Gold Mining USA Acquires Palmyra Gold Property

SACRAMENTO, CA - Gold Mining USA, Inc. reported that it has acquired the Palmyra property, a 160-acre gold and silver laden resource located in Lyon County, Nevada, near the Comstock Lode mine and Gold Canyon.

Gold and silver-bearing quartz veins as well as free gold, silver and traces of copper at shallow depths have been unearthed at the Palmyra property, which is estimated to contain over 135,000 ounces of gold (inferred mineral resource) at 80% fine grade quality. The property, which the company acquired through a share sale agreement, has already produced over 35,000 ounces of gold in the past and is located in the Indian Springs District at the crest of the Pine Nut Mountains in Nevada.

Indian Springs is located 11 miles southeast of Dayton, Nevada which is in very close proximity to the Comstock Lode mine and Gold Canyon where massive amounts of gold and silver have previously been discovered and the area shares similar geology.

Based on multiple samples taken by the Company's geologists from the claim's ore dump/loose shallow vein systems, the property showed XRF readings ranging from .09 to 1.38 ounces of gold per ton. President of Gold Mining USA, Maurice Byrne, commented, "We are very pleased to announce our acquisition of the Palmyra property which we estimate holds a tremendous amount of gold based on current and previous studies. Additionally, this property has ideal mining conditions as it is very accessible, has a year-round warm climate and available water resource allotments through existing aquifers in the area.