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Last $0.15 USD
Change Today +0.0399 / 36.27%
Volume 7.2K
GMUI On Other Exchanges
As of 8:10 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

gold mining usa inc (GMUI) Snapshot

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07/11/14 - $1.05
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gold mining usa inc (GMUI) Details

Gold Mining USA, Inc., an exploration stage company, focuses on the exploration and development of metallurgical and mining projects in the United States. The company holds interests in the Preacher mine, an exploration stage gold/silver mineral project located in Churchill and Nye Counties, Nevada; the Bullfrog mine, located at the northern end of the Amargosa Desert in Nye County, Nevada; and a placer mining claim in Esmeralda County, Nevada. It also holds interests in the Gypsy Mine, which consists of 160 acres in Douglas County, Nevada. The company was formerly known as Standard Oil Company USA, Inc. and changed its name to Gold Mining USA, Inc. in March 2012. Gold Mining USA, Inc. was founded in 1995 and is headquartered in Sacramento, California.

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gold mining usa inc (GMUI) Key Developments

Gold Mining USA, Inc. Signs Heads of Agreement with Riverstone Resources to Acquire Valuable Mining Tenement in Queensland Australia

Gold Mining USA, Inc. announced that the company has achieved a valuable acquisition of a 24 acre mining tenement that is located near Eidsvold in Queensland, Australia. The property that the claim is on is rich in alluvial minerals. Riverstone Resources mining tenement contains approximately 300,000 ounces of gold (ML 80077), according to the company plus an extraction license (DERM Permit number: IPCE015389) for alluvial gold/sand and gravel over an adjoining 16,500 acres. The sand and gravel operation alone is forecasted to have a production life in excess of 80 years with hundreds of millions of tons of continuous alluvial surface area available.

Gold Mining USA, Inc. Acquires Palmyra Gold Property in Lyon County, Nevada

Gold Mining USA, Inc. announced that the company has acquired the Palmyra property, a 160-acre gold and silver laden resource located in Lyon County, Nevada, near the world famous 'Comstock Lode' mine and Gold Canyon. Gold and silver-bearing quartz veins as well as free gold, silver and traces of copper at shallow depths have been unearthed at the Palmyra property, which is estimated to contain over 135,000 ounces of gold (inferred mineral resource) at 80% fine grade quality. The property, which Gold Mining USA acquired through a share sale agreement, has already produced over 35,000 ounces of gold in the past and is located in the Indian Springs District at the crest of the Pine Nut Mountains in Nevada. Indian Springs is located 11 miles southeast of Dayton, Nevada which is in very close proximity to the Comstock Lode mine and Gold Canyon where massive amounts of gold and silver have previously been discovered and the area shares similar geology. The Comstock Lode is considered one of the most important mining discoveries in American history in both output and significance, representing the first major silver discovery in United States history that also produced tremendous amounts of gold.

Gold Mining USA, Inc. Provides an Update on Exploration Progress

Gold Mining USA Inc. provided an update on exploration progress and planning for 2014 and its projects. GMUI has mapped out a short and long term strategy to make sure the Preacher and all their mining exploration projects will be ready for early stage production. The Preacher Mine has 4 key developments that are focusing on at this time which will allow geologists and drilling teams to re-visit the site. GMUI plans to increase its data reports on this property to prove up its reserve potential. The Preacher is located on sovereign land, which qualifies it for a faster processing time on permits and filings.


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