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Follow on Google News | Mission Mining NI 43-101 Report Confirming $20+ Billion Gold, Silver Measured Resources AvailableMission Mining announces that the Company has posted its recent National Instrument (‘NI’) 43-101 Mineral Resource Estimate Report on the Company’s website at -- www.MissionMining.com
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 Resources at Gold Star Mine to be approximately 316.8 million ounces of gold and approximately 2.227 billion ounces of silver. Mission Mining Company CEO, Carlton Wingett, stated, “The results of the NI 43-101 Report appear to validate the economic viability of recovering substantial quantities and concentrations of gold and silver ore at our Gold Star Mine. Based upon confirmation of approximately $24.7 Billion in total *Measured Mineral Resource value located near the surface, the Company will immediately pursue its business strategy to obtain the permits and funds necessary to place the Gold Star Mine into production as quickly as possible.” *Measured Mineral Resource “A “Measured Mineral Resource” is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.” - Per CIM Definitions Standards for the classification of Mineral Resource and Mineral Reserve estimates, adopted November 27, 2010 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,” End
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