Premier Investment Properties Overcomes Environmental Hurdles

Metals & Mining

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Premier Investment Properties Overcomes Environmental Hurdles

Premier Investment Properties  Overcomes Environmental Hurdles

New Jersey -- Premier Investment Properties Inc (OTHER OTC: PIPI) and Mohave Gold Mining and Exploration, Inc. are pleased to announce that all environmental obstacles have been overcome on La Dama de Oro Exploration and Development Project. Three years of Environmental Impact Studies and Reports presented to the two regulatory agencies, the Bureau of Land Management, and the United States Fish and Wildlife Service, has led to a Finding of No Significant Impact (FONSI), and authorization has been granted to MGME, Inc., to move forward with surface core-drilling and underground exploration work on La Dama de Oro Mine near Victorville, California.

The recent rise in the price of gold has led smaller mining companies to take a fresh look at mines that closed down in the 40's and 50's, which have now become feasible to reopen. Less than a handful of underground mines have been permitted to be re-examined in Southern California, and La Dama de Oro is the only one in San Bernardino County since the War Powers Act of 1941 drove many smaller mines to close.

Pre-mobilization activities for the project commenced October 15, 2012.

About Premier Investment Properties

Premier Investment Properties Inc
explores, acquires and develops natural resource and real estate related assets of interest.

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