New Gold Mining From 16 Sites At Goldfield Basin In Nevada

Donald by Donald Hood

Published Tue, Apr 12th 2016, 02:43 | Marketing


1888PressRelease - 16 different sites have been selected for selective excavation and processing. At each of the sites three excavations have been excavated and placed in large transport bags (containers) capable of holding approximately 1 ton of material.

(Las Vegas, Nevada) Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, announces the mining, excavation, hauling and processing into gold at 16 sites within its Goldfield Basin property.

16 different sites have been selected for selective excavation and processing. At each of the sites three excavations have been excavated and placed in large transport bags (containers) capable of holding approximately 1 ton of material.

Each of the 16 sites have been excavated to supply ore from the 5 foot deep level, the 10 foot level and the 15 foot deep level and the three containers from each site have been transported to the already permitted and operating Nevada mill. Each site has three containers which when processed gives us a good read on the future grade and tonnage expected at that site.

These forty-eight containers have been hauled to the mill and are being processed to determine the best locations and strategy for mining and processing the Goldfield Basin ore.

The 48 containers of material being processed and analyzed gives us necessary information on how to best mine and process the ore into gold from our Goldfield Basin Project. And in addition it gives us the information needed to rank or prioritize the 16 locations or sites. The 16 sites represent about half of the acreage in the initial 80 acres of mining claims selected for mining and processing into gold at this time.

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 http:www.goldandsilvermining.com

 

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