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Gold American Mining Corp (OTC.BB:SILA) recently underwent a name change to Gold American Mining Corp on June 23rd, 2010. The company is engaged in exploration and acquisition of precious metals and mineral resource properties in United States. The company has also several international properties. Its main properties include Keeno Strike project in Clark County, Nevada and Guadalupe project located in Zacatecas State, Mexico .
When Gold American Mining Corp says that it believes that the vein system on its property in Guadalupe Mexico, has the potential to continue to much greater depths, shareholders listen. The company recently announced that its geophysics program on its Guadalupe, Mexico , property completed on July 20 confirmed that fact and that it foresees being in a position to start drilling very soon.
The precious metals exploration company is focused on the aggressive ongoing acquisition and exploration of holdings with rich gold and silver production potential. The Guadalupe property contains two historically significant mines and is located in one of Mexico's oldest mining districts, roughly five miles north of the Fresnillo (Proaño) Mine, the world's richest underground silver mine, operated by Fresnillo plc. About 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.
SILA 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.
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