Thursday, August 21, 2008 1:36:52 PM
The 8-inch fifty ton dredge was transported this week to Sierra Gold's Sewa River concession licensed by its joint venture partner. The Sewa River is well known for its richness in both gold and diamonds. The company has done preliminary testing on the property to substantiate the presence of gold and is now ready to move forward. The gold extracted from the Sewa River will increase the company's potential gold reserves.
Doug Evans, CEO of Sierra Gold, commented: "I am presently in Sierra Leone to supervise the setup of the dredge operations and to attend local ceremonies hosted by the paramount chiefs. This equipment will allow the company to move to another level of gold production. We are excited about the expansion to the Sewa River and the opportunity to be able to mine throughout the year. We look forward to the opportunity to increase the company's value through increased gold production."
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest growing gold producing areas worldwide.
Safe Harbor: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. 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 GlobeNewswire, www.globenewswire.com
SOURCE: Sierra Gold Corporation
Sierra Gold
Doug Evans
416 200-6966
www.sierragoldcorp.com
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