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Gold Mining USA Provides Update on Gold Property in Queensland, Australia

07.01.2015  |  Accesswire
SACRAMENTO, January 7, 2015 - Gold Mining USA, Inc. (GMUI), an emerging mineral resources company, today provided an update on its option agreement with Riverstone Resources to purchase a 24 acre mining property in Queensland, Australia which reportedly contains significant amounts of gold and alluvial minerals.

As part of the Company's strict due diligence process, key personnel of Gold Mining USA, including executives, geologists and civil engineers, have taken field trips to evaluate the property and discuss plans to commence mining operations.

Based on these trips, management of Gold Mining USA confirms that the Riverstone Resources mining tenement contains approximately 300,000 ounces of gold plus an extraction license for alluvial/sand and gravel over an adjoining 16,500 acres. Additionally, the Company cites that this project is ready to begin the construction phase and quickly move into production early this year.

Gold Mining USA's Geo-Tech Leader and Civil Engineer, Gavin Brown BA Eng MIE, stated, "I have been involved with the Riverstone Resources Coonambula Gold project near Eidsvold in South Queensland for the past couple of years. During this time, extensive drilling and assay reports have been carried out, up to an average depth of 12 metres, which have given an estimated reserve of 300,000 ounces of gold. My findings are based on all reports that I have received through my site visits, including assays and drilling works that have been previously carried out by experienced and suitably qualified persons."

Additionally, the Company has provided details about the property on its corporate website, including information regarding permits, access, water, power, infrastructure, maps and other information. Gold Mining USA's CEO, Maurice Byrne, commented on the project and how its anticipated acquisition fits into the Company's broader expansion strategy in Australia.

Mr. Byrne states, "During my trip to the township of Eidsvold, I met with Gavin Brown and other highly experienced mining personnel that have been intricately involved in this project. Not only is this project ready to commence operations which is very positive, but management has also met with owners of adjoining tenements, which could result in further mining opportunities in the area."

"The Company's strategy is to facilitate the aggressive expansion of our mining operations in Queensland so that Gold Mining USA eventually has a property portfolio in Australia that matches our mining operations in Nevada. We are very confident the Company can achieve this moving forward as several parties in the Queensland region have already expressed interest in working closely with Gold Mining USA. We will be investigating these additional expansion opportunities over the next few months and provide updates to inform our shareholders of our progress," added Mr. Byrne.


About Gold Mining USA

Gold Mining USA, Inc. is an emerging mineral resources company focused on developing metallurgical and mining projects. The Company's business model is to acquire projects with the potential to provide significant resources through exploratory drilling and generate value through their development, joint venture or divestment. For more information, please visit www.gmuiinc.com.


Forward Looking Statements

This news release contains forward-looking statements made by Gold Mining USA, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the to future events. It is always best to seek advice from a licensed financial advisor before making any investment.




Contact:

Gold Mining USA Inc.
info@gmuiinc.com
209-386-7753
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