Heavy%20Metal%20is%20Not%20Just%20a%20Singing%20StyleThey%20say%20All%20that%20glitters%20is%20not%20sequins,%20and%20of%20all%20the%20glitz%20and%20glitter%20one%20element%20stands%20out--gold%20with%20Gold%20American%20Mining%20Corp.%20(SILA.OB)The%20precious%20metals%20exploration%20company%20focused%20on%20the%20aggressive%20ongoing%20acquisition%20and%20exploration%20of%20holdings%20with%20rich%20gold%20and%20silver...){kind=link}
Gold American Mining Corp. Sila.ob - Company Highlights! From Pennytobuck.com
Gold American Mining Corp
Gold American Mining Corp. (OTC.BB:SILA)Heavy Metal is Not Just a Singing Style
They say All that glitters is not sequins, and of all the glitz and glitter one element stands out--gold with Gold American Mining Corp. (SILA.OB)
The precious metals exploration company focused on the aggressive ongoing acquisition and exploration of holdings with rich gold and silver production potential has announced that the geophysics program at the company's Guadalupe property in Mexico was completed on July 20. Gold American President Johannes Petersen said the results to date were what the company expected to find, which was that all the vein systems have the potential to continue to much greater depths. He noted that the company is confident that it will be able to start drilling operations very soon.
The Guadalupe Property
The Guadalupe property contains two historically significant mines and is located in one of Mexicos oldest mining districts, roughly 5 miles north of the Fresnillo (Proao) Mine, the worlds richest underground silver mine, operated by Fresnillo plc.
Roughly 6.8 miles to the southwest of Gold Americans Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the worlds highest grade undeveloped silver resources.
The Property contains greater than 20 known workings as well as two historic mines Santa Rita and San Antonio.
Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s.
The La Escondida Property
Gold American has completed the initial evaluation of all historical data on the La Escondida property and has decided to move forwards with its first phase of exploration. This phase will consist of detailed sampling within the mineralized zones, mapping, and a structural evaluation of the area. Subject to the results of this phase, the Company will decide to proceed with the second phase, which would consist of a comprehensive geophysics program of the property.
La Escondida property is comprised of two mineral concessions that cover 439.8 acres. It is located approximately 124 miles northeast of the city of Hermosillo in Sonora State, Mexico. The property is located in a region that has seen significant recent activity by foreign mining companies. It is located 19 miles southwest of NYSE-listed Yamana Gold Inc.s Mercedes project, a development stage gold-silver project which is expected to start production at a rate of approximately 120,000 gold equivalent ounces per year from 2012. The La Escondida project is also located 18 miles south of Cerro Prieto project of Oroco Resources Corp., which recently reported 383,833 ozs gold and over 6 million ounces of silver reserves.
The La Escondida property is host to two distinct mineralized targets associated with a fault: a bulk tonnage-style gold-silver-lead disseminated area and a high-grade epithermal vein-hosted silver and gold area.
One vein is exposed over an area at least 800m long and is reported to be 3-5 meters wide. The second vein is exposed over an area at least 500m long and is reported to be 1-2 meters wide.
The disseminated zone is found between these two veins, approximately 100 meters wide. These zones are open both along strike and at depth.
ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
www.gold-american.com
___
******************************************************************
For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup
******************************************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received eight thousand dollars in cash from a third party (Winning Media) for (1) day of advertising for Gold American Mining Corp (SILA.OB)
by: Bill Pennyman Varied Birthday Traditions For Different Countries London to Brussels Travel Options- Air or Train A Blooming Christmas Plan a Trip to Kerala – India Tips for Travelling and Hiking Tips For Your Next Europe Travel Rocking Out: How To Get From Festival To The Better Means To Create Halloween Outfit Make-up The Thrill, Ecstasy and Magic of South India Holiday Tours Travel to Canada Prepare to be mesmerized at the International Jewellery London Expo! People Should Be Treated Well While Traveling All Inclusive Holiday Package – Facts and Myths