One Ton Bulk Sample - Processed into Gold by Toll Processor Apache Mining Services, LLC Announced by Gold & Silver Mining of ...
01 May 2014 - 2:29AM
Business Wire
Gold and Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF)
announces that its subsidiary CJT Mining, Inc. has engaged the
services of Apache Mining Services LLC to test ores from several of
the Company’s mineral properties. Apache Mining Services LLC
specializes in custom milling and testing of free milling gold
ores. Apache Mining Services LLC also operates a year round open
pit mine in Arizona. The testing does not meet NI43-101 standards
nor was it intended to as testing was done solely to ascertain the
potential to start processing company ores at Apache Mining’s mill
located in Arizona in order to commence cash flow.
The Company has sent its first bulk sample to Apache Mining from
the Gold Reef property located at Lucerne Valley, California. The
bulk sample consisted of a one ton sample that was run through
Apache’s gravity mill to test the free milling aspect of the gold
and to see what mill adaption changes are needed for future ore
processing. Apache Mining recovered 10.5 grams of gold dory from
the one ton sample. The gold recovery is believed to be a fraction
of the true content of the ore as the concentrate tailings and mine
tails still had significant gold left in the tailings. Apache
Mining has initiated a full work up on the ore in order to initiate
changes in its mill to recover the very fine gold content of the
ores that make up the majority of the gold content. Apache believes
it can capture approximately 75-90% of the gold in the ore once
mill adaption is completed. Assays are pending of the head ore and
mine tails as part of the ore work up.
The Company is pleased to have Apache Mining Services LLC to be
working with us to prove up our mineral properties with the
potential to quickly get a cash flow on stream. Apache Mining
Services LLC is a proven and active mining company that we believe
can greatly assist us in our growth moving forward.
About the Company - The company is now fully vested with many
years of production ready assets in several states. The first
properties are projected to generate cash flow in 2014 with all of
the properties expecting significant cash flow by 2016.
Visit our web site at www.goldandsilvermining.com and OTC
Markets (CJTF) news and note the other news releases about
production for 2014 as well
(http://www.otcmarkets.com/stock/CJTF/quote).
Certain of the statements made and information contained herein
is “forward-looking information” within the meaning of the Private
Securities Litigation Reform Act of 1995. This includes statements
concerning the Company’s plans at its mineral properties, which
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company by such forward-looking information.
Gold and Silver Mining of Nevada, Inc.Fred Anderson,
801-679-3945
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