Fidelity SPDR Advertisement
Home > Boards > US OTC > Mining/Resources >

Sierra Resource Group Inc. (SIRG)

SIRG RSS Feed
Add SIRG Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator mick, doinit, jufel, pinthetail, rickjc
Search This Board:
Last Post: 9/29/2014 3:55:53 PM - Followers: 250 - 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
303-443-2009

 


A NI 43-101 TECHNICAL REPORT ON THE EMERALD ISLE (NOW THE CHLORIDE COPPER MINE) COPPER DEPOSIT was  PREPARED FOR STE-GENEVIEVE RESOURCES LTD. on March 10, 2006

 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. 


http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf

                


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. 
 

SIERRA RESOURCE GROUP DOCUMENTS
 

PERMITS
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

http://www.otcmarkets.com/stock/SIRG/filings

http://sec.gov/cgi-bin/browse-edgar?company=sierra+resource+group&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany


SHARE STRUCTURE

 
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)





 

                                                                                  SIRG LONG TERM DAILY CHART



 
6 MOS CARMEL, DAILY, 8-34MA, RSI, MACD, VOLUME, ICHIM CLOUD,


 

 
                                                                                                                     
 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
SIRG
Current Price
Volume:
Bid Ask Day's Range
Wiki
PostSubject
#30483  Sticky Note SIRG LATEST DD jufel 09/16/14 08:21:35 PM
#30580   Thanks Chris ...see ya at pennyland!!!! jufel 09/29/14 03:55:53 PM
#30579   Do we have volunteers for painting the ask? jufel 09/29/14 03:51:49 PM
#30577   .0003 trading lol where is the-pumpy-dumpyy-selling-everything-i-hold-goodbye-my sirg friends-this chris12 09/29/14 01:50:16 PM
#30576   Hi, they have made a sticky with this pand2014 09/29/14 12:36:09 PM
#30575   Hi Jufel, thanks for your reply. pand2014 09/29/14 12:33:52 PM
#30574   Nothing wrong Just one seller sold out 2 jufel 09/29/14 12:30:59 PM
#30573   Hi Jufel, what's happening? pand2014 09/29/14 12:23:16 PM
#30572   I 'm out of funds for now . jufel 09/29/14 12:06:02 PM
#30571   I have shown my DD to some ihubers jufel 09/29/14 12:02:20 PM
#30570   Problem is no one really knows about the joseytheoutlawwales 09/29/14 11:59:27 AM
#30569   Actually I was the buyer at 6. I jufel 09/29/14 11:58:33 AM
#30568   It was orchestrated, had to be. There joseytheoutlawwales 09/29/14 11:53:52 AM
#30567   Who is selling out at this low low jufel 09/29/14 11:51:55 AM
#30566   Somebody wanted out joseytheoutlawwales 09/29/14 11:49:52 AM
#30565   Not me this time ;.) Not many sellers down joseytheoutlawwales 09/29/14 11:28:10 AM
#30564   LEAVING TRIPS ONCE AGAIN-SIRGASK-MOVING-UP-BY-THE-TRADE-READY-LETS-RUN-TO-.025-A chris12 09/29/14 10:28:26 AM
#30563   We have some volume this AM. jufel 09/29/14 10:24:05 AM
#30562   It is the same one I put in jufel 09/27/14 01:22:57 PM
#30561   This link was provided by LMCAT: rickjc 09/26/14 11:26:32 PM
#30560   ih.advfn.com/p.php?pid=staticchart&s=sirg&p=0&t=17&showctype=1&width=336& mick 09/26/14 09:30:29 PM
#30559   It'll be interesting when the market at large joseytheoutlawwales 09/26/14 03:31:41 PM
#30558   Nice buys...when News come they might become $60K!!! jufel 09/26/14 02:27:28 PM
#30557   Sirg :) - shareholders believe pand2014 09/26/14 01:58:10 PM
#30556   That was me joseytheoutlawwales 09/26/14 01:53:25 PM
#30555   Wake Up People we have some action rite now!!! jufel 09/26/14 12:56:31 PM
#30554   Thanks Stargazer jufel 09/24/14 08:39:47 AM
#30553   I agree with your thinking Jufel. joseytheoutlawwales 09/23/14 06:19:57 PM
#30552   ...but in several of the KC and RRA jufel 09/23/14 04:08:38 PM
#30551   Thank you... Stargazer1945 09/23/14 04:08:21 PM
#30550   This is the one I have jufel 09/23/14 04:01:22 PM
#30549   I just received an email from a reporter Stargazer1945 09/23/14 03:24:51 PM
#30548   I also noticed that on the gold mine Stargazer1945 09/23/14 03:15:42 PM
#30547   Your answer is confusing. I'm not starting any rumors, joseytheoutlawwales 09/23/14 02:45:44 PM
#30546   Hi, you see-as I said so many rumors pand2014 09/23/14 02:43:28 PM
#30545   Concerning thing is did any of the progress joseytheoutlawwales 09/23/14 02:37:42 PM
#30544   $SIRG ~CHRIS12~ NEWS AT 4 TODAY. GOING TO idig 09/23/14 02:32:36 PM
#30543   $SIRG ~NEW CEO?~NEW OFFICE?~ THIS MAY RUN SOON idig 09/23/14 02:18:50 PM
#30542   Jufel, I called Pacific Stock Transfer and the Stargazer1945 09/23/14 01:53:45 PM
#30541   yeap I'm very bullish on SIRG. Certainly the jufel 09/23/14 12:59:32 PM
#30540   hi Jufel, what I see is pand2014 09/23/14 12:56:34 PM
#30539   If Sirg is SEC compliance wonder why jufel 09/23/14 12:51:14 PM
#30538   So it's true? No more Rod Martin? pand2014 09/23/14 12:46:21 PM
#30537   IMO,Timothy Benjamin is an interim CEO. jufel 09/23/14 12:45:18 PM
#30536   Sirg-for real :) pand2014 09/23/14 12:33:58 PM
#30535   NEWS TODAY 4;05 TUESDAY-OH-YEEEEEEEEEAAAAAAAAAA-SIRG-READY-TO-PUMP-AND-DUMP-OH-Y chris12 09/23/14 11:34:40 AM
#30534   $SIRG ONE DAY WILL EXPLODE $$$$ idig 09/22/14 10:06:35 PM
#30533   https://www.redrockassets.com/project_1_summary.php Red Rock Assets [RRA] mentions: jufel 09/21/14 10:10:29 PM
#30532   Sirg-Friday's trade :) pand2014 09/20/14 02:07:06 AM
#30531   Maybe a Buyout is coming now that everything jufel 09/19/14 08:30:58 PM
#30530   I did. Wouldn't hurt to have someone else rickjc 09/19/14 03:03:09 PM
PostSubject