Replies to post #22697 on Sierra Resource Group Inc. (fka SIRG)

[thizsukz]

Great Find. Thanks for updating us.

[SaltyMutt]

Great link!

SIRG

[ballstreet]

http://www.google.com/url?sa=t&rct=j&q=chloride%20copper%20mine&source=web&cd=17&ved=0CFcQFjAGOAo&url=http%3A%2F%2Fwww.sierragroupinc.com%2Fwp-content%2Fuploads%2F2012%2F04%2FSIRG-Investor-Presentation-12.8.11.ppt&ei=pDpaUcbJC5bF4APajoHwCw&usg=AFQjCNGsekmKmkjZ45WnV_zn1zyuShHvrg

[microcaps1]

Excellent link-lots of maps-thanks

Since your phone call w BLM lead project person has been twisted as you mention,Todd said COMPLETION by or in summer-some have wrongly painted as meaning nothing will be done til then

The PROCESS continues and MPO and ADEQ could very well be very close as there will be other things -such as EA -based on such -to follow by summer
So since the MPO and aquifer permit(not a new permit but update of a previous permit) are the major permits,their approval could kick in long term investor financing and get the ball rolling towards production prep


The following shows considerable progress in the last year or so:light at the end of the tunnel-with the revised MPO permit approval expected in Dec by BLM by mid Jan 2013 to be a key turning point
I also read the 33 page aquifer permit publication-it is not designed to reject permit either -could find no reference to such a possible scenario-like the MPO it is merely designed to make sure impacts are mitigated with best practices -

SIRG TIMELINE FOR 2012 - Updated - Progress to Production

January 25, 2012, representatives of Rizzo Associates completed a site visit of the Chloride Copper Mine. The Rizzo Associates team consisted of Dr. Ananda (Andy) Chakrabarti, Senior Consultant, and K. Michael Cline, Principal Geologist. The purpose of the site visit was to provide an independent assessment of the plant, mill tailings, and general site conditions for supporting the Company in bringing the existing SX/EW Plant at the Mine back into full operation. The Plant has been idle since 1996.

On February 21, 2012, Rizzo Associates issued a “Trip Letter Report to Assess Status of the Chloride Copper Mine” to the Company. According to the “Trip Letter Report: “The SX/EW Plant is in good condition; however, in need of minor refurbishment and the replacement of some supporting equipment, but most of the equipment can be used and the Plant can be brought back into working c ondition within a reasonable timeframe and limited expense. ”

“We are extremely pleased to have the Rizzo team working to bring the mine back into production and beginning work to improve the accuracy of our reserve estimate,” says J. Rod Martin Chief Executive Officer of the Company.

On May 2, 2012 , the Board of Directors of Sierra Resource Group Inc. by unanimous written consent appointed Barton R. Budman and Carlos F. Cardon to its Board of Directors.

Mr. Budman is a Certified Public Accountant licensed in the state of Florida. Since 2007, Mr. Budman has served as the Chief Financial & Operating Officer for a world renowned mega-yacht manufacturer, chartering company, and real estate investment & development organization, Broward Yacht & Marine / LPI Holdings, LLC with total annual revenue in excess of $135 million. Mr. Budman holds dual BBA degrees in accounting and finance as well as a Masters of Business Administration from the University of Miami.
Mr. Cordon is the Commercial liaison, since 2011, for the development of telecommunications, mining and energy projects between the Chinese Government Foreign Development Agency and the Central American Business Community. Founder and Director of Tacontento International Corp, a chain of Mexican restaurants with more than 20 locations in five countries. Founder and Director, Los Ranchos, Guatemala, 1994-2011, a steak house chain, with more than a dozen location in 4 countries, including several locations in south Florida. Founder and Director, Yogen Fruz, Central America, Central American Franchisee, 1992-2011, Yogen Fruz is a publicly traded Canadian company and one of the largest frozen yogurt franchising companies in the world. Founder and Director, Mayan Republic Brand, Guatemala, 1985-1995, a merchandiser of hand loomed textile clothing exported to the US and Europe.

June 1, 2012 Sierra Resource Group, Inc. ( OTCBB : SIRG) announced today that it plans to launch its new website in June. Sierra engaged Miami based IT firm, Ingenium Solutions, LLC, to design and build the Company's new website, which will feature easy access to the latest Company news, descriptions of the Sierra's mining properties, resource reports and operations, and a separate section for investor information, including direct links to SEC filings and corporate governance policies. Ingenium is a well respected, total service IT firm that will be handling all IT work for Sierra in the future.

"We are very pleased with the design work of the firm, Ingenium Solutions, LLC, and the special attention its President Antonio Manueco gave to the project," said J. Rod Martin , CEO of Sierra.

Mr. Martin added: "Sierra intends to use its website http://www.sierragroupinc.com as a means of disclosing material information and for complying with its disclosure obligations under SEC Regulation FD. Such disclosures will be included on the Company's website under the headings 'Latest News'. Accordingly, investors should monitor such portions of the Company's website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts."

June 6, 2012 - SIRG hosted a Town Hall meeting in Chloride for the locals, BLM agents and government officials.

June 6, 2012, the Company signed a Letter of Intent (“LOI”) with Upward Investments, LLC (“UI”) for the purchase of UI’s 90 acres of land adjacent to the Company’s existing claims. The Company would like to acquire UI’s property for the Company’s mining operations. Further representations and warranties shall be included in the to be drafted Definitive Agreement.

July 25, 2012 Sierra Resource Group, Inc. engaged Marcum, LLC (“ Marcum ”) as its new independent registered public accountants , effective July 25, 2012. The decision to change accountants was recommended and approved by the Company’s board of directors. This action effectively releases Tarvaran, Askelson & Company, LLP (“ TAC ”) as the Company’s independent auditor.

8/15/2012 @ 4:05PM SIRG) (the "Company" or "Sierra") announced today that its Mine Plan of Operation has been reviewed and accepted by The Bureau of Land Management. This formal acceptance has allowed Sierra to submit its draft Environmental Assessment in order to comply with the National Environmental Protection Agency."We're working closely with The Bureau of Land Management and the interactive process is positive," said J. Rod Martin , CEO of Sierra.

Note-2 mines closeby in this BLM jurisdiction were found to be operating without permits-giving BLM embarrassment so BLM lead guy Todd was called into cleanup the Kingman office(even if one didnt know anything else about politics and govt, commonsense and logic dictates this) and as part of doing so decided to reopen the MPO permit for further work to make sure the MPO could not be questioned as to dd-that was not SIRGS fault

August 5, 2012, Sierra engaged as a Senior Level Consultant, Mr. Joseph Sawyer P.E. a Nevada registered professional mining engineer and former mining engineer for SGV Resources. (SGV owned the mine before Copper Mesa, when it was the Emerald Isle Mine.

Aug 14, 2012 - On or about January 2012, the Depository Trust & Clearing Corporation (“DTC”) suspended post-trade settlement services (known as “Global Lock” or “Chill”) for our securities. Upon our inquiry, the compliance department at the DTC advised us that the Global Lock had been instituted due to their uncertainty about the valid issuance of shares of our company held in street name under their nominee Cede & Co. Our management subsequently provided documentation necessary to lift the Global Lock, and on August 14, 2012, the DTC advised us that they had resumed accepting deposits of the Company’s stock for depository and book-entry transfer services.

Aug. 21, 2012 -- Sierra Resource Group, Inc. announced today that on August 1, 2012 it awarded the transfer and modification of its existing Aquifer Protection Permit to CDM Smith (www.cdmsmith.com) a full service, consulting, engineering, construction, and operations company that guides clients across the project life cycle in water, environment, transportation, energy, and facilities.
"We looked at a host of well qualified companies to handle this very important permit process and feel confident in our selection of CDM Smith," said J. Rod Martin, Chief Executive Officer of Sierra.

CDM Smith will prepare all materials for permit transfer, will prepare the BADCT demonstrations for the new facilities as contemplated by Sierra for future operations, will prepare the Amendment (Modification) Application package and final application for submittal and will fully manage the project to completion including handling all meetings with ADEQ and Sierra.

"CDM Smith is well versed in this type of permitting and its inner team has a wealth of experience in dealing with ADEQ," said J. Rod Martin, Chief Executive Officer of Sierra.

8/23/2012

SIRG announced today that the Depository Trust & Clearing Corporation has advised Sierra that the Depository Trust Company has determined to lift the Deposit Chill on the Company's stock and has resumed accepting deposits of the Company's stock for depository and book-entry transfer services. "We are pleased with this determination and know our shareholders will be too," said J. Rod Martin , CEO of Sierra.

September 19, 2012 , Sierra engaged as a Senior Level Consultant, Mr. John Marsden P.E., Registered Member (QP), Society for Mining, Metallurgy & Exploration, Inc. and former President of Freeport-McMoRan.

September 28, 2012 , CDM Smith formally submitted to ADEQ the revised and modified APP permit and comments were received on November 16, 2012.

November 19th and 20th , 2012, Paul C. Rizzo Associates Inc met with BLM Kingman to define the permitting schedule and go over the MPO comments.

December 1, 2012 a Revised Plan of Operation was Resubmitted to BLM.

It was this plan that BLM said was likely to be finished/approved in Jan-so we are waiting on that key approval