I appreciate the most recent PR in stating that SGCP is now in production. I am here for the long term opportunity that SGCP offers. Our small group of investors have about 3% of the reported outstanding shares. We are here for the future. Using my analytical approach I would like to see some more detail on subjects that have been introduced by SGCP on the web site. The following are excerpts from the tabs for Field Reports and Property. Looking back on these some activity was reported or planned when those entries were composed. It would be nice to have updates on those areas bolded below.
ZIMMI
In the fall of 2008 properties on the Mano River that extend to the Atlantic Ocean were introduced to the company in the Zimmi district of Sierra Leone. After completing its due diligence, the company, commenced and completed the formalities with the paramount chief and land owners, the result of which was the licensing of the property. Currently the site and logistic preparations are underway and it is the company’s intent to commence mining operation by end of 2008. The Zimmi area, while well known for the world’s most beautiful Vivid Yellow diamonds, is also rich in gold bearing sediments in certain areas.
SEWA RIVER
In the spring of 2008 two separate properties were introduced to the company in the southern district of Sierra Leone, near the city of Bo. After completing its due diligence, the company, through its local joint venture partner, commenced and completed the formalities with the paramount chief and local landowners, the result of which was the licensing of both properties. In addition, a Joint Venture arrangement was entered into whereby an 8” dredge was secured, transported to the site and is now operational. Dredging operations began in September. Additional equipment was secured for the second Sewa property in July. Currently the site and logistical preparations are underway and it is the company’s intent to commence mining operations in the 4th quarter of 2008. The Sewa River, while well known for its diamond production, is also rich in gold bearing sediments in certain areas.
PAMPANA RIVER
In 2005, geologist Hendrik Veldhuyzen completed a 43101 (competent person) report on the Pampana River licensed area deeming it a property of merit. He recommended that exploration be continued and subsequently a dredging program be commenced to develop cash flow for the company. In 2006-2007 the exploration program, as laid out by Hendrik, was continued and successfully completed in 2007. The results of the exploration phase were very positive and we were ready to move to the operations phase of the project. In 2008, a specific mining site was selected. Processing equipment which was ordered in November 2007, has been shipped and is scheduled to arrive in October of this year. Licensing, logistical and site preparation are under way in order to commence operations in the 4th quarter of 2008.
JOINT VENTURES (JV):
Joint venture areas by district; Updates needed for each of these areas
1. Kono district Sierra gold corp. has 2 joint ventures located in Tefeya and Sandia
2. Konduga district Sierra gold corp. has 2 joint ventures in Bafodia and 2 joint ventures north of Kabala
3. Tonkolli district Sierra gold corp. has a large joint venture on the Pampana river east of our 40 sq/km concession
4. Mali joint venture is located outside of Bamako which is on the Mali/Guinea border
“The company continues to expand these types of relationships and has recently been introduced to an 8th Joint Venture in the country of Mali. There, the licensing process has been completed and initial operations are scheduled to begin in October. Mali is well known for its gold production. It is the third largest gold producer in Africa. In future updates, we will report on the JV as a separate project and it will appear under its own heading.”
Hopefully each of these activities could be addressed/updated either in a PR or on the web site to inform the investors of current activity/status.
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