This recent alluvial activity suggests the strong viability of the alluvial opportunity on our concession and alluvial Joint Venture partners are being sought at this time.
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The large area west of the Offin River area contain some significant geological anomalies that warrant additional exploration activities. In the overall, this concession represents a significant future development opportunity for our Company.
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Our activities have been designed to make ready for renewed aggressive exploration activity once the Caveat Emptor status is removed and we have greater ability to attract exploration and development capital in 2012.
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Once additional mineralogical studies are completed, under the control and supervision of Sunergy board advisor, Alexander Beckmann, we are committed to opening up an entirely new area in the mining sector in Sierra Leone subject to our ability to raise additional capital. We expect to receive the results of these studies during the third quarter 2012.
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