Replies to post #42915 on ~*~Mining and Metals Du Jour~*~

[JohnCM]

Western Sierra Resource Corporation Enters Talks to Acquire Majority Stake in a Gold Mining Operation With Enhanced Recovery Net Income Projected at $3.2 Billion
June 22, 2021 09:30 ET | Source: Western Sierra Resource Corporation

STEAMBOAT SPRINGS, Colo., June 22, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to announce that it has entered into negotiations with Silver State Mining Group, Inc. (“SSMG”) to acquire 70% of its common stock. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. The Sage Hen claims are located adjacent to the Relief Canyon Mine in the Oreana Tend. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium and rhodium. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. We look forward to providing further details and timely updates on the company's progress.