SILA – Gold American Mining Corp

We have an exciting new gold play right now. Gold has pulled back 5% this month with the recovery in the markets but is still holding a strong 26% gain over the past year. Investors who don’t invest in physical gold look for the next best thing and that is gold stocks. The market is still in a bearish trend and generally when this happens gold stocks are still in play.
We have found what we believe could be the next junior miner that could be making major headlines.

We want everyone to put SILA (Gold American Mining Corp.) on your radar immediately.

This is a company that has made some very big moves lately and has pulled back nicely. Last week the stock moved from $0.80 to $1.16 (about 45%) and I’m expecting we could see a move like this again early next week.

According to Emerging Stock report SILA has Support at $1.03, with resistance at $1.15. There has been a lot of accumulation at higher levels which typically means there will be little resistance in the stock until investors reach the breakeven level.
We could see a nice pop and some momentum before we see any heavy selling.

SILA is extremely liquid right now. The average volume over the past two weeks has been 800k shares.
Recent activity has pushed the market cap to close to $80 million!!

Every mining company has to have adequate funding in order to pay for drilling operations and the extraction of minerals from the ground. Right now it is estimated that SILA is sitting on an estimated $8.5 billion worth of gold and silver combined on their Mexican and American properties.

This would mean nothing if they did not have sufficient means of pulling it out of the ground. SILA secured a 2-year, $7.5 million equity financing agreement with ZUG Financing Group S.A. in May:

The ZUG group specializes in backing precious metals and mining ventures. This incredible news will keep Gold American busy the next 2 years, in continued development and exploration of their Mexico and Nevada properties. In all, the deal could represent $10.75 million in funding over the next 2 years if the company assumes the full execution of the attached warrants.

SILA’s main property is located in Mexico. The 698.91- acre Guadalupe property in Mexico contains two historically significant mines, and is only about 5 miles north of the Fresnillo Mine, which is the world’s richest underground silver mine. That mine produced over 24,000 ounces of gold in 2009 alone.

Mexico’s mine production of gold increased 10% from 2008 to 2009, and is now the third leading exporter of gold into the US. As exploration and development in Mexico has picked up, SILA has made a timely move to expand their production. The field surveys confirmed the project’s significant potential by returning several high-grade silver results.

SILA’s 2nd acquisition, The Keeno property in Nevada could potentially contain 1.1 million ounces of gold, and 69 million ounces of silver.

It is obvious that The Street is bullish on SILA right now. We have seen tens of millions of investment dollars being thrown at SILA in the open market. We have traders looking to take small profits but it also looks like there is a core of longer term investors waiting on SILA to start the extraction process.

SILA looks great both longer and shorter term right now. Make sure to start your research immediately.
Make sure you visit www.gold-american.com.

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