Las Vegas, Nevada, May 4, 2016 (Newswire.com) - Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada was featured on national radio broadcast Uptick Newswire.
Uptick Newswire interviewed company President N. Fred Anderson at 10:00 a.m. Mountain time on May 2, 2016. To hear the broadcast go to upticknewswire.com and look up Uptick Network - Interview with CEO Fred Anderson with Gold and Silver Mining of Nevada, Inc.
In preparation the following questions and answers were prepared.
1. How is a relatively small mining company like yours able to be going into production in such a relatively short time?
Answer - Well it doesn't seem like a short time to us. We started in 2007 as a private corporation studying various properties and seriously started acquiring properties in 2009. Our first properties also included substantial piles of stockpiled ore that are certified as to grade and content. So our mining claims are in previously identified and mined properties.
We merged with a public company in 2010 with the stock symbol CJTF and that is how we first became a publicly traded company. We have not sold stock to raise money but have relied on a few close associates to raise the money we have needed to build our inventory of mining properties.
We don't carry a lot of overhead but instead contract out the services and work we need from geologists, accountants, lawyers, engineers, etc. and now contract operators as needed.
Our newest property the Goldfield Basin is also adjoining claims with previously published assay analysis from 3 different labs that confirm that the ore is near the surface in the top 30 feet and averages 0.29 ounces per ton when the material is screened to 1/4" minus and the remaining concentrate is assayed.
We believe this newest property gives us the quickest and least risk path to positive cash flow and have commenced early stages of production.
We have entered into a contract with a contract operator who has all the personnel and equipment necessary to mine the ore and a currently permitted mill with 150,000 tons per year capacity ready to receive and process our ore. Our first permit for 1,000 tons has already been approved and bonded and we have started this first phase of production.
2. Why are all of your properties in Nevada?
Answer - Well we are a gold and silver mining company. Nevada was originally called the silver state but is now the largest gold producing state in the U.S. The old time prospectors were able to find some gold nuggets but mostly followed silver veins in their early mining. Today over 90% of the gold mined and processed is from fine gold that has to be separated by either chemical or mechanical concentrating methods. Our newest gold field Goldfield Basin has fine gold that is as fine as Talcum powder and therefore has to be recovered with modern concentrators and large volume gravity tables. Our contract operator has a currently permitted Nevada mill equipped with these modern capabilities.
3. Why should investors be interested in your stock?
Answer - We believe that an investment in the source producer of gold is a better investment than investing in ETF paper contracts. Our stock price will be reflected in the royalty returns we plan on passing on to our shareholders. We plan on distributing up to 90% of our net profits after taxes from gold production directly to our shareholders. And we do not plan on setting up big reserves for future expansion and exploration. We are confident that our Goldfield Basin project has enough rich ore to last for 20 to 30 years and that we do not need to be exploring for more gold elsewhere, therefore our shareholders will be getting royalty payments as well as seeing their stock appreciate with capital gains as the volume continues to grow. And then if gold prices go up it is an even better stock.
Therefore our shareholders as per our proposed plan will be in line for royalty distributions for the life of the mine unless we get bought out and then a one-time big check. We should see some appreciation and possible capital growth in stock value as volume of production occurs.
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.