BOCA RATON, Fla., Aug. 21, 2012 /PRNewswire/ -- Gold Coast Mining Corp. (Pink Sheets: GDSM), is pleased to announce today the following update for the Azurite property (Azurite, New Era, NIWOT Millsite, Little Kid, Wren and Jayhaker):
Western Sierra has completed an initial road survey and has the road improvements needed currently out for bid. The initial focus of the JV will be improvements leading to the main surface ore body, as well as the opening of some of the existing tunnels. The beginning efforts also include the plant pad cleanup; work on the cabin and notifications to the proper authorities regarding activity at the property.
Additionally, we are pleased to announce that Western Sierra will be scheduling a meeting in Prescott, Arizona open to all investors, interested parties and shareholders of both companies. The purpose of the meeting is to give shareholders an opportunity to hear a first-hand presentation of the opportunity at Azurite. The attendees will have a chance to meet with those involved from the mining side and to have any questions or concerns they may have answered. An announcement regarding the date and time will be forthcoming shortly. Any attendees will need to RSVP so that a proper venue may be chosen.
Marc Lovito, President of Gold Coast Mining, stated, "We are appreciative of Western's offer to host a meeting to answer all questions that shareholders may have. We share their belief that the opportunity to meet the people involved with the property face to face and see the opportunity from those in the mining industry in person, is invaluable to an investors due diligence."
ABOUT GOLD COAST MINING
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Gold Coast is currently working with Western Sierra Mining to secure and finalize a project (Gold Star Mine), with financing built in, that the two parties will operate within Gold Coast.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
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SOURCE Gold Coast Mining Corp.