Manic Penny Stocks

[mrfence]

$CJTF~ 31 NEW CLAIMS AT GOLDFIELD BASIN ESTIMATED AT OVER
$7 BILLION POTENTIAL VALUE
http://www.otcmarkets.com/stock/CJTF/news/CJTF-GOLDFIELD-BASIN-ESTIMATED-AT-OVER--7-BILLION?id=89563

Tuesday October 15, 2014 - Las Vegas, NV – Gold & Silver Mining of Nevada, Inc.
(PINK SHEETS: CJTF), a junior mining company in Nevada, announces review of 31
new claims at Goldfield Basin to have in-ground potential over $7 Billion owned on a
50/50 basis by CJT Mining, Inc. (wholly owned subsidiary) and 50% by co-owner.
The chart below summarizes the numbers used in estimating the value. The company
and 50/50 co-owner has 31 (20 acre equivalent) claims covering 620 acres. These
claims surround an adjoining operation with historic drilling and assay information which
is equal to and/or greater than the numbers shown in the chart below.
The adjoining claims drilling and assay results showed an average gold content of 0.29
ounces per ton and 2.04 ounces per ton of silver. The results from the adjoining drilling
and assays also confirmed that the grade of ore became steadily richer at greater
depths. CJT Mining’s initial assay from sample ore this summer showed a total of 16
grams of gold and a range of 5 to 11 grams per ton in the top 3 feet of depth samples
were drawn from.
As we correlate the adjoining claims results, we have determined a pattern that we
expect to be very similar in the 31 claims we have. This will lead to many years of
successful precious metals (gold and silver) processing.
Bore hole profile in the adjoining property shows that there is 728 feet of placer
sedimentary material before reaching bedrock.
Historical Geological Review by the Nevada Bureau of Mines and Geology has
identified that the sedimentary material in the area is fine grained limestone, dolomite,
phylitic siltstone, metasiltstone, quartzite, sandstone and siliceous hornfels.
The gradual and natural downhill runoff flow of limestone, quartzite, dolomite rocks, silt,
rhyolite, sandstone, siltstone and partially dissolved minerals from at least 5 mineralized
mountain ranges has accumulated in this unique location for thousands of years and
now offers an opportunity for many years of successful precious metals extraction and
refining.
We now have gathered sufficient information to announce this location as one of the key
mining operations for the future and have given it the name Goldfield Basin. It is unique
in that it can be developed in a small to large stair step progression that creates orderly,
planned expansion out of profits.
Top 5 Feet of Depth Tonnage, Grade and Value Estimate
No. of Top 5 Feet
20 Acre Clms CJT/ Avg Oz Avg Oz No. Est Ozs Est Ozs
Equivalent Asset #/Claim Descr Claim # Gold/tn Slvr/tn Tons Gold Silver
4 GB 80 Acres Placer Claim SW9 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim SE6 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim NE7 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim SW8 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim SE8 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim NW9 0.025 1.5 580,800 14,520 871,200
4 GB 80 Acres Placer Claim NE9 0.025 1.5 580,800 14,520 871,200
1 GB Placer Mining Claim GB1 0.025 1.5 145,200 3,630 217,800
1 GB Placer Mining Claim GB2 0.025 1.5 145,200 3,630 217,800
1 GB Placer Mining Claim GB4 0.025 1.5 145,200 3,630 217,800
31
Estimated Totals of top 5 feet In Ground Placer Claims4,501,200 112,530 6,751,800
Value of Estimated 112,630 ouunces of gold @ $1,200/oz $ 135,036,000
Value of Estimated 6,751,800 ounces of silver @ $17/oz 114,780,600
Total Estimated Value of Top 5 feet of Placer Material (Step 1 Mining Zone) $ 249,816,600
Next 25 Feet of Depth Tonnage, Grade and Value Estimate
6 to 30 Feet
CJT/ Avg Oz Avg Oz No. Est Ozs Est Ozs
Asset #/Claim Descr Claim # Gold/tn Slvr/tn Tons Gold Silver
6 to 30 Foot Combined Totals 0.25 3.00 20,328,000 5,082,000 60,984,000
Combined Totals
Combined Tonnage and Gredes in Top 30 Feet 24,829,200 5,194,530 67,735,800
Combined Total Value of Estimated 5,194530 ouunces of gold @ $1,200/oz $ 6,098,400,000
Combined Total Value of Estimated 67,735,800 ounces of silver @ $17/oz 1,151,508,600
Total Combined Estimated Value of 1 to 30 foot level of Placer Material $ 7,249,908,600
1. Tonnage estimate derived using 1/3rd mineralization top 5 feet near surface placer ore
2. 5 to 30 feet the 1/3 mineralization is continued and the ore grade gets richer as depth increases.
3. The 5 to 30 feet tonnage is estimated at 5 times the top 5 feet tonnage estimate.
4. Even though placer material continues up to depths of several hundred feet, only the top 30 feet
are utilized for this analysis. This matches up with records of anlaysis work done on adjoining claims.
5. Claim ownership in the area will be increased as additional surrounding claims are filed for.
Visit the OTC Markets (CJTF) news and note the other news releases about production
for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).
Visit our web site at 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 forwardlooking
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 forwardlooking
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.
Contact:
Gold and Silver Mining of Nevada, Inc.
Investor Relations:
N. Fred Anderson 801-679-3945