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Tuesday, November 29, 2011 12:39:04 PM
Sheets:SGCP) announces new concession acquisition.
Sierra Gold Corporation is pleased to announce it has reached an agreement with
local land owners, village chief, elders and the Paramount Chief to acquire a
further 4 concessions on the Pampana River. Surface rents have been paid and
concession demarcation and licensing is underway.
The concessions selected are far to the north/east on the Pampana River toward
the Sula Mountains, which are considered to be the major host body for gold in
the Pampana River. Historical records as stated by village elders indicate that
while exploration has occurred in the past in this area, river dredging has
never taken place. The company is excited about its prospects in the upcoming
mining season.
Further, Sierra Gold Corporation announces that shoreline dredging commenced
today on one of the previously announced Pampana concessions.
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