Company Announces Production Equipment and $400 an ounce production costs

Top Quote Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, announces Gold Production Equipment and estimated costs of production to be about $400 an ounce of gold produced. End Quote
  • (1888PressRelease) November 23, 2016 - (Las Vegas, Nevada) - Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, announces Gold Production Equipment and estimated costs of production to be about $400 an ounce of gold produced.

    With 119 samples confirming the gold content the company now has permits and bonds and has commenced production efforts

    We have selected the on-site equipment that we intend to use to concentrate the free gold ore which has an average head ore value of 0.03 ounces of gold per ton. The concentrating equipment can easily concentrate the head ore to the averages confirmed in the assay testing previously announced and even richer as the concentrating process can concentrate the ore to the point which it is ready to be smelted into dore bars for shipment for final processing.

    The large volume centrifuge concentrator we have selected claims the following:
    " 99% recovery of free gold down to 100 mesh and 80% to 90% recovery down to 200 mesh." Can handle up to 15 tons per hour

    This recovery is then fed into another concentrator which clams the following:
    "…the M… Sp … is 'hands down' the most efficient gold concentrator available in the industry, it has a proven track record with a recovery rate of 99% of all free gold… has the highest concentration ratio AND highest recovery rate of any gravity concentrator on the market today… resulting in a finish or smelting grade concentrate.. …..more efficient than a concentrating table due to its simple operation, continuous feed and higher volume…(4 times the volume of a 4' x 8' finish table)…." etc. Used as a finisher of Centrifuge material 1 to 2 tons/hour

    This means that we have a simple large volume, no chemicals system to concentrate the fine alluvial free gold about 10 to 1 concentration down to a smelting grade concentrate which is then melted into a dore bar for shipment to the refinery for final refining to 99.999% pure gold.

    Estimated all in costs about $400 an ounce

    Because the ore is fine alluvial ore, there is no need for crushing. The ore can be excavated with simple construction equipment and screened out from the gravel and concentrated without any additional steps. The operation can be scaled to the size of the production permits from 100 ton of raw material per day in stage 1 to an estimated 1,000 tons of raw material per day in a future stage 2 production operation. The initial stage 1 relatively small operation can excavate, screen and concentrate 100 tons of head ore from .03 ounces of gold down to a concentrate containing around 3 ounces of gold per day or a gross daily revenue of $3,600 per day at an all in cost of no more than $1,200 per day or about $400 per ounce of gold produced.

    About Gold & Silver Mining of Nevada, Inc.:
    The company is in the business of precious metals mining and processing of massive gold and silver ore bodies in Nevada. The gold and silver located in the company owned mining claims in these districts are located adjacent to other known and established mining operators. The company is not looking for ore, but is in the process of developing previously identified ore bodies.

    Safe Harbor Statement
    This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

    For more information please contact:
    Investor Relations at 801-679-3945
    Visit the company web site at

  • FB Icon Twitter Icon In-Icon
Contact Information