if anyone of you not sure about SNEY....keep reading the following;
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SNEY mega DD the Ultimate $GOLD PLAY$
Sunergy is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. SNEY control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. We are acquisition oriented and are considering several projects suitable for near term production.
what makes SNEY different from all other GOLD PLAYS out and make it THE BEST GOLD PLAY out ?
the answer in simple:
SNEY has just acquired a property of 1,785,714 oz of GOLD valued at $2,3B dollar with an established NI 43-101 Technical Report on it !!!in other words SNEY is acquiring a HUGE GOLD PROVEN property$$$
this valuation does not include the value of Rare Earths mentionned in the PR
Sunergy Closes Acquisition of Allied Mining and Supply, LLC's Large Scale Rare Earth Element (REEs) Deposit Containing Gold and Diamonds in Sierra Leone, West Africa
This property is very special and would add some significant value to SNEY. Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the property. The NI 43-101 indicated that the Pampana North property… “is a property of merit and should receive continued exploration efforts" and that "the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)"
WHAT is the NI 43-101 report and why Gold mine Companies use it ?
The NI 43-101 report is conducted by a "qualified" geologist that will provide a mineral resource classification with certified resource and reserve estimates and mineral exploration reports for the property in question
A qualified person is defined in the National Instrument as:
* is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these; * has experience relevant to the subject matter of the mineral project and the technical report; and * is in good standing with a professional association and, in the case of a foreign association (is of recognised stature within that Organisation)
the report is used for the public disclosure of information relating to mineral properties
Disclosures covered by the NI 43-101 code include press releases of mineral exploration reports,reporting of resources and reserves, presentations, oral comments, and websites. The NI 43-101 covers metalliferous, precious metals and solid energy commodities as well as bulk minerals, dimension stone, precious stones and mineral sands commodities.
the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges
The NI 43-101 was created after the Bre-X scandal to protect investors from unsubstantiated mineral project disclosures
the NI 43-101 report will provide public companies with quality financing options and institutional market access and exposure.
The beauty about the Pampana North property is that 28% of concession area indicated recoverable alluvial gold at over 500,000 oz. (ounces) with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines.
28% = 500,000 oz. of gold, then let’s solve for “x” to determine what oz. = 100% of the concession area.
Or to better solve this equation… 500,000 oz. equals 28% of what number?
Solve for x where… x = Total oz. of Gold for 100% of Pampana North Property
28/100 = 500,000/x
Now let’s cross multiply to solve…
500,000 x 100 = 28x 50,000,000 = 28x 1,785,714.28 oz. = x
So… 1,785,714 oz. = Total oz. of Gold for 100% of Pampana North Property
SNEY/Allied Mining and Supply, LLC was also granted a boundary modification by the Sierra Leone Mines Ministry which added an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths, but I let’s not talk about this now to be include to the valuation below.
SNEY has an individual that is part of their team that has written reports about the quality and validity of their property that has 31 years with the US Department of Energy (DOE) and is the person who headed up the famous Yucca Mountain Project. This person is SNEY has an individual that is part of their team that has written reports about the quality and validity of their property that has 31 years with the US Department of Energy (DOE) and is the person who headed up the famous Yucca Mountain Project. This person is Robert A. Levich, CPG, PG, EurGeol, FSEG, FSGA, Director.
A man with his qualifications would not be here with SNEY doing reports and vouching for them unless he knew that what they have are not just real, but very real. His credentials speak for themselves. Robert A. Levich s the person who is responsible for writing the report below about SNEY’s Nyinahin Prospecting Concession located in Ghana: http://www.sunergygold.com/ALLUVIALGOLDMINING.pdf CPG, PG, EurGeol, FSEG, FSGA, Director.
A man with his qualifications would not be here with SNEY doing reports and vouching for them unless he knew that what they have are not just real, but very real. His credentials speak for themselves. Robert A. Levich is the person who is responsible for writing the report below about SNEY’s Nyinahin Prospecting Concession located in Ghana:
SNEY has acquired a property of 1,785,714 oz of GOLD valued at $2,3B dollar with an established NI 43-101 Technical Report on it
the NI 43-101 report will provide SNEY with a PROVEN VALUATION and also a quality financing options and institutional market access and exposure.
many other GOLD plays out don't have properties with established NI 43-101 reports on them but properties just elligible for the NI 43-101 report based on their drilling results and have taken major runs on their share Prices before even having PROVEN valuation of their finds!!!
SNEY is going to surpass them all with Allied Mining and Supply, LLC acquisition with a NI 43-101 Technical Report on it thus a PROVEN VALUATION of their finds !!
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