Exploration activities for new untapped precious mineral ore reserves continue to thrive in Nevada, driven by the current market conditions where both gold and silver are experiencing significant value increases. Gold has reached an all-time high, while silver has also seen explosive growth.

 

Geologists and other industry experts familiar with this property, including those who previously conducted mining activities in the region and based on geological studies in the area, believe this particular area promises to be a most promising location for high yield veins of gold, silver, and copper ore. Some have long speculated that there is as much as one to two million ounces of gold ore in these claims. 

 

After successfully identifying pockets containing 80-151 ppm of gold through our recent drilling operations, Humboldt Mining Company will now commence a thorough review of our strategic options. These considerations will include continuing our exploratory drilling to further delineate the discovered reserves, potentially blocking out these identified reserves for development, or exploring opportunities to merge or sell to another mining entity that can propel the project into its next phase of development.

 

It should be noted that by nature investments in exploratory mining companies is a speculative venture and there are a myriad of factors controlling the outcome in addition to the presence of raw ore, including governmental permits and economic conditions in the mining sector. Humboldt Mining Company, Inc., its officers, directors, consultants and investors make no representation as to the actual value of the claims it controls or the potential for discovering precious mineral deposits or its ability to ultimately extract them.

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