bedeuten. Die Nachricht ist vom Juni, wohl gemerkt. Sierra Gold Announces Gold Production Increase of Over 75% and the Company Has Been Upgraded by Pink Sheets- Press Release
- Source: Sierra Gold Corporation
On 10:52 am EDT, Monday June 1, 2009
TORONTO, June 1, 2009 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP - News) today announced that the May gold production yielded over 75 troy ounces of gold. The first five months of production in 2009 have increased more than 75% over the entire gold production of 2008. As of today, Sierra Gold has been upgraded by Pink Sheets. The company has supplied Pink Sheets with new financial and share structure data that was required in order to qualify for the upgrade. Sierra Gold is pleased to announce the appointment of a new director, Paulus Bairoh, who has replaced Bai Kamara. Mr. Bairoh is a Sierra Leonean and son of a Paramount Chief. He has over 10 years' experience in artisanal mining and brings a more progressive, pro-business approach that is reflective of the younger generation of his country. Doug Evans, CEO of Sierra Gold, commented: "We are pleased about the increase in gold production and are in dialogue with potential investors to substantially boost our production capacity. The positive aspect is that the gold is present on our properties. We plan to be well positioned in the near future to take full advantage of the rising demand for gold while bringing increasing value to our shareholders." Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest gold producing areas worldwide. Sierra Leone's neighbours, Ghana and Mali, are the second and third largest gold producers in all of Africa. Safe Harbor: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings. Contact:Sierra Gold John Semacho Jr., President 330-273-6183 www.sierragoldcorp.com |