GEAR PR from last week more to come
(The acquisition of Western Sierra will provide GEAR with a strategic partner in the precious metals mining industry and will represent a major step forward for GEAR in its strategy of becoming a significant mining and ore processing company.
Western Sierra is a 1903 mining company focusing on exploration, mine development and operations. The Company performs independent and third party mine valuations, mine engineering, NI 43-101 services, investor certifications and contract mining. The Company has over 2,000 shareholders, total assets of $9.3 million, a book value of $7.8 million and $270,000 of cash restricted for mine development. The Company owns numerous mining claims including Gold Crown, Table Mesa, Gold Star, Oro Cache, Eagle and Big Chief. These claims consist of over 1,000 acres and contain total gold mineral resources in excess of $361 million and total silver mineral resources of $29 million. The Company has several mine operating contracts in place. *)
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