Western Sierra Reaches Operational Milestones
PRESCOTT, Ariz., Aug 06, 2010 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) has reached an operational milestone in its long-range development plans. Western has now had two consecutive quarters of positive earnings and expects to remain in positive territory through the remainder of the year. The Company has also filed its Initial Disclosure statement with Pink Sheets and moved up to the Current Information reporting level.
Mr. Dennis Atkins, Chief Financial Officer, when asked about the current status of the company, said, "It is gratifying to see initial results from our long-term objectives set out in 2009. We have been able to significantly enhance the balance sheet and create positive cash flow through our mine sale/lease programs. We have also completed our move up to the Current Information status on Pink Sheets. We will use some of this positive cash flow to continue our aggressive acquisition program and bring selected other mine assets into production."
About Western Sierra Mining Corp.
Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Current projects include Gold Basin, SunGold, Oro Cache, Eagle, Treasure Gulch and the Big Chief mining group, all of which have demonstrated high-grade mineralization with previous histories of production. Long-term Company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production.
Statement for Forward-Looking Information
Certain information set forth herein contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, exploration efforts, financing needs, plans or intentions relating to acquisitions by the Company and other information that is not historical information. The word "estimates," "expects," "anticipates," "forecast," "plans," "intends," "believes" and variations of such words or similar expressions are intended to identify forward-looking statements.
The Company's forward-looking statements are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurances that management's expectations, beliefs, and projections will result or be achieved or accomplished. The Company's forward-looking statements apply only as of the date made.
SOURCE: Western Sierra Mining Corp.
CONTACT:
Western Sierra Mining Corp. Michael Chaffee, CEO 928-680-5513
Copyright Business Wire 2010
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KEYWORD: United States
North America
Arizona
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
