American Sierra Gold Corp (AMNP)

[E-Double-L]

News for 'AMNP' - (American Sierra Gold to form joint venture with Trinity Alps Resources Deal In Brief)


Oct 21, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- American
Sierra Gold Corp, a US-based independent gold exploration company, has signed a
joint venture agreement with Trinity Alps Resources, Inc. to acquire a 75% stake
in the Discovery Day Gold Project.

The Discovery Day Gold Project covers over 950 acres and controls the entire
Knownothing Mining district in northern California, which includes the four
principal mines - the Gilta, Discovery Day, Hansen, and Knownothing and several
other smaller mines and prospects.

Under the terms of the joint venture agreement, American Sierra has agreed to
invest $2 million in the property over a period of two years in order to earn a
75% stake in the project. In addition, American Sierra agreed to issue 2 million
shares and 2 million five-year warrants of American Sierra Gold stock to the
vendor of the project over the same period.



Deal Type Partnership

Sub-Category Joint Venture

Deal Status Announced: 2009-10-20



Deal Participants



Partner 1 (Company) Trinity Alps Resources, Inc.

Partner 2 (Company) American Sierra Gold Corp.