U.S. Mine Makers Inc. signs Letter of Intent to acquire 50%
interest in past producing Gold properties
WYOMING STATE,
Nov. 9, 2012 /PRNewswire/ - U.S. Mine
Makers Inc. a mineral deposit acquisition and development company
with high-potential properties (the "Company") is pleased to
announce that it has executed a Letter of Intent with a private
mining company to option a 50% undivided interest in several
previously producing gold claims in Sierra County, California. The Kate Hardy Mine
and Omega Mine Properties are located near the northern end of the
historic Mother Lode district.
About the Kate Hardy
The mine was operated for about eighty years, beginning in 1879,
and continuing on and off through 1959, back when Gold was priced
at around $30 per ounce. Reported
production is estimated at 25,000 to 30,000 ounces of gold, from
25,000 to 30,000 tons of mined material. This would indicate
an average grade mined of about one ounce per ton, which is quite
possible, as the Mother Lode veins are known to be relatively rich,
and the mine would have operated, by 1959, for about many years
against a fixed gold price. Based on a recent NI 43-101 report, the
Company anticipates that it will be able to maximize gold
production in the coming years.
Further information:
The Company invites shareholders and other interested parties to
call Investor Communications at 209-386-7753
On behalf of the Board
Walter Stunder
CEO, President & Director
Forward-Looking Statements: Except for the
historical information contained herein, the matters discussed in
this press release are forward-looking statements. Actual results
may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties.
SOURCE U.S. Mine Makers Inc.
