SNEY is basically a start-up with 2 parts (projects) to the company, Sierra Leone and Ghana.
Sierra Leone operations have started and extracted product form the Pampana River.
We have been updated that the company was happy with the results. Ghana operations are next to get busy.
The company by no means have hit their intended goals, however the process is started and we will continue our operations in Sierra Leone and get started in Ghana.
The financials are definitely a pain in the butt. They will and must get done (the sooner the better), however all things considered SNEY has made great strides since acquiring Allied Mining and Supply Ltd eleven months ago.
We work closely with the local Chief and his people and currently we employ a total of 50 men and women and rank number two behind African Minerals, the largest iron ore producer in Sierra Leone, in total number of employees in the Tonkolli district. Community relations are strong as we are bringing new prosperity to this community"
Our new processing equipment described in our June 2, 2011 Press Release is being prepared for shipping so the free gold and rare earths can be separated and upgraded through a single simple gravity separation operation. A small crushing circuit to enhance separation will be added to the shipment.
Bryan Miller, President comments:
Ghana Operations:
Sunergy Inc. (the "Company") (SNEY.PK) announces its plans to mobilize its revenue generating gold bulk sampling program on its Nyinahin gold concession in Ghana, West Africa. The recent increase in the price of gold to more than $1,800/tr. oz. has served as a reminder of the great potential for gold recovery from Sunergy's Nyinahin Concession.
During Q'4 2011 we plan to test and evaluate the alluvial gold recovery potential on our Concession. We plan to do this by bulk sampling existing artisan pits along the river on our concession and to excavate a grid system of new pits to establish continuity of mineralization and to evaluate the depth of both overburden and the thickness of gold bearing gravels to bedrock. We also plan to test bedrock on the ground surface in the bottom of the pits and to drill to depth to test for gold mineralization. Our program is designed to be revenue generating with a planned budget of around $250,000.00 US which could enable potential recovery of an estimated 500oz./gold which would generate about $900,000.00 of gross revenue from the program. Our plan involves either leasing a suitable gold recovery plant or joint venturing with another operator with suitable equipment. The permitting for the operation will commence shortly.
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