Gold Mining USA Inc. Secures Option to Purchase $360,000,000 Gold & Silver Mine in Nevada
CURRUMBIN WATERS, Queensland Australia, April 22 2013 /PRNewswire/ — Gold Mining USA Inc. (OTC PINK: GMUI) (a Florida Corporation) announces that the company has secured an option to purchase the 160 Acre Gypsy Mine in Douglas County Nevada.
The Gypsy Mine is a very rare 160 acre gold and silver mining claim; access to the mineral property is great and can accommodate heavy equipment, whilst the property has excellent high grade gold ore values. The Gypsy Mine is located in the most mining friendly State in America, especially for commercial mining.
The Gypsy Mine has recently had an independent Geological Report and Valuation completed. The Total Mineral Resource Value in the report is estimated over $360 Million Dollars, calculations were based on 80% of $25 Spot Silver Price and calculations were based on 80% of a $1,400.00 Spot Gold Price. The report states this property will yield 15-16 grams per ton for years and that maybe 5% of the potential gold reserve has been extracted, and 95% remains undisturbed.
History of the Eagle District in Douglas County, Nevada, is rich in gold production in a proven mining area.
Total Current Shares Issued and Outstanding = 2,105,356
Total Public Float = 304,676 Shares
About Gold Mining USA Inc.:
Gold Mining USA, Inc. (a Florida Corporation) is an independent Gold Mining company. We are focused on the acquisition and development of mining properties which have the potential to produce Gold, Silver and other valuable base mineral resources.
Forward Looking Statement:
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.
Investor Relations – Brian Jenkins 778 708 0898
SOURCE Gold Mining USA Inc.