Win-Eldrich Mines (OTC Other: WIDMF; TSX-V: WEX) received an initial cash payment of $0.5 million from American Mining Corp. This payment is part of a total $2 million which American Mining will pay to Win-Eldrich in exchange for a 50% interest in a newly created entity. These funds will be used to double the capacity of the Ashdown milling facility in northern Nevada from 100 tons per day to 200 tons per day, and then sharing equally in the proceeds from contract milling for existing high grade gold resources in Nevada.
