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thats whaat everyone is hoping!!
yeah no kidding ... you spot anything exciting??
At least something helps out!
Very true Carnac, if the company sets timelines, they should keep them ... and then PR and let us know whats next on the agenda ...
Yeah no kidding ... hope is something we all have though ... I have a feeling things will get done ... exploration plays are long term plays and we are in the midst of all the annoying steps right now ... its coming ... in due time
Lets make some coin, Wisey!!
Sunergy, Inc. (the "Company") (PINKSHEETS: SNEY) reports that on September 1, 2010 we signed a Letter of Intent and Agreement in Principle with Allied Mining and Supply, LLC (Nevada) to acquire 100% of their Company. Allied is engaged in the licensed exploration and development of prime alluvial gold and diamond properties in Sierra Leone, West Africa. It has business and export licenses for Sierra Leone. It is exploring, dredging and bulk sampling in a number of areas within its concession territory of 140.1 square kilometers on the Pampana River, licensed in 2009.
The LOI contemplates a Definitive Written Agreement to be finalized within 30 days from execution and a total due diligence period of 90 days. The Company anticipates a prompt resolution to finalizing this transaction.
Sunergy Chairman P. K. Medhi says: "It is exciting to have the opportunity to expand our West African mining operations into Sierra Leone on an advanced property with management and a quality operations team already in place. Their vision is similar to ours, which is to grow by acquisition, and we welcome the Allied Team to the Sunergy Family. Having spent time with Allied's principals, integration into Sunergy's overall operations plan will be relatively easy and be accretive to shareholder value. We are targeting additional rapid growth in Ghana and Sierra Leone as well as other African near term gold production opportunities."
The property is in the heart of one of Sierra Leone's richest alluvial gold mining fields, South of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of the capital, Freetown. With gold over $1,200 per ounce, high tonnage alluvial mining is extremely attractive. Assay results from a recent sampling program (completed spring 2010) reveal widespread and commercially minable alluvial deposits of Rare Earth and transition metals in addition to gold values.
Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the prospect that states the property "... is a property of merit and should receive continued exploration efforts" and that "the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit" (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone).
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths.
These sands are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg/tonne rich black sands easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate placer mining. Inspection of artisanal mining and prospecting sites within the license area show black sands throughout the claims.
Canadian mining equipment manufacturer RMS Ross is in the process of designing recovery and separation circuits based on analysis and specific composition of heavy sands. Terry Plummer, RMS Ross President, says: "The black sands are quite probably worth as much or more as the free gold, especially since an average of 17g/ton of gold is still contained in the black sands concentrate after the free gold has been recovered."
I've been watching over the past several days ... I'm always hopeful, my man ...
Good day to all Green traders!!
GOOD MORNING RATS!
Goodd day to everyone!!
what happened to 434????
I'm still holding some TYTN ... would be nice if it starts up again soon
I hear ya ! I hear ya!!!
A little bit of this and that .... I have actually been quite busy and away most of this summer ... I'll be picking up some new stocks after Labor Day ... you have anything exciting???
Is everyone hiding today???
Black Dragon Resource Companies, Inc. ("the Company," "Dragon") (Pink Sheets:BDGR) is pleased to announce today that Black Dragon oil leases shipped 2621 gross barrels of oil in the month of August, an increase of 221 gross barrels over July. The company was able to increase its production by increasing its total wells online to 23. This number excludes the Humble EOR Project which has now begun the EOR phase which is expected to substantially increase oil flow rates.
Black Dragon expects a dramatic improvement in next month's production numbers as it begins using its new system of putting 21 wells online minimum per month which will be achieved by having 3 rigs working in the field, each turning on at least 7 wells per month. Management estimates the company will do 3,061 gross barrels of production next month excluding the Humble EOR Project. The company is on track to meet its December 31st revenue and production objectives.
I go there quite alot ... but thanks for the invitation
what stocks are you holding??
And what goes up, must come down ...
Hey Bubba! any thoughts on what we will see this morning??
Good morning everyone ... anyone have any thoughts on how this will move beyond Labor Day??
GOOD MORNING TO THE MESAQ CREW!!
GOOD MORNING TO ALL !!!
Hey surgeon! all is good, hope things are going ok for you!
Any time bro ... just looking forward to the weekend
Did anyone say diablo??
Thanks for enjoying my posts ... my words are very eloquent ...
Good morning to all rats!
Can anything be bigger than 434??? It's gonna be a circus in here next week!
Hey there ... nice to see you back on the boards!
Good morning to the Green Arrow crew!
I think everyone is hoping for the same!!
Why would you not wanna give it to her???
You should give it to her ...
Hey!! you trying to talk about my girls!!!???
Good weekend sir!!
Good morning to all Rats!
Good day JC! Whats shaking ??? Big pick coming next week!!???
whats the deal with EWPI ???