Gold and Silver Mining of Nevada Projects Reveille Claims at Over $3 Billion
20 November 2014 - 12:00AM
Business Wire
Gold and Silver Mining of Nevada, Inc. (OTC PINK: CJTF), a
junior mining company in Nevada, announces the following review of
Reveille Mining Claims aka Asset #26.
- 20 claims out of 54 have been measured
and estimated as to tonnage and grade.
- Our drilling and assays plus the review
of historical data and certifications by qualified individuals
estimate in-ground and stockpiled ore to be 64,900 ounces of
gold and 180,748,500 ounces of silver. The estimated
total of this Reveille Asset #26 claims including in-ground and
stockpiled ore is over $3.15 billion, owned on a 50/50 basis by CJT
Mining, Inc. (wholly owned subsidiary) and co-owner.
An analysis chart at http://www.otcmarkets.com/stock/CJTF/quote
summarizes the numbers used in estimating the value. The company
and 50/50 co-owner have 54 20-acre claims covering 1080 acres.
These claims are bordered by two substantial mining companies with
historic drilling and assay information which is equal to and/or
greater than the numbers shown in the chart.
The chart represents estimates of mineralization of the top 50
to 100 feet. The company has drilled to 600 feet depth and
confirmed mineralization throughout the 600 feet of drilling. The
mineralization to depth has also been confirmed by an aerial study
conducted in this area in 2011 which estimates mineralization goes
down 1,500 feet. 600 feet of confirmed mineralization depth
could increase the projected values by 6 times up to $18
billion.
For additional information and the chart see
http://www.otcmarkets.com/stock/CJTF/news or go to the company
website www.goldandsilvermining.com.
This news release may contain forward-looking statements.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or
quantified. Future events and actual results could differ
materially from those set forth in, contemplated by, or
underlying the forward-looking statements. The risks and
uncertainties to which forward-looking statements are subject
include, but are not limited to, the effect of
government regulation, competition and other material
risks.
.
Gold and Silver Mining of Nevada, Inc.Investor RelationsN. Fred
Anderson, 801-679-3945
Rainmaker Worldwide (PK) (USOTC:RAKR)
Historical Stock Chart
From Dec 2024 to Jan 2025
Rainmaker Worldwide (PK) (USOTC:RAKR)
Historical Stock Chart
From Jan 2024 to Jan 2025