SILVERDALE, Wash., May 5, 2014 (GLOBE NEWSWIRE) -- Valley High Mining Company (OTCQB:VHMC) (USA) VH8 (Berlin) (the "Company") is pleased to update shareholders on its progress in identifying, evaluating, and closing in on significant gold concessions both in the United States and abroad. The Company has spent the past several months restructuring internally, engaging the investment community, and putting forth extensive effort in identifying significant projects in known gold producing areas – including a West Africa deposit with over 700,000 ounces of gold indicated.
The US opportunity is a yet undeveloped mineral resource discovered by the current group of stakeholders made up of geologist and long term operators. The targeted section of land, representing 640 acres, is located in an old sea bed with inferred mineral resources estimated to be over an ounce of gold per ton with the mineral body exceeding 150 feet in depth based on preliminary testing and evaluations by the stakeholders. Preliminary information indicates that this opportunity represents a development opportunity believed capable of producing in excess of $1.0 Billion US in gross precious metal recovery for this single section. The Company is continuing with its due diligence and would like to move forward with its economic assessment phase.
The Guinea, West Africa concession is among other active concessions in the region and includes an NI 43-101 Preliminary Economic Assessment and an Environmental Impact Report. The indicated gold exceeds 700,000 ounces and the surrounding area could present further opportunities for the Company. The Company is continuing to negotiate both short and long term opportunities with the group representing the concession.
For more information about Valley High Mining Co. visit their website: http://vh-mining.com
About Valley High Mining Company:
Valley High Mining Company is a precious metals and minerals exploration and development company. The Company focus has been to analyze and evaluate lower risk and undervalued precious metal and mineral resource opportunities. Recent project evaluations for the Company include due diligence on projects located in Peru, Nicaragua, West Africa, and the United States, as well as the establishment of joint ventures and partnerships in the regions. The Company will continue to explore new opportunities in the expanding mineral resource sector.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
CONTACT: Investor Inquiries: Valley High Mining Company +1 360-536-4500Source:Valley High Mining Company