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Sierra Resource Group Inc. (SIRG)

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Last Post: 10/23/2014 10:28:08 PM - Followers: 246 - Board type: Free - Posts Today: 0
Chloride Copper Mine in Arizona


                                    This is the existing pit that produced the tailing piles.                                             

Map from Google Earth showing the SIRG mine and the town of Chloride to the north. The Mineral Park Mine is to the east of SIRG's mine. 

 Chloride Copper Mine Storage Tanks  and the office trailer . Typical ore waiting to be processed.


SIRG will use open pit mining and the existing SX/EW plant on site at the Copper Chloride Mine. 
The SX/EW plant has a maximum annual capacity of up to 5,400,000 pounds of Copper Cathode per year but can be expanded.

The SX/EW process is environmentally friendly, cost effective and a quick production process.

Assets at the Chloride Copper Mine $2,196,292.  (based upon assessment of machinery on site)
SIRG's 100% ownership of the mine is valued at $12,000,000(this was based upon the purchase of the additional 10% for $1.2 million), otherwise the overall ownership should only be based upon Known Assets and prior mineral studies (which are also speculative as always)- josey

The SX/EW plant was valued at  $1,955,990
The Inventory was valued at         $240,302

Prepared by Gustavson Associates
5757 Central Ave. Suite D
Bolder, CO 80301



 AUTHORS: Hrayr Agnerian, M.Sc., P. Geo. John T. Postle, P. Eng.
RPA - Roscoe Postle Associates, Inc.  Toronto, Ontario, Vancouver, Rouyn-Noranda, Quebec

  RPA Report estimates that the Chloride Copper Project contains an indicated resource of 2.22 million tons grading 0.625% TCu (total copper) at a cut-off grade of 0.03% TCu and 10 ft. minimum vertical 

Past exploration (seismic survey by Arimetco) results suggest that a paleochannel similiar to the one hosting the Emerald Isle deposit may be present south of the current open pit. Additional surveying and test drilling are planned for the area north of the existing pit.

 The just released Rizzo Report increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources.  Based on the forgoing, it is safe to assume that the current known resources would
provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.


J. Rod Martin's 5277 Partners LLC listed as 8.2% owner of SIRG with 9,700,000 shares - dated 10/05/2010. SEC Schedule 13d


 Board of Directors
J. Rod Martin was appointed as Chief Executive Officer of Sierra Resource Group Inc.,
effective August 26, 2011.  He replaced the deceased Patrick R. Champney in late August. 
Mr. Martin, age 49, is the Founder and current Managing Partner of Blackpool Partners, LLC. Prior
to joining our Company, Mr. Martin was President and Director of Brampton Crest International Inc.
from 2005-2006. From 2001 through 2002, Mr. Martin acted as an independent consultant and in
2003, was a founding member of Brampton Crest. From 1999-2001 Mr. Martin served as 
Chairman of the Board of Directors of GSociety, Inc. a niche market media/entertainment company. 
Mr. Martin has worked as an independent investment banker and acted as a consultant to public 
and private companies for over 20 years, also acting in a managerial and Senior VP Position 
of a national brokerage from 1987to 1990. Mr. Martin began his working career as Director of
Marketing and Sales for Martin Machinery Company, a family-based industrial machine tool sales
and distribution company. Mr Martin has a B.S. in Marketing and Finance from the
University of Arkansas.   

On May 10, 2012, the Board of Directors by unanimous consent appointed Barton R. Budman as Chief Financial Officer (CFO) of the Company.
  Luis Munoz was appointed as Director of Sierra Resource Group Inc., effective January 7, 2011. General Manager of a business and
legal consultingfirm, Neglex, located in Quito, Ecuador, since August 2009. From 2004 to 2007, Mr. Munoz was a Vice-Chairman of
MN&A - Abogados located in Quito Ecuador. Before that, Mr. Munoz had approximately seven years of additional experience as a business and
legal consultant and general manager. In 2009, he received his Masters in Business Administration (MBA) from INCAE Business School located
in Alajuela, Costa Rica. In 2004, he received a Doctorof Law Degree from Universidad International del Ecuador located in Quito, Ecuador.
He has been the General Manager of Neglex, a business andlegal consulting firm located in Quito, Ecuador since 2009. In June 2011 he was appointed  to the position of Top Legal Advisor for the National Department of Development and State of Ecuador. In this capacity,
Dr. Munoz will provide legal counsel to all Ecuardoran government companies, including oil and mining companies.
  Timothy Benjamin. age 45, is a Manager of Assurant Solutions, Inc. which provides diversified financial services single fee debt and debt products; Manager of DFS Claims Financial Analysis & Reporting since 2003. Mr. Benjamin's previous positions include President of CBMJ Enterprises Inc., performing financial and compliance due diligence on public companies, chief financial officer of GSociety, Inc. and Pelican Properties Int'l Corp., both public companies. He also held supervisory positions with the Federal Reserve Bank of Atlanta for six years. He received his MBS in 1995 and his Bachelor's of BA in 1989, both from Florida International University.

  Michael Rowland, Member #225364 of the Australasian Institute of Mining and Metallurgy (Ausimm) and Qualified Person (Q.P.) for the form
43-101F1; Private consultant in mining geology including photo geology, geotechny, and hydrogeology. He served as Project Manager in the 
Dynasty gold field, exploring and drilling for gold, silver and copper. Prior to 2004, he worked for companies such as COGEMA from France,
RUMICURI from Ecuador,  ECUASAXON and Minera Australiana from Canada and Australia, Vicente Coronel Compania from Ecuador,
Petro-Canada, Fougerolle from France, Coyne et Bellier from France, and the Department of Commerce of France. He received a Geologist
Engineer  degree in 1973 from Escuela Politécnica Nacional, Quito, Ecuador, a Master degree in Geology from Dijon University, France, in 1961,
and a Bachelor degree in Geology from Paris University in 1960. His skill and extensive experience in exploration and exploitation phases of
mining operations qualify him to serve as a director.

  Ricardo Cordon, age 55, is the founder and President of ARC S.A. since 1988, a consulting company specializing in business process optimization and information technology. His clients include some of the largest companies in the Americas including Grupo H, Wal-Mart Central America and Banco Santa Cruz. He has a Ph.D, in Computer Science from Princeton University. His academic experience includes Teaching Assistant and then Research Assistant at Princeton Univiersity 1982-85; Visiting Professor at Francisco Marroquin 1986-87, Rafael Landivar 1988, Del Valle 1989-90 and 1996; Mesoamericana 2001; Dean, School of Science and Technology, Universidad Internaciones, Guatemala.  

On May 2, 2012, the BOD by unanimous written consent appointed Barton R. Budman and Carlos F. Cordon to its Board of Directors. a
Certified Public Account licensed in the state of Florida. He also a member of the Board of Directors. 
Mr. Budman is a Certified Public Accountant licensed in the state of Florida. Since 2007, Mr. Budman has served as the Chief Financial
& Operating Officer for a world renowned mega-yacht manufacturer, chartering company, and real estate investment & development
organization, Broward Yacht & Marine / LPI Holdings, LLC with total annual revenue in excess of $135 million. From 2002 to 2007, Mr. Budman held a
Partner position at a regional accounting and consulting firm, Garcia, Espinosa, Miyares, & Co, where he was instrumental in co-building and managing the firm. While with the accounting firm, Mr. Budman practiced in all areas of public accounting including tax, accounting and auditing, operational business consulting, mergers and acquisitions, litigation support, initial public offerings, SEC compliance, and financial and tax transactional due diligence serving public and  privately held clients. He also worked as a Senior Audit Manager and Consultant for the accounting firm from 1997 to 2000.  From 2000-2002, Mr. Budman served in a variety of executive level financial positions at Tech Inspirations, a venture capital firm based in Miami, and as Chief Financial Officer for XBOX Technologies, a publicly held technology incubator eventually acquired by Microsoft Corporation. Mr. Budman holds  dual BBA degrees in accounting and finance as well as a Masters of Business Administration from the University of Miami. 
Mr. Carlos Cordon, age 52, is the Commercial liaison, since 2011, for the development of telecommunications, mining and energy projects between the Chinese Government Foreign Development Agency and the Central American Business Community.  Founder and Director of Tacontento International Corp,  a chain of Mexican restaurants with more than 20 locations in five countries.  Founder and Director, Los Ranchos, Guatemala, 1994-2011, a steak house chain, with more than a dozen location in 4 countries, including several locations in south Florida. Founder and Director, Yogen Fruz, Central America, Central American Franchisee, 1992-2011, Yogen Fruz is a publicly traded Canadian company and one of the largest frozen yogurt franchising companies in the world.  Founder and Director, Mayan Republic Brand, Guatemala, 1985-1995, a merchandiser of hand loomed textile clothing exported to the US and Europe.  Director and Member Asociación Guatemalteca de Franquicias and Guatemala Rainforest Foundation.  Member Asociación de Gerentes de Guatemala. 


The two major permits for the Chloride Copper Mine are the Aquifer Protection Permit issued by the
Arizona Department of Enviromental Quality (ADEQ) and the approval of the Mining Plan of Operations and
Reclaimation Plan by the United States Bureau of Land Management (BLM)


Pre production operations include a new heap pond, repair of the PLS pond, Reconstruction of the raffinate pond and replacement of heap piping and pumping.
The SX/EW facility needs repairs as well. 
Estimates for the work to re-open the mine are $4,218,829 to $6,741,537


Links to all SIRG SEC Filings


Class A: Authorized shares:  970,000,000
Class A: Total issued and outstanding:  352,520,585
Class A: Total restricted: 51,485,000
Class A: Float: 296,348,085
Class B: Authorized shares 200,000,000
Class B: Total issued and outstanding: 0

Share Structure increased The week of January 24,  2013
Previous Share Structure as follows:
Authorized shares 440,000,000
Total issued and outstanding 347,833,085

As per Pacific Stock Transfer Company on March 11,  2013
Class A: Total issued and outstanding: 379,248,185
That is an increase of 26,727,600 since January 24,  2013 and over 30 million so far this year.

As per Pacific Stock Transfer Company on March 27,  2013
Class A: Total Issued and outstanding 382,862,471
This is an increase of 3,614,286 since March 11,  2013
This is an increase of 35,029,386 so far in 2013

From March 27,  2013 up until April 29, 2013 an additional 4,838,710 shares have been added to the Total Issued and Outstanding.
Class A: Total Issued and Outstanding is now 387,701,181.
The O/S has increased by 39,868,096 since mid January 2013
as of July 5, 2013 as per the Pacific Stock Transfer Company.

The O/S has been increased yet again for the 6th month straight. The O/S now stands at 417,262,585 shares which is an increase of 29,561,404 shares since April 29, 2013 and 62,429,499 since the 3rd week of January 2013.

As per Pacific Stock Transfer Company on August 15,  2013
Authorized Shares 970,000,000
Outstanding Shares 479,865,846
The O/S was  increased by 62,603,261 shares since July 5,  2013
Since the 3rd week of January 2013 the Outstanding shares have increased by 125,032,760 shares. 

 Client Service
Pacific Stock Transfer Company 
4045 S. Spencer Street, Suite 403 
Las Vegas, NV 89119 
Phone: 702-361-3033 Ext 118 
Toll Free: 800.785.PSTC (7782)


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SIRG News: Stocksimpossible.Com Announces One of Their Biggest Stock Alerts of The Fall Coming Tuesday October 7th, 2014 at Market Open. 10/06/2014 09:30:21 AM
#30483  Sticky Note SIRG LATEST DD jufel 09/16/14 08:21:35 PM
#30771   1. SIRG is a US reporting SEC Filer jufel 10/23/14 10:28:08 PM
#30770   I remember that well, they did not want Stargazer1945 10/23/14 03:08:47 PM
#30769   This phrase makes me laugh and I will jufel 10/23/14 02:14:48 PM
#30768   Hi-not sure: it also depends on pand2014 10/22/14 02:29:47 PM
#30767   Only $50 at 0004 !!! vs $2900 at 0003 jufel 10/22/14 01:35:41 PM
#30766   I agree, but until some news is released Stargazer1945 10/22/14 01:25:57 PM
#30765   I don't like staring at .0003 with no volume.... joseytheoutlawwales 10/22/14 12:37:04 PM
#30764   Yep they bought the additional 20% for around rickjc 10/22/14 10:58:23 AM
#30763   Ok good point! jufel 10/22/14 10:28:29 AM
#30762   Should probably add that no quarterly or annual Stargazer1945 10/22/14 09:33:28 AM
#30761   Excelent Stargazer. Looks like your post covers most jufel 10/21/14 09:26:54 PM
#30760   Jufuel... Sierra complaints... Stargazer1945 10/21/14 04:21:42 PM
#30759   Hi Jufel - :) pand2014 10/21/14 02:50:58 PM
#30758   Thanks Stargazer. I'll wait until Friday then I jufel 10/21/14 01:33:32 PM
#30757   I had the same experience when Rod was CEO. rickjc 10/21/14 01:24:44 PM
#30756   Basically the same thing happened to me when jmhgolf 10/21/14 12:41:15 PM
#30755   The reporter for the Kingman Miner emailed and Stargazer1945 10/21/14 12:36:58 PM
#30754   Not a whole lot happening here. sigh... rickjc 10/21/14 10:32:10 AM
#30753   Maybe a call from the SEC will wake jufel 10/20/14 12:30:30 PM
#30752   I'm still waiting on my call back. Nothing jmhgolf 10/20/14 11:28:59 AM
#30751   If this week I dont get info from jufel 10/20/14 10:28:19 AM
#30750,uu[305,a]dacayaci[pb20!b50][dg][/chart mick 10/18/14 05:05:46 PM
#30749   SIRG doesn't seem to have any leadership. Who's rickjc 10/18/14 12:51:37 PM
#30748   Well said pand2014... Stargazer1945 10/17/14 03:08:36 PM
#30747   Not entertaining-but in case like pand2014 10/17/14 02:34:50 PM
#30746   Yea nice work Stargazer. This one certainly PurplePennyPumper 10/17/14 02:30:51 PM
#30745   Sirg a real Saga :) pand2014 10/17/14 01:33:06 PM
#30743   We have a plan... Stargazer1945 10/16/14 10:11:33 PM
#30742   Here is a link to the SEC to jufel 10/16/14 09:15:00 PM
#30741   Great Post Stargazer!!! jufel 10/16/14 09:04:24 PM
#30740   Good job stargazer :) and thank you arcticbutterfly 10/16/14 03:54:00 PM
#30739   Agreed joseytheoutlawwales 10/16/14 03:39:31 PM
#30738   I have asked the Kingmna Miner Reporter to Stargazer1945 10/16/14 03:16:21 PM
#30737   If he does not respond, unfortunately our recourse joseytheoutlawwales 10/16/14 02:45:25 PM
#30736   You're welcomed :) pand2014 10/16/14 02:11:27 PM
#30735   Thanks Pand for the reading. jufel 10/16/14 01:59:17 PM
#30734   Hi Jufel, please read this: pand2014 10/16/14 01:42:20 PM
#30733   Sirg-no panic sales. jufel 10/16/14 01:35:28 PM
#30732   Sirg-no panic sales. pand2014 10/16/14 12:39:40 PM
#30731   Panic selling this AM. what a joke!! jufel 10/16/14 10:18:25 AM
#30730   I sent this to him on 9-25-14, almost Stargazer1945 10/15/14 10:27:09 PM
#30729   Thanks Stargazer jufel 10/15/14 09:24:53 PM
#30728   I just got a note from the Kingman Stargazer1945 10/15/14 05:50:04 PM
#30727   How many shares have you accumulated so far? rickjc 10/15/14 05:49:52 PM
#30726   add another 1.5% here !!! jufel 10/15/14 04:05:59 PM
#30725   Sirg : you're great :) pand2014 10/15/14 12:42:05 PM
#30724   Try closer to 10... Stargazer1945 10/15/14 12:37:17 PM
#30723   Probably closer to 5%.:) jmhgolf 10/15/14 12:33:44 PM
#30722   It's was (702) 462-7285. Still no call back. jmhgolf 10/15/14 12:28:28 PM
#30721   Golf, was it the main #? If joseytheoutlawwales 10/15/14 12:19:15 PM