Mission Mining NI 43-101 Report 0.29 oz Gold/ton, 2.04 oz Silver/ton Averages at Gold Star Mine, NV

Ni 43-101 Report estimates for the Gold Star Mine suggest an overall average of 0.29 ounces of gold per ton, and 2.04 ounces of silver per ton, yielding estimated total 17.2 million oz gold and 121.0 million oz silver in Measured Mineral Resources.
 
LAS VEGAS - Nov. 20, 2013 - PRLog -- Mission Mining Company - Mission Mining Company has posted its recent NI 43-101 Report on the Company’s Gold Star Mine in Nevada confirming total Measured Mineral Resources of 17.2 million ounces of gold and 121 million ounces of silver located in the top 30 feet of surface material across the six Gold Star claims, totaling approximately $24.7 Billion in value at current gold and silver prices, based on historical sampling from a previous trenching program to a depth of 30 feet and auguring to 10 feet.

Previous historical exploration estimates of the property have indicated an overall average of 0.29 ounces of gold per ton of alluvium on site, and 2.04 ounces of silver per ton of alluvium on-site. The NI 43-101 Mineral Resource Estimate Report by Zivkovic Geophysical Investigations, LLC, further estimates the total Measured and Inferred Mineral Resource values at Gold Star Mine to be approximately 316.8 million ounces of gold and approximately 2.227 billion ounces of silver.

The Gold Star Mine is a large, alluvial, desert placer mining property comprised of six U.S. Bureau of Land Management claims making up 960 acres of land area located in Esmeralda County, Nevada near the historical Gold Rush town of Gold Point. Two Nevada state highways, as well as public utility electrical power, intersect and span the Gold Star Mine property, which makes heavy equipment access to the property ideal and year-round mining operations extremely practical.

About Mission Mining Company

Mission Mining Company focuses on the acquisition and development of significant US gold, silver, platinum group metals, and rare earth minerals mining properties and placing these properties into production. The Company has acquired 100.0% ownership of the six Gold Star mining claims in Esmeralda County, Nevada, and has executed a 49-years renewable mining / operating lease for the seventeen El Dorado mining claims in San Bernardino County, California.  Historical geological reports on the two properties indicate substantial values in gold, silver, platinum group metals (PGM), and untested amounts of rare earth elements (REE).

Safe Harbor

This release may contain “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Those statements include statements regarding the intent, belief, or current expectations of Mission Mining Company and members of its management, as well as the assumptions on which such statements are based.  Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the before-mentioned transactions.  The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results. Cautionary note to US investors: The US SEC limits disclosure for US reporting purposes to mineral deposits that a company can economically and legally extract or produce. Certain terms, such as reserves, resources, geologic resources, proven, probable, measured, indicated, or inferred, which may not be consistent with the reserve definitions established by the SEC. US investors are urged to consider to review and obtain copies of our filings from the SEC’s website at--http://www.sec.gov/edgar.shtml.


Contact
Carlton Wingett - CEO
ceo@missionmining.com
1-888-459-4889
End
Source: » Follow
Email:***@missionmining.com Email Verified
Tags:$MISM, Mission Mining, NI 43-101
Industry:Investment, Mining
Location:Las Vegas - Nevada - United States
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Mission Mining Company News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share