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Friday, April 20, 2012 1:13:49 AM
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The results of the assay reports continue to indicate high levels of gold in our samples and Sierra Gold Corp. acknowledges that a portion of the gold is at the micro level and is not attainable for extraction on site. Sierra Gold will be required to transport the concentrates (black sands) to a processing plant, which may be out of country. The company is currently stockpiling this product with the aim of recovering as much of this micro gold as possible. We continue to explore various options in order to have these AU rich sands processed in a way that will show the return on investment that is profitable for all concerned.
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We know the gold is there in the samples.
We know that it's mostly flour gold and most of it can't be extracted on site.
We know they have several JV's that haven't been announced yet.
We know at least one of these new JV's will be "out of country" refining the black sands.
So I'm excited about the future, even if most of what's left in here (IHUB) are bashers.
Charlie
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