Gold Bearing Pay Dirt Assay Results
Las Vegas, NV -- November 17, 2016 -- InvestorsHub NewsWire --
Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"),
(PINK SHEETS:CJTF) a junior mining company in
Nevada, has prepared the following release regarding gold bearing
pay dirt assays conducted this year.
Production
Samples 5 10 & 15 Depth
Three 1 ton samples at
16 sites
Company concentrate assays have confirmed the following:
- Initial 40 bucket sample analysis produced 0.50 ounces of gold
out of the 40 buckets. (approximately 1 ton of near surface ore
material)
- 7 bucket samples near surface top 2 feet ore ran across a small
gravity table produced a concentrate that averaged 0.326 ounces of
gold per ton.
- 24 bucket samples near surface top 3 feet ran across a small
gravity table produced concentrate that averaged 0.356 ounces of
gold per ton.
- 48 large bulk samples (2,500 pounds each) from 16 sites at 5
foot 10 foot and 15 foot depths run across a large gravity table
and other equipment produced a concentrate with an average grade of
0.352 ounces of gold per ton.
With 119 samples confirming the gold content the company now has
permits and bonds and has commenced production efforts. In that
permitting process, one of the fact sheets from the State of Nevada
also confirmed this area contains gold bearing pay dirt.
"Geology, Hydrology, and Topography: Overlying
the Wyman is the Reed Dolomite, a gray coarsely crystalline
dolomite, which is overlain by an alluvial layer (gold-bearing pay
dirt) that ranges in thickness from 10 feet to greater than 100
feet."
This State fact sheet is referring to the fine free gold
material that exists above the bedrock. In other words, the company
is only mining the near surface gold-bearing pay dirt above bedrock
which in the area we have selected to start production at is only
10 to 15 feet deep.
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 www.GoldandSilverMining.com
