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Moving Forward With 1,000 Ton Permit Application And Expects More Gold In Near Surface 30 Foot Depths

Top Quote Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, as follow-up to the recent successful sampling of 1 to 3 feet deep assays, the company is now prepared to apply for permits to gather samples down to 30 feet of depth. End Quote
  • (1888PressRelease) September 03, 2014 - The current analysis in the field and previous historical information infers that the gold concentration should get incrementally better from in the near surface zone from 3 to 30 feet.

    CJT Mining, Inc. (wholly owned subsidiary of CJTF) and Brian Collins, joint mine owners are working to complete the first 1,000 ton notice application with more to follow. Assayed gold results from the last samples were very good with follow-up assays confirming even more gold. The company expects that more testing and processing of 1,000 tons will show the deeper 30 ft zone to be a gradually increasing concentration of gold and silver.

    The numbers will maintain or increase as time and water has pushed fine gold to the deeper near surface zones of approx 30 ft depths. Recent tests showed surface to 3 ft depths samples were in the 5 to 10 gram range of gold per ton.... a very good start.

    The full depth of the mineral profile should extend all the way to bedrock which in some instances could be several hundred feet deep. The company is very comfortable with sticking with the top 30 foot profile initially. The effort to prove the full depths of mineralization content will be a part of ongoing production operations.

    Update regarding the Note Receivable and Company Funding. On June 2, 2014 we announced information regarding a $12.5 million note receivable due in February 2015 with scheduled payments to start in approximately 90 days. This was a forward looking statement and should not be construed as a statement of fact. The company and it's partners have other sources of funding that continue to aid the company in it's efforts to move the mining business forward. The accountants and lawyers are working to pin down the exact timing of the scheduled payment dates for the note receivable. The important thing to remember is that the due date for the note is Feburary 2015… any payments made after February 2015 would be late. We believe that the payment or payments can all be made on time.

    Visit to our web site at http://www.goldandsilvermining.com and OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).

    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. This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

    Contact:
    Gold and Silver Mining of Nevada, Inc.
    Investor Relations:
    N. Fred Anderson 801-679-3945

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