2013-10-23 15:19:21 -
Mission Mining Company Commissions NI 43-101 Technical Report To Determine Gold and Silver Resource Estimates at Gold Star Mine
Las Vegas, Nevada US, October 23, 2013 /FSC/ - Mission Mining Company (OTC: MISM),is pleased to announce the formal engagement of Zivkovic Geophysical Investigations, LLC, to prepare and submit a National Instrument ('NI') 43-101 Mineral Resource Estimate Report on the Company's Gold Star Mine, a large, alluvial, placer mining property comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area located in Esmeralda County, Nevada.
The most recent geological valuation of the Gold Star property was completed in 2010. Based upon the data in this report, the current total value of Measured gold and
silver resources residing in the top 30 feet of soil at the surface of the property is estimated at $30 Billion. Total in-ground resources at Gold Star are anticipated to report in the range of $400 Billion to $500 Billion. The completed NI 43-101 Report on Gold Star Mine will verify accurate quantities and values.
"Obtaining an NI 43-101 technical report for resource estimation and exploration potential to validate the historical trenching, drilling, testing, and assay data on the Gold Star Mine should prove extremely valuable to Mission Mining in pursuing its business plan to fund and place into production this immensely valuable mining property," stated Mission Mining CEO, Carlton Wingett. "Confirmation of even a fraction of the property's total resources that meet the "CIM Standards of Disclosure for Mineral Projects" required to produce a certified NI 43-101 report could be a highly significant event for MISM shareholders."
"The NI 43-101 is the "geological reporting standard of the mining industry" and provides a solid basis for asset determination in meeting public company reporting requirements," continued Wingett. "It also is a necessary component for companies that are soliciting capital from financial institutions to fund and develop mining operations. The full Gold Star Mine NI 43-101 Resource Estimate Report is expected to be available for release within 4-6 weeks."
About Zivkovic Geophysical Investigations, LLC
Zivkovic Geophysical Investigations, LLC, is an established geophysical consulting firm located in Greely, Colorado, with extensive experience in the calculation of NI 43-101 compliant resource estimates. The company was founded by Vladimir B. Zivkovic, Ph.D., C.P.G., Q.E.P. To ensure the quality of its results, Zivkovic Geophysical has implemented comprehensive acquisition techniques, data quality assurance procedures, interpretation procedures, and report formats.
About Mission Mining Company
Mission Mining Company focuses on the acquisition and development of significant US gold, silver, platinum group metals, and rare earths mining properties and placing them into full production. The Company has acquired 100.0% ownership of the six Gold Star mining claims in Esmeralda County, Nevada, and has executed a 49-years renewable mining / operating lease for the seventeen El Dorado mining claims in San Bernardino County, California. Historical geological reports on the two properties indicate substantial values in gold, silver, platinum group metals (PGM), and untested amounts of rare earth elements (REE).
This release may contain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of Mission Mining Company and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
Carlton Wingett - CEO
Phone - 888-459-4889
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Source Mission Mining Company (MISM - OTC_PINK) www.missionmining.com/
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