Jan 25, 2011 (Close-Up Media via COMTEX) -- Western Sierra Mining Corp. has concluded the sale of the SunGold and Treasure Gulch mines to VHGI Corp., and moves forward to acquire and develop new properties.
Dennis Atkins, Chief Financial Officer, when asked about the transaction said, "With the sale finalized, Western is now in a position to focus its resources and efforts toward the acquisition, exploration and development of the prospective mining properties we have been reviewing for the past 18 months. We are very excited about the potential of some of these properties, and look forward to their possible acquisition and development. In addition, Western and VHGI are discussing the possibilities of forming a joint venture to further develop the Treasure Gulch Mine."
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.
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Source: Comtex Wall Street News
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