show an average of 0.326 ounces of gold per ton of ore. A 4 ounce per ton sample was thrown out for the purposes of this announcement as it was too rich for planning purposes.
The company is moving forward to finish the current 1,000 ton permit to mine and process ¼” minus material and convert into gold.
The results of the assays confirm that the gold content is consistent and similar to the results already referenced in previous press releases about historical assay data from the adjoining mining claims.
All of the assay work conducted in this recent time frame confirm that there is significant gold content in samples that have been screened to ¼” minus and then assayed.
The gold is a fine gold and we are still studying the best methods of extracting and producing the finished product.
Company President N. Fred Anderson states that he expects to see the progression over time for the mining operation to include all of the 240 acres discussed in this press release and located in this particular portion of the 840 acres currently owned.
Simple math can give a nice estimate of years of production at the 240 acres and even more years when the rest of the 840 acres is analyzed. We have found gold and confirmed it with extensive sampling and assay work and had it viewed by experts. (A Nevada Mill and assay lab, An Arizona Mill)
The data here has been gathered in the last several months and is supported by data we have from signed professionals who analyzed the ore in the adjoining claims.
About Gold & Silver Mining of Nevada, Inc.:
The company is in the business of precious metals mining and processing of massive gold and silver ore bodies in Nevada. The gold and silver located in the company owned mining claims in these districts are located adjacent to other known and established mining operators. The company is not looking for ore, but is in the process of developing previously identified ore bodies.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Investor Relations at 801-679-3945
Visit the company web site at www.GoldandSilverMining.com
Source: Gold and Silver Mining of Nevada, Inc.