As previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2009 (the “Previous Report”), American Sierra Gold Corp. (the “Company”) entered into a Joint Venture Agreement with Trinity Alps Resources, Inc. (“Trinity Alps”) (the “JV Agreement”). All information set forth in the Previous Report is incorporated herein by reference.
As disclosed in the Previous Report, pursuant to the JV Agreement, the Company has the ability to contribute up to a total of $2,000,000 over a period of two (2) years in order to obtain a 75% ownership interest in certain entities owning and operating the mining claims and property known as the Discovery Day Gold Project (the “Claims”), which covers over 950 acres and controls the entire Knownothing Mining District in Northern California.
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