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Las Vegas, NV - (CRWENEWSWIRE) SILA, News Update and Video Highlights By CRWENewswire.com

SILA, Gold American Mining Corp.

Gold American Mining Corp. (OTC.BB:SILA) (”Gold American” and/or “the Company”) reported that Mr. Juan Manuel Jimenez has agreed to join the Company’s team as Technical Advisor - Mexico.

Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. He brings great value to the company given his vast knowledge of precious and base metals exploration in the regions where Gold American operates.

Mr. Jimenez has extensive experience in all phases of mineral exploration and development, with a particular focus on surface and underground drilling, as well as geophysical exploration methods. He has managed and supervised significant exploration projects in the Mexican mining industry and throughout his distinguished career, he has been directly involved in programs resulting in the identification, acquisition, delineation and discovery of significant gold and silver deposits.

His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corp. (acquired by $29B NYSE-listed Newmont Mining Corp.), Homestake Mining Corp., and Minera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.) Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.

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.

For more information, go to: http://www.gold-american.com

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. ( read more ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) has received twenty-five thousand dollars in cash from a third party (Winning Media) for (3) days of advertising for Gold American Mining Corp (SILA.OB)

RENO, NV–(CRWENEWSWIRE) - Gold American Mining Corp. (OTC.BB:SILA) (”Gold American” and/or “the Company”) is pleased to announce that Mr. Juan Manuel Jimenez has agreed to join the Company’s team as Technical Advisor - Mexico.

Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. He brings great value to the company given his vast knowledge of precious and base metals exploration in the regions where Gold American operates.

Mr. Jimenez has extensive experience in all phases of mineral exploration and development, with a particular focus on surface and underground drilling, as well as geophysical exploration methods. He has managed and supervised significant exploration projects in the Mexican mining industry and throughout his distinguished career, he has been directly involved in programs resulting in the identification, acquisition, delineation and discovery of significant gold and silver deposits.

His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corp. (acquired by $29B NYSE-listed Newmont Mining Corp.), Homestake Mining Corp., and Minera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.) Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.

“I am delighted to have Juan Manuel join our efforts in advancing our projects. The positive results we have obtained to date at the Guadalupe property make it even more essential to Gold American to count with his expertise in the region. He is ideally qualified and well prepared to assume an important role in the future growth of the Company,” said Mr. Johannes Petersen, President of Gold American. “The appointment of Juan Manuel is the latest step in our efforts to assemble a tight group of management, exploration and production experts from the silver and gold industries,” added Mr. Petersen.

ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded (OTC.BB:SILA) 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. For more information the Company and its projects, visit Gold American’s website at www.gold-american.com

Contact:

Investor Relations Information:
Toll Free: 1-800-274-3710

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. ( read more ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) has received twenty-five thousand dollars in cash from a third party (Winning Media) for (3) days of advertising for Gold American Mining Corp (SILA.OB)

Gold American Mining Corp. (OTC.BB: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.

Gold American Mining Corp. (OTC.BB:SILA) (”Gold American” and/or “the Company”) recently reported additional positive results from its Guadalupe property, located in the heart of the Fresnillo district, Zacatecas, Mexico.

Fieldwork continues to identify additional veins within the property — as such several veins remain without names. To date nine veins have been mapped within the Guadalupe property. In certain locations the width of sampling was limited by the size of the workings and as such the true width of mineralization remains unknown. The highlights from the most recent sampling program are listed below:

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    Sample          Location        Type  Width (m)   Au (g/t)   Ag (g/t)
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     1703        Centenario Vein    Chip     0.6        0.97      282.0
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     1712       San Agustin Vein    Chip     1.0        0.25       74.0
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    1718+21      Santa Rosa Vein    chip     1.1        0.15      130.2
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   including                                 0.4        0.23      218.0
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     1731         Unnamed Vein      Chip     1.3        0.21      172.0
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     1732         Unnamed Vein      Chip     1.0        0.40      182.0
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Several previously unknown historic shafts were also identified within the property. It is apparent that these shafts were sunk along strike from other workings as there are often no outcrops in the vicinity of the shafts. In these situations the mineralized dumps near those workings were sampled. The key results from those new dumps are listed below:

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    Sample          Location        Type  Width (m)   Au (g/t)   Ag (g/t)
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     1703        Centenario Vein    Chip     0.6        0.97      282.0
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     1712       San Agustin Vein    Chip     1.0        0.25       74.0
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  Sample     Location     Type        Description        Au (g/t)  Ag (g/t)
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                                 Sandstone with strong
   1701    Unnamed Vein   Dump      calcite veining        1.41      70.2
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                                 Ryolitic fragments and
   1706   Centenario Vein Dump   abundant quartz veins   < 0.03      138.0
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                                Quartz veins with strong
   1707   Centenario Vein Dump         iron oxide          0.09      230.0
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                                Very oxidized sandstone
   1715  San Antonio Vein Dump     with calcite veins      1.04      74.0
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                                Silicified breccia with
   1724    Unnamed Vein   Dump       strong oxides         0.04      93.8
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Several exposures/workings that occur immediately off of the property were also sampled. These areas were sampled because the veins are known to continue onto the property, however there are no exposures immediately on the property side of the boundary. The following results are provided for reference only:

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   Sample          Location          Type    Width (m) Au (g/t)   Ag (g/t)
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    1709      Marcos de Oro Vein     Dump        -       0.48       254.0
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    1711      Marcos de Oro Vein     Dump        -       0.17       132.0
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    1725       San Antonio Vein      Chip       0.7      1.63       470.0
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    1726       San Antonio Vein      Chip       1.0      0.86       106.0
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    1727       San Antonio Vein      Chip       0.6      2.44       22.3
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“The fast pace of exploration achieved on the property since we started operations in late April has expanded considerably our knowledge of the property and reaffirmed our intentions to drill its main objectives,” said Johannes Petersen, President of Gold American. “We are very excited with our findings to date. As soon as we receive the final report and maps of the recently completed geophysics campaign we will be able to finalize the design of the drilling program and initiate the permitting process with a view at commencing drilling before the end of the year,” added Mr. Petersen.

THE GUADALUPE PROPERTY

The Guadalupe property contains two historically significant mines and is located in one of Mexico’s oldest mining districts, roughly 5 miles north of the Fresnillo (Proaño) Mine, the world’s richest underground silver mine, operated by Fresnillo plc. Roughly 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.

The Property contains greater than 20 known workings as well as two historic mines — Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s. The property is completely surrounded by land controlled by Peñoles (either through Fresnillo or other subsidiaries and partners).

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. crwenewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (read more) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold crwenewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received twenty-five thousand dollars in cash from a third party (Winning Media) for (3) days of advertising for Gold American Mining Corp (SILA.OB)

RENO, NV–(CRWENewswire - 08/10/10) - Gold American Mining Corp. (OTC.BB:SILA) (”Gold American” and/or “the Company”) is pleased to announce it has signed an option agreement to acquire a 100% interest in the high-grade silver-gold La Escondida Project located in Sonora State, Mexico.

The La Escondida property is comprised of two mineral concessions that cover 439.8 acres approximately 124 miles northeast of the city of Hermosillo in Sonora State, Mexico. The surrounding region has seen significant recent activity by foreign mining companies. Nineteen miles to the northeast of the property is NYSE-listed Yamana Gold Inc.’s Mercedes project, a development stage gold-silver project expected to start production at a rate of approximately 120,000 gold equivalent ounces per year from 2012. Eighteen miles to the north of Gold American’s La Escondida project is the Oroco Resources Corp.’s Cerro Prieto project, which recently reported 383,833 ounces gold and over 6 million ounces of silver reserves.

The La Escondida property is host to two distinct mineralized targets associated with a fault: a bulk tonnage-style gold-silver-lead disseminated area and a high-grade epithermal vein-hosted silver and gold area. Small gambusino-style workings occur at different points on these targets, where historical sampling returned the following selected results:

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Sample No.Gold (g/t)Silver (g/t)            Observations
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22309     1.85      278.73      Quartz Vein in old UG low angle
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22310     0.78      501.31      Mineralized dump, fragments of vein
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22311     0.45      541.58      Exposure in the inner area of old UG
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22301     0.20      851.17      Mineralized dump, fragments of vein
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23722     0.42      728.52      Veins N65E 30SW
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23691     0.27      774.10      Veins N65E 28SW
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23725     0.22      908.69      Veins N65E 25SW
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The high-grade vein-hosted silver and gold target consists of two veins. One vein is exposed over an area at least 800 meters long and is reported to be 3-5 meters wide. The second vein is exposed over an area at least 500 meters long and is reported to be 1-2 meters wide. The disseminated zone is found between these two veins, approximately 100 meters wide. These zones are open both along strike and at depth.

“The La Escondida project is a valuable addition to our growing project portfolio,” commented Johannes Petersen, President of Gold American. “It has an exciting potential to host a gold-silver deposit and the property’s infrastructure is excellent. A sampling program carried out at the end of 2009 showed that the property contains multiple targets with high-grade silver grades and good values of gold and lead. Several of the target zones remain open in at least one direction, and it has been determined that historic workings reached only the 30 meters depth level. These findings are significant in that there is the potential, with additional exploratory work, to show mineralization over much greater strike lengths and depths,” added Mr. Petersen.

ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded (OTC.BB:SILA) 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. For more information the Company and its projects, visit Gold American’s website at www.gold-american.com.

Disclaimer:
CRWEnewswire is not liable for the contents of this news, as well as not being liable for any errors or delays in the content, or for any actions taken in reliance thereon. The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of Crown Equity Holdings or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company mentioned or referred to in the article. Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars in cash from a third party (Winning Media ) for (7) days of advertising for Gold American Mining Corp (SILA.OB)

Gold American Mining Corp. (SILA.OB) 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.

SILA recently entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. SILA reported they received funds in the amount of $300,000 in virtue of this agreement and that SILA still has a balance of $7.2 million that SILA could call upon to fund their exploration and acquisition strategy. During 2010, SILA have received total equity subscription proceeds of $500,000.

The funding will be utilized by Gold American in its ongoing acquisition strategy and specifically in the further exploration and development of its existing Keeno Strike Property in Nevada, which could potentially contain ~1.1 million ounces of gold and ~69.0 million ounces of silver accessible via open-pit bulk handling methods, and its Guadalupe Property in Mexico, which is located approximately 5 miles north of the world’s richest underground silver mine operated by the +$10 billion London Stock Exchange-traded company, Fresnillo plc.

In addition, SILA has recently announced that its geophysics plan has been completed at the Guadalupe property in Mexico. The company has completed the magnetic and induced polarization surveys on 20.5 kilometers of the property. The company is very optimistic about the completion of its geophysics program and hopes to get the final plans and results of the sampling by the beginning of August, 2010.

Furthermore, 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. 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.

For more information about this company please visit http://www.gold-american.com/

Coeur d`Alene Mines Corporation (NYSE: CDE) is one of the world’s leading silver companies and also a significant gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with nine national and international awards earned over the past year. The Company’s three new long-life mines include the San Bartolomé silver mine in Bolivia which began operations in 2008, the Palmarejo silver/gold mine in Mexico, which began operations in 2009, and the Kensington gold mine in Alaska. The Company also owns underground mines in Argentina and one surface mine in Nevada, and owns a non-operating interest in a low-cost mine in Australia. The Company conducts exploration activities in Alaska, Argentina, Chile and Mexico.

CDE recently reported that production has commenced ahead of schedule at its Kensington Gold Mine in Alaska. The Company anticipates that Kensington will produce 50,000 ounces of gold during the remainder of 2010 and will average approximately 125,000 ounces of gold annually over the mine’s initial 12.5 year life. Once in full production, cash costs are expected to average approximately $490 per ounce over the mine life.

CDE will report its second quarter 2010 results on Monday, August 9, 2010 after the New York Stock Exchange closes trading.

For more information about this company please visit http://www.coeur.com/

Barrick Gold Corporation (NYSE: ABX) vision is to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

ABX recently reported Q2 net income rose 59% to a record $783 million ($0.79 per share). Adjusted Q2 net income rose 76% to $759 million ($0.77 per share) compared to $431 million ($0.49 per share) in Q2 2009. Operating cash flow rose 42% to $1.02 billion from $718 million in the prior year period and exceeded $2 billion in the first half of 2010.

In addition, ABX reported Q2 gold production of 1.94 million ounces at total cash costs of $457 per ounce or net cash costs of $358 per ounce, was ahead of plan on strong performance from the North and South America regions. Barrick remains on track with its original full year production guidance of 7.6-8.0 million ounces at total cash costs of $425-$455 per ounce or net cash costs of $345-$375 per ounce.

For more information about this company please visit http://www.barrick.com/

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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more). Rule 17B of the Securities Act of 1933 requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings, Inc. (CRWE.OB) has received eight thousand dollars in cash from a third party (Winning Media) for (3) days of advertising for Gold American Mining Corp (SILA.OB)

The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings, Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone.

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