LATEST NEWS - Paul C. Rizzo and Associates Inc. to Reengineer and Perform Metallurgical Tests to Bring Sierra Resource Group's Chloride Coper Mine Into Production
KINGMAN, Ariz.., March 7, 2012 /PRNewswire/ -- Sierra Resource Group, Inc. (OTCBB: SIRG) (the "Company") announced today that it has engaged Paul C. Rizzo Associates, Inc. (www.rizzoassoc.com) ("Rizzo Associates") to identify, prioritize, and schedule the necessary activities to bring the processing operation at the Chloride Copper Mine into production. Rizzo Associates is an award-winning firm specializing in all aspects of the civil engineering and earth sciences fields for the dams, nuclear power plants, and tunneling industries.
On January 25, 2012, representatives of Rizzo Associates completed a site visit of the Chloride Copper Mine. The Rizzo Associates team consisted of Dr. Ananda (Andy) Chakrabarti, Senior Consultant, and K. Michael Cline, Principal Geologist. The purpose of the site visit was to provide an independent assessment of the plant, mill tailings, and general site conditions for supporting the Company in bringing the existing SX/EW Plant at the Mine back into full operation. The Plant has been idle since 1996.
On February 21, 2012, Rizzo Associates issued a "Trip Letter Report to Assess Status of the Chloride Copper Mine" to the Company. According to the "Trip Letter Report: "The SX/EW Plant is in good condition; however, in need of minor refurbishment and the replacement of some supporting equipment, but most of the equipment can be used and the Plant can be brought back into working condition within a reasonable timeframe and limited expense." The Company has not currently defined "reasonable timeframe" or "limited expense."
"We are extremely pleased to have the Rizzo team working to bring the mine back into production and beginning work to improve the accuracy of our reserve estimate," says J. Rod Martin Chief Executive Officer of the Company.