Gold American Mining Corp. (OTC.BB:SILA) is a 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.
Keeno Strike Property
Gold American’s Keeno Strike Property, located 30 miles southwest of Las Vegas, has produced significant quantities of both gold and silver and also contains deposits of copper, cobalt, nickel, zinc, and lead. Located in a mining district that covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect, the area’s exploration will consist of testing a potential of 1.1 million ounces of gold and 69 million ounces of silver.
The Guadalupe Property
The Guadalupe Property, located in central Mexico, in one of Mexico�s oldest mining districts. It lies just a few miles north of the world�s richest underground silver mines. This property contains two historic mines.. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc.,,is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver. That’s about twice the grade of Fresnillo�s other producing mines in the region, making the project�s Valdeca�as Vein one of the world�s highest grade undeveloped silver resources.
La Escondida 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.
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