Gold American Mining Corp. (OTC.BB:SILA)
SILA�s Last Traded Price: $0.72 , Vol: 833,743
Gold has Mystical Properties
Gold is said to bring wealth, happiness and feelings of comfort. It is a mineral of spirituality, magic, understanding, and attunement to nature. It attracts positive energy and is a wonderful healing mineral.
Legend states that gold is a masculine stone ruled by the sun expressing it�s projective qualities on other minerals and crystals, especially topaz, rubies, orange zircon and peridot�all whose power increases when set in gold.
It is believed that topaz in a gold setting disperser enchantments and rubies in gold may refresh the body by absorbing energy from the sun.
It is also told that gold can prevent spiritual corrosion, that it adds to the realm of complete understanding and that it can clear away negativity. It has the ability to transform energy and negativity�although it is also told that gold may bring greed to the soul, and must be tempered when used or worn. Matched with silver, gold�s negative influence is usually moderated.
Pink Gold can represent spirituality and White can combine the sun and moon�s energies. In some Asian cultures, adding gold to statues was part of rituals meant to bring the statue to life. It is associated with the Fire Elemental and the number 2 vibration.
One reason why Gold is scarce is because governments recognize its intrinsic value, not its spiritual value.
This company is in the mining business, with both Gold and Silver reserves, in Mexico and Nevada.
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.
The Guadalupe Property
The Guadalupe property contains two historically significant mines and is located in one of Mexico�s oldest mining districts, roughly 5 miles north of the Fresnillo (Proa�o) Mine, the world�s richest underground silver mine, operated by Fresnillo plc.
Roughly 6.8 miles to the southwest of Silver America�s Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the world�s highest grade undeveloped silver resources.
The Property contains greater than 20 known workings as well as two historic mines � Santa Rita and San Antonio.
Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s.
The property is completely surrounded by land controlled by Pe�oles (either through Fresnillo or other subsidiaries and partners).
The La Escondida Property
The La Escondida property is comprised of two mineral concessions that cover 439.8 acres approximately 124 miles northeast of the city of Hermosillo in Sonora State, Mexico. The surrounding region has seen significant recent activity by foreign mining companies.
Nineteen miles to the northeast of the property is NYSE-listed Yamana Gold Inc.�s Mercedes project, a development stage gold-silver project expected to start production at a rate of approximately 120,000 gold equivalent ounces per year from 2012.
Eighteen miles to the north of Gold American�s La Escondida project is the Oroco Resources Corp.�s Cerro Prieto project, which recently reported 383,833 ounces gold and over 6 million ounces of silver reserves.
The La Escondida property is host to two distinct mineralized targets associated with a fault: a bulk tonnage-style gold-silver-lead disseminated area and a high-grade epithermal vein-hosted silver and gold area.
Small gambusino-style workings occur at different points on these targets, where historical sampling returned selected results as high as 1.85g/t Gold and 908.69 g/t Silver. The high-grade vein-hosted silver and gold target consists of two veins.
One vein is exposed over an area at least 800m long and is reported to be 3-5 meters wide.
The second vein is exposed over an area at least 500m long and is reported to be 1-2 meters wide.
The disseminated zone is found between these two veins, approximately 100 meters wide.
These zones are open both along strike and at depth.
ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded 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.
www.gold-american.com
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