Gold Mining USA, Inc. announced that the company has acquired the Palmyra property, a 160-acre gold and silver laden resource located in Lyon County, Nevada, near the world famous 'Comstock Lode' mine and Gold Canyon. Gold and silver-bearing quartz veins as well as free gold, silver and traces of copper at shallow depths have been unearthed at the Palmyra property, which is estimated to contain over 135,000 ounces of gold (inferred mineral resource) at 80% fine grade quality. The property, which Gold Mining USA acquired through a share sale agreement, has already produced over 35,000 ounces of gold in the past and is located in the Indian Springs District at the crest of the Pine Nut Mountains in Nevada.

Indian Springs is located 11 miles southeast of Dayton, Nevada which is in very close proximity to the Comstock Lode mine and Gold Canyon where massive amounts of gold and silver have previously been discovered and the area shares similar geology. The Comstock Lode is considered one of the most important mining discoveries in American history in both output and significance, representing the first major silver discovery in United States history that also produced tremendous amounts of gold.