News out this am...
(COMTEX) B: Sierra Gold's Pampana Concession Classified as 'Property of Me
it' ( PrimeZone )
B: Sierra Gold's Pampana Concession Classified as 'Property of Merit' ( PrimeZon
)
LAS VEGAS, Oct 3, 2006 (PrimeZone Media Network via COMTEX) --
Sierra Gold Corporation (Pink Sheets:SGCP) Geologist, Hendrik Veldhuyzen
(BSc,MSc), was commissioned to complete a 43-101 / Competent Person's Report
for the company's Pampana North concession.
His report dated April 12th, 2006 classified Pampana North as a 'Property of
Merit' warranting acquisition and further exploration for both alluvial
gravels and for hard rock quartz vein systems. The northeast section of the
property contains the one known bedrock gold vein potential, 1200 feet long,
and located 9 km. from the Yirisen gold deposit. Historical geological data
has determined Yirisen to be the largest gold vein deposit in Sierra Leone.
The mining rights to this deposit which lies adjacent to Sierra's property
belong to Mano River Resources Inc. (AIM: MANA). In his report, Mr.
Veldhuyzen also noted the potential of diamonds from material found in
gravels similar to that found in Kimberlites.
The greenstone belts of West Africa have had a long history of placer gold
mining and prospecting. Similar greenstone belts around the world commonly
contain major gold deposits. This is main reason why West Africa is the
second fastest growing gold producing regions in the world. No assurance can
be given that past or similar results of gold mining will be indicative of
future results.
An ongoing program of basic exploration data collection and an aggressive
investigation to define possible mine-able alluvial and hard rock resources
has been recommended by the company's consulting geologist. Mr. Veldhuyzen is
a professional geologist registered with the Association of Professional
Engineers and Geoscientists of Newfoundland and L'Ordre Des Geologues Du
Quebec. He has had 27 years of full-time international field work with a
variety of worldwide corporations.
Safe Harbor: This news release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 (The
"Act"). In particular, when used in the preceding of discussion, the words
"pleased", "plan", "confident that," "believe," "expect," or "intent to" and
similar conditional expressions are intended to identity forward-looking
statements within the meaning of the Act and are subject to the safe harbor
created by the Act. Such statements are subject to certain risks and
uncertainties and actual results could differ materially from those expressed
in any of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, market conditions, general acceptance of the
company's products and technologies, competitive factors, the ability to
successfully complete additional financings and other risks in the company's
SEC reports and filings.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Sierra Gold Corporation
Investment Strategies, LLC
Jeremy Hunt, Corporate Consultant
(304) 523-3980
jhunt@invstrategies.com
(C) Copyright 2002 PrimeZone Media Network, Inc. All rights reserved.
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AI
