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Market Pulse Breaking News Alert for Monday, January 29, 2007: SGCP - Platinum Group Metals and Other Precious Metals Discovered on Sierra Gold Corporation's Property!

Posted on: Monday, 29 January 2007, 09:00 CST

Market Pulse News Alert for this AM, Stocks to Watch are: Sierra Gold Corporation (PINKSHEETS: SGCP), Zanett Inc. (NASDAQ: ZANE), Rambus Inc. (NASDAQ: RMBS) and Yamana Gold Inc. (NYSE: AUY).

Investors need to be watching Sierra Gold Corporation (PINKSHEETS: SGCP) this AM! Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. Sierra Gold Corporation owns the mining rights of Northern Star Resources Ltd, a Sierra Leone incorporated gold and diamond mining company. The rights include a secured 40 sq/km prime mining concession located on the North Pampana River which is one of Sierra Leone's richest known alluvial gold mining rivers. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Gold recently announced that gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. The company needs to do more extensive testing to determine the potential value of the diamonds. The value of the gold reserves is estimated at $586,404,000 and does not include any diamond potential. Sierra Gold's short and long term cash flow is positive. The company plans to aggressively expand its mining profile with high quality explorations projects. Sierra Gold's aim is to acquire and develop gold and other precious and base mineral properties to increase shareholder value. SGCP is poised to become a significant player in the mining industry. SGCP has had several excellent news announcements out lately and one again before today's opening bell announcing platinum group metals and other precious metals were discovered on Sierra Gold's property! Investors should be watching this one closely!

Sierra Gold's (PINKSHEETS: SGCP) U.S. Mining Engineer, Mike Manke, reported the presence of platinum group metals as well as other precious and rare earth metals from bulk samples tested as a result of geological work done on the Pampana North property. Sierra Gold has validated some of the findings of Mr. Manke from bulk samples tested at SGS Laboratories (Toronto, Canada) in 2005, which show the presence of platinum group metals. More samples collected in December, 2006 are presently being tested for a full spectrum analysis of precious metals by SGS Laboratories with results soon to be available.

Sierra Gold's geological team will return to the Pampana North property this week to investigate and further explore the presence of precious metals. The team will plan a program to more clearly define and develop the property, which will include a drill program in conjunction with trenching.

Because the company needs to do more extensive testing to determine the value of the potential precious metals, the value per share of $7.42 given on December 13, 2006 only pertains to the placer gold deposits on the property. The value of gold reserves is $588,404,000 and with 79,031,973 shares outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The company will continue to conduct extensive research and development of high quality mineral exploration projects.

Stocks in the news and acting well as of late include: Zanett Inc. (NASDAQ: ZANE), Rambus Inc. (NASDAQ: RMBS) and Yamana Gold Inc. (NYSE: AUY).

Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.

MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis. Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.

You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated in free trading shares of common stock, available for public trading as follows: Sierra Gold Corporation compensation from a third party shareholder: two hundred fifty thousand free trading shares of stock in Sierra Gold Corporation already received from a third party shareholder. To date, MP has sold fifty thousand shares of stock in Sierra Gold Corporation for proceeds totaling seven thousand three hundred dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

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SOURCE: Market Pulse

Source: MARKET WIRE

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