SPOKANE, Wash., May 9, 2013 /PRNewswire/ -- Goldrich Mining
Company (OTCBB: GRMC) ("Goldrich") is pleased to report
Goldrich NyacAU Placer, LLC ("GNP"), has successfully completed
mobilizing equipment and supplies needed for its placer drill
program and placer mining operation this summer at Chandalar,
Alaska. GNP is a 50/50
joint-venture company formed by Goldrich and NyacAU, LLC.
("NyacAU") and managed by NyacAU to mine Goldrich's various placer
properties at Chandalar. Equipment and supplies with an approximate
value of $4 million were delivered
over the 90-mile winter trail between Coldfoot, Alaska and Chandalar.
Total investment in equipment and assets mobilized to the site
for both exploration and mining activities, including equipment
previously purchased, now exceeds $8
million. Bill Schara, CEO of
Goldrich, notes, "We are very pleased with the progress being made.
Both the placer drill program and the beginning of mining
operations this summer have the potential to add significant value
for Goldrich."
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For additional information regarding Goldrich Mining Company or
this news release, contact Mr. William
Schara by e-mail at wschara@goldrichmining.com or by
telephone at (509) 768-4468. See
Goldrich's website at www.goldrichmining.com.
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Goldrich Mining Company is engaged in the business of the
discovery and mining of gold deposits. This endeavor carries
certain risks that are commensurate with the potential rewards of
such efforts. These risks cannot be quantified and should not
be taken lightly.
Forward-Looking Statements
This news release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward looking statements concern our anticipated
results and developments in the Company's operations in future
periods, planned exploration of its properties, plans related to
its business and other matters that may occur in the future. These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management.
Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would", "might", "should" or
"will" be taken, occur or be achieved) are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors which could cause
actual events or results to differ from those expressed or implied
by the forward-looking statements, including, without
limitation:
- risks related to our property being in the exploration
stage;
- risks related our mineral operations being subject to
government regulation;
- risks related to our ability to obtain additional capital to
develop our resources, if any;
- risks related to mineral exploration activities;
- risks related to the fluctuation of prices for precious and
base metals, such as gold, silver and copper;
- risks related to the competitive industry of mineral
exploration;
- risks related to our title and rights in our mineral
property;
- risks related the possible dilution of our common stock from
additional financing activities; and
- risks related to our shares of common stock.
This list is not exhaustive of the factors that may affect
our forward-looking statements. Some of the important risks
and uncertainties that could affect forward-looking statements are
discussed in the Company's latest Annual Report on Form 10-K
and Quarterly Report on Form 10-Q and other documents filed
with the U.S. Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, believed, estimated or expected.
We caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
We disclaim any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events, except as required by
law.
SOURCE Goldrich Mining Company
