I was told there were less than 150 mil shares O/S after the wash plants had already been aquired and supposed to be in transit.
Its true there were other JV's in Operation at the time.
TORONTO, March 27, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corp. (Pink Sheets:SGCP) today announced that the Company has concluded negotiations and executed licensing agreements with six villages in two different Chiefdoms in the Tonkalili district of Sierra Leone -- through which Sierra Gold Corp. and the local populations are jointly mining more than nine separate parcels of land that have exhibited evidence of high-grade gold deposits within Chiefdom borders.
Furthermore, the Company reported that all nine Joint Venture parcels have initiated alluvial gold extraction and production operations as of March 24th, 2008 while the longest-running Joint Venture parcel, one that Sierra Gold launched in December of 2007, has been producing approximately 1kg au per month since it came online. The Company anticipates that the new Joint Venture properties will yield an aggregate monthly production of 2 kg au (gold). Gross profits from successful Joint Venture parcel development, estimated by the company at more than $450 per ounce, will go to expanded operations in the region and increase production capacity.
Its not true that the wash plants were never slated for the Pampana River. Its their portability which made that possible.
It's just false to claim otherwise. The wash plants were clearly aquired to be placed at the Pampana Concession.
FREETOWN, Sierra Leone, April 16, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corp. (Pink Sheets:SGCP) today announced that the Company has received confirmation of the delivery schedule for two self-contained high tech gold processing plants previously ordered by the Company in November 2007. The plants will be ready for shipping to Sierra Leone no later than May 1, 2008. Assuming 8-10 weeks for delivery to Freetown and an additional 2-3 weeks for delivery to the Pampana Gold Concession property and recently announced Joint Venture properties, the new portable units should be in production no later than August, 2008.
The two gold processing plants will enable Sierra Gold to process up to 20 tons of earth per hour, 10 tons per unit per hour at its mining sites, speeding up the existing gold production process considerably. Additionally, the portability of the two units will enable the company to move the gold processing plants to whatever location they deem appropriate.
Ideally suited for alluvial/placer operations, hard rock mines or sand and gravel operations, the gravity separating technology allows for cost-effective gravity separation of materials of differing densities utilizing a revolutionary, patented transverse spiral belt separator which helps the system boast recovery rates of 95%-98%. Additionally, this technology offers an environmentally friendly process with no chemicals and reduced water use.
Doug Evans, CEO of Sierra Gold, commented, "After a lengthy back ordering wait, we are very excited at the prospect that our state-of-the-art processing units will be at our production sites and in production in a mere matter of weeks. Currently we are using rudimentary and inefficient manual separation processes that utilize local labor. As such we have only been able to extract 1 Kg per month on average from the Pampana Gold Concession." He continued, "With these two units in place, processing up to 20 tons of earth per hour, we should be able to speed up production and monthly yield by a factor of 10 times or more in the short term."
Everything I have ever stated is true and easily verified.
Maybe you should do some homework yourself and see what the company actually claimed themselves before your totally unsubstantiated No substance claims.
The news Releases are fairly explicit, its the company making their own claims I didn't write them.
The company did use them to pump the crap out of the area and hard rock mining claims to draw investors to develop those properties.
Simply abandoning them without a word is sub standard even for pinkies.
Do I really have to show you the other PR's stating the wash plants were going to the Pampana?
I think you best get your home work and substance in order.
Here's a freebie
TORONTO, Jan. 22, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) will commence testing operations in new areas of interest in Sierra Leone in February 2008 on a JV basis with the local landowners. Concurrently, it is preparing a portion of its 40.12 sq/km property on the Pampana River for mining operations when the equipment ordered in November 2007 arrives.
Sierra Gold Corporation is a mineral exploration and development company with the goal of adding shareholder value through the acquisition and development of properties of merit
Now what equipment was ordered Nov 2007 must I prove it was the wash plants or do you simply concede the point.
Those wash plants were acquired with every intention of sending them to the Pampana. That region was the sole purpose for doing business in the country in the first place.
Any claims otherwise are false. The intent in the PR's is undeniable no matter how you want to interpret them.
Around the time of the first ever extractions at Pampana I was told there were approx 145 mil shares O/S.
It is truly easy to verify anything I have claimed, you simply have to read the PR's.
Its the other inferences that have no substance.
eye
