$12.5 Million Note Receivable Collection Moved to Next Step
1888 PressRelease - Gold & Silver Mining of Nevada, Inc. (PINK SHEETS:CJTF), a junior mining company in Nevada, announces collection on companies $12.5 million portion of note receivable has moved to the next step in court.
Las Vegas, NV-AZ - In addition, an offer has been prepared for the parties for discussion including some joint venture production of assets offered by the debtor with excellent gold content. If executed as expected cash and production will move ahead. If not, collection will proceed through the court and the offered properties may still come into play out of the collection process.
The company expects that $2 million dollars will complete all of the early permitting, assaying and pre production expenditures needed to bring Goldfield Basin into production of 1,000 tons per day generating $75 million of income per year.
Company President, N. Fred Anderson states that the future is bright and the company is looking forward to sharing pictures and production related success as we continue to make progress in pursuing our business plan.
Visit the OTC Markets (CJTF) news and note the other news releases about production for 2014-15 as well (http://www.otcmarkets.com/stock/CJTF/quote).
Visit our web site at http://www.goldandsilvermining.com.
About Gold and Silver Mining of Nevada, Inc. We are a Gold and Silver Mining company focused on developing and bringing into production mining properties in Nevada, Arizona and California that are ready to come into production in the near future.
For more information, please visit our web site and/or call N. Fred Anderson at: 801-679-3945.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of plans and operations and are based on the company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Gold and Silver Mining of Nevada, Inc.
N. Fred Anderson 801-679-3945
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Submitted on: 2015-06-23 22:29:14