Gold American Mining Corp. (OTCBB: SILA) has entered into a definitive option agreement to purchase an undivided 72% interest in 12 mining claims and a mill site containing 245 acres in Clark County, Nevada. Clark County is also home to Las Vegas. Perhaps this is the way to actually leave Clark County with more money than when you got there!

SILA was recently granted an option to mine almost 300 hectares of gold-producing mining sites in Mexico. The Company estimates that there may be more than 1 million ounces of gold and almost 70 million ounces of silver in the Nevada property. The Mexican site is 5 miles north of one of the world’s richest silver mines.

SILA recently announced that it had entered into a $7.5 million equity financing agreement with a European institutional investor that focuses its investments on precious metals and mining ventures. Freshly, Gold American revealed that it received $300,000 pursuant to that equity financing agreement, leaving a balance of $7.2 million to call upon as the company continues its pursuit for exploration and acquisition of additional properties for its silver and gold mining. The Company already has two properties – one called the Keeno Strike Property in Nevada and the other known as the Guadalupe Property in Mexico.

With the market for precious metals continuing to climb, companies such as SILA are positioning themselves and their shareholders for golden riches as well!

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More about SILA at: www.gold-american.com

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