LAS VEGAS–(BUSINESS WIRE)–Mission Mining Company (OTC: MISM) – Mission Mining Company (MISM) today announced that the Company has received a National Instrument (‘NI’) 43-101 Mineral Resource Estimate Report by Zivkovic Geophysical Investigations, LLC, on the Company’s Gold Star Mine located in western Nevada. The report confirms total Measured mineral resources of 17.2 million ounces of gold and 148.3 million ounces of silver located in the top 30 feet of surface material across the six Gold Star claims.
“Confirmation of approximately $25.5 Billion in Measured gold and silver resources at our Gold Star Mine is a highly significant event for Mission Mining Company and its shareholders,” stated CEO Carlton Wingett. “The results of this NI 43-101 Report have validated substantial quantities and concentrations of recoverable gold and silver ore at our Gold Star Mine. Based upon these findings, the Company will immediately pursue its business strategy to obtain the permits and funds necessary to place this immensely valuable mining property into production as quickly as possible.”
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.
Mr. Wingett continued, “Mission Mining Company is now obtaining estimates to commission a comprehensive drilling and testing program at its El Dorado Mine in preparation for obtaining an NI 43-101 Report to establish accurate gold, silver, and platinum group metals resource estimates at the seventeen BLM claims that make up the El Dorado mining property in San Bernardino County, California. Initial sampling data indicates extraordinary values might be proven to exist near the surface at El Dorado.”
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).
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.