Feb 3 2014
Gold Mining USA Inc. - The Company had announced the acquisition of Bullfrog Mine in August 2013. With our goal of acquiring five mines by the end of 2013, the company has achieved more with Preacher Mine holding 10 mine claims. The Bullfrog Mine is a 40 acre patented mill site in Beatty County Nevada. Nestled in the Bullfrog Hills, the site is 120 miles northwest of Las Vegas and close to the famous Barrick Bullfrog open pit mine. Key co-ordinates are T12S R46E Sec.9 N1/2 SW1/4 NE1/4 M.D.M.
President Maurice Byrne states, "The Geo tech team that have been assigned to validate and substantiate all the critical factors in acquiring new properties have found all the current and historical data match our key acquisition requirements. The property rests in a strategic location with full access to water, power, sewer, paved road and amenities. More importantly, we have identified a preponderance of ore deposit reserves and unique rare earths."
VP Brian Jenkins says "ALS Global have identified various tests and analytical reports that have allowed our geologists to begin a comprehensive feasibility study and start preparing the NI 43-101 disclosure statement. We have also purchased brand new surveying equipment that is of the highest known technology to ascertain our mineral reserves at a much faster rate than we have ever had access to in the past."
Land Holdings: 3 federal lode claims, 5 major past producing mines, and several gold prospects. Barrack produced just less than 3 million ounces of gold until operations ceased in 1995 ... since the closure there have been a large number of gold exploration projects in the Bullfrog mining district.
At the peak of the construction phase, the mine employed 540 workers. To accommodate them, Beatty added mobile home parks and a temporary camp housing 300 people. As a consequence, the town's population rose from about 1,000 in 1980 to between 1,500 and 2,000 by the end of 1990.
Source: http://gmuiinc.com/