Sierra Gold Corporation (Purple Sheets:SGCP) announces plans for more aggressive bulk sampling in the diamond space of the Pampana property. Gem quality diamonds agree with been confirmed on the Pampana North Property as a results of up-to-the-minute take a look at samples from the company’s ongoing bulk sampling program. This discovery confirms geologist Hendrik Velduyzen’s assertion in his 43-101 file (2006) that ‘definite stones explain in the gold bearing gravel are equal to those explain in kimberlite and imply the presence of diamonds’. The geological team will return to the gap the assign they composed a two-ton sample yielding six diamonds, five of which agree with been gem quality. The corporate needs to attain more broad trying out to search out out the aptitude designate of the diamonds. The designate of the gold reserves is $586,404,000 and does now not consist of any diamond likely.
Sierra Leone is a necessary exporter of diamonds and is acknowledged internationally for the neatly-known size and quality of its diamonds. Sierra Leone’s manufacturing is characterised by a high share of top-quality gem diamonds. The country changed into notorious worldwide after the discovery of the Star of Sierra Leone, a enticing 969-carat diamond. In 2002, a 1440-carat, gem quality diamond changed into once explain in Kono which changed into once later bought in Belgium for $75 million. Sierra Leone has produced several of a actually powerful alluvial diamonds ever realized.
Sierra Gold is engaged in the exploration and construction of gold and diamond properties in West Africa. The corporate will proceed to conduct broad examine and construction of fine quality mineral exploration tasks.
No assurance will be on condition that past or identical results of gold mining will be indicative of future results. This records unlock comprises forward-having a glimpse statements throughout the which implies of the Non-public Securities Litigation Reform Act of 1995 (The “Act”). In recount, when light in the previous of dialogue, the words “snug”, “notion”, “confident that,” “think,” “question,” or “intent to” and identical conditional expressions are intended to identity forward-having a glimpse statements throughout the which implies of the Act and are field to the safe harbour created by the Act. Such statements are field to definite dangers and uncertainties and real results also can differ materially from these expressed in any of the forward-having a glimpse statements. Such dangers and uncertainties consist of, however are usually now not restricted to, market prerequisites, overall acceptance of the company’s merchandise and applied sciences, aggressive components, the means to successfully whole additional financings and different dangers in the company’s SEC experiences and filings.
CONTACT: Sierra Gold Corporation Jeremy Hunt, Corporation Advisor (304) 523-3980 [email protected] www.sierragoldcorp.com