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Last updated on April 16, 2014 at 11:25 EDT

Latest Sierra Gold Corporation Stories

2008-11-12 09:00:32

TORONTO, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today the acquisition of a 12 mile long concession on the Manu river in the Zimmi region with an option to expand down to the Atlantic ocean. The company has investigated the property and has discovered small coloured and clear diamonds. Also discovered was coarse gold. Coarse gold indicates proximity to the original source of the gold vein. The property is now being cleared to allow equipment to...

2008-10-21 09:00:37

TORONTO, Oct. 21, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today discovery of diamonds on the Sewa River with the 8" dredge purchased from a South African company. The dredging operation produced over 10 carats of diamonds valued at US$110 per carat from its initial test run. Gold has also been collected and its values are presently being assessed. This equipment has the capability to process up to 50 tons per hour. Sierra Leone is a major exporter of...

2008-10-06 12:00:30

TORONTO, Oct. 6, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that the two new 10 ton, state-of-the-art, gold processing plants arrived in Sierra Leone last week. These plants will enable the company to process up to 20 tons per hour and boast a 95-98 percent recovery rate. This technology offers an environmentally friendly process with no chemicals and reduced water use. Given their portability, these units can be moved easily to locations deemed...

2008-09-04 09:00:34

TORONTO, Sept. 4, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it will begin joint venture gold operations in Mali. Like Sierra Leone, Mali is located in the Birimian greenstone belt of West Africa, which has had a long history of gold mining and prospecting. The region has been one of the fastest growing gold producing areas worldwide. Mali is the third largest gold producer in all of Africa. One of Sierra Gold's main objectives is to increase the...

2008-08-21 12:01:12

TORONTO, Aug. 21, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it will begin initial gold operation tomorrow on the Sewa River with the 8-inch dredge purchased last month from a South African company. This equipment has the capability to process up to 50 tons per hour. An experienced, highly qualified operator from South Africa will be running the operations. The dredge will enable the company to dramatically increase the amount of gold bearing...

2008-08-11 09:01:11

TORONTO, Aug. 11, 2008 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that the two 10 ton, state-of- the-art, gold processing plants are scheduled to be shipped from Texas in less than 2 weeks and are due to arrive in Sierra Leone on October 1st. The new portable plants will be available to process gold for the fall mining season. These plants are ideally suited for placer/alluvial, hard rock and sand/gravel operations. They are very cost effective and boast a...

2008-07-22 12:00:53

TORONTO, July 22, 2008 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it has entered into an agreement to purchase an 8" dredge from a South African company. This equipment will enable the company to expand its river dredging operation to another part of the country. The first dredge purchased last month will be employed on the Pampana river while this second dredge will operating on the Sewa river. The 8" dredge is presently located in Sierra Leone and...

2008-06-25 12:02:53

TORONTO, June 25, 2008 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it plans to increase present gold production by 400-500%. With its recent purchase of river dredging equipment, the company will now be able to extract gold from the gravels at the bottom of the river. The gold extracted from the river will increase the potential gold reserves previously estimated to be just over 936,000 ounces based on prior work done by the National Diamond Mining...

2008-06-18 12:00:42

TORONTO, June 18, 2008 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) today announced that newly hired geologist, Joseph Kamara, has begun work on the hard rock gold deposit in preparation for a drill program. Mr. Kamara, a seasoned West African geologist, will plan a program to further define and develop the hard rock gold reserves. The investigation will include trenching, geochemical surveys and geological mapping. The hard rock gold reserves would be in addition to the...