First Phases Of Gold Production Started
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1888 Press Release - The field inspection visit to observe the production startup at Goldfield Basin was 100% successful wherein the owners observed the excavation of the initial ore being sent to the mill for processing.
Las Vegas, Nevada - Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, announces the start of gold production at its Goldfield Basin Project in Nevada.
The field inspection visit to observe the production startup at Goldfield Basin was 100% successful wherein the owners observed the excavation of the initial ore being sent to the mill for processing.
In addition the owners observed the ore being transported to an already permitted Nevada mill and the ore being processed across a large gravity table and high capacity, high tech centrifugal concentrator. The mill has a great deal of flexibility in finding ways to maximize the recovery of gold and is doing an excellent job of processing the ore successfully.
The 80 acre starting production segment is currently gathering large processing segments from depths of 5 feet, 10 feet and 15 to 20 feet. Bedrock was encountered at some locations at 15 feet in the initial processing ore that was excavated,
Again gold was observed near the surface while observing the excavation of ore.
These early processing plant shipments of ore for the startup of the mill allows the mill to execute a series of mini runs to fine tune the settings at the mill to get maximum recovery of gold from the ore at each trench site being processed.
As has been announced in recent press releases, Gold and Silver Mining of Nevada through their wholly owned subsidiary CJT Mining, Inc. is taking a lead role in the opening of this major new gold field in Nevada. Go to otc markets stock symbol CJTF and review other news releases that also contain pictures.
The company owned Goldfield Basin District is estimated to contain over 36 million tons over the 840 acres of mineable ore concentrate containing an estimated 0.25 ounces of gold per ton. The company will look for ways to expand on site once the initial production of the already permitted mill capacity of 150,000 tons per year is reached. At the 150,000 tons per year level, the gross revenue at today's price of $1200 an ounce for gold is estimated at $45 million and the company's portion of the net is estimated at $5 to $10 million per year. Additional information will be shared as it becomes available.
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 goldandsilvermining.com
Rate this! 1-5 starsThe field inspection visit to observe the production startup at Goldfield Basin was 100% successful wherein the owners observed the excavation of the initial ore being sent to the mill for processing.
In addition the owners observed the ore being transported to an already permitted Nevada mill and the ore being processed across a large gravity table and high capacity, high tech centrifugal concentrator. The mill has a great deal of flexibility in finding ways to maximize the recovery of gold and is doing an excellent job of processing the ore successfully.
The 80 acre starting production segment is currently gathering large processing segments from depths of 5 feet, 10 feet and 15 to 20 feet. Bedrock was encountered at some locations at 15 feet in the initial processing ore that was excavated,
Again gold was observed near the surface while observing the excavation of ore.
These early processing plant shipments of ore for the startup of the mill allows the mill to execute a series of mini runs to fine tune the settings at the mill to get maximum recovery of gold from the ore at each trench site being processed.
As has been announced in recent press releases, Gold and Silver Mining of Nevada through their wholly owned subsidiary CJT Mining, Inc. is taking a lead role in the opening of this major new gold field in Nevada. Go to otc markets stock symbol CJTF and review other news releases that also contain pictures.
The company owned Goldfield Basin District is estimated to contain over 36 million tons over the 840 acres of mineable ore concentrate containing an estimated 0.25 ounces of gold per ton. The company will look for ways to expand on site once the initial production of the already permitted mill capacity of 150,000 tons per year is reached. At the 150,000 tons per year level, the gross revenue at today's price of $1200 an ounce for gold is estimated at $45 million and the company's portion of the net is estimated at $5 to $10 million per year. Additional information will be shared as it becomes available.
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 goldandsilvermining.com
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