Dredgemaster Now in Liberia With Crew and Dredges to Undertake Diamond and Gold Mining Operations in Historically Rich Bomi Hills Area
Press Release Source: Sunergy Inc. On Wednesday March 25, 2014
SCOTTSDALE, AZ--(Marketwire - 03/25/2014) - Sunergy, Inc (the
- News) is pleased to provide this update for our Liberian diamond and gold mining operations. Dredgemaster Price is now in Liberia with his crew to commence dredging operations in Bomi Hills on the first licenses we have that will eventually cover the 1,000 acres that we have under agreement. Our local geologist has completed the initial reconnaissance of this area, taken samples and is preparing an initial report from which operations will be controlled. Our first 6" dredge is awaiting movement to Bomi Hills from Monrovia this coming weekend and will commence operations early next week. Dredge #2 will move into location once #1 settles in and is operating smoothly. Early results will begin to be reported as soon as the overburden is removed and we are able to process alluvial gold and diamond bearing gravels. This should take less than 2 weeks.
Dredgemaster Price says; " I am very excited about this area, especially since when operations took place here before the conflict, local hand miners extracted millions of dollars of gold and diamonds operating by hand in shallow conditions. This area has not been touched since the conflict ended and still houses several productive kimberlites bearing diamonds. We are considering moving our 3rd Sierra Leone dredge, currently in Bo, Sierra Leone to Bomi Hills as we expand our planned year round operations. Bo is only 175 miles from Monrovia, Liberia and Bomi Hills is on the road from Sierra Leone to Liberia. I just drove over with my crew and it's a rough road, but quite workable. Going back and forth from Liberia to Sierra Leone is very straight forward. Our Sierra Leone operations are under supervision by David Garnett and are ongoing. I will return there in a couple weeks and we will give a report on progress."
Garrett Hale, President and CEO said: "I am pleased that we now are getting both our Sierra Leone and Liberia operations going. While Dredgemaster Price is able to set up and oversee these operations in different countries, we have also put together good teams of competent and trusted supervisors that remain onsite at all operating times to insure the integrity of our projects. Our new Advisory Board member, Prince Kai Saquee is also able to assist us in the purchasing, export and marketing our gold and diamonds from either country. Given the simplicity of our operations and the competency of our team members, I am very confident in the future success of our operations. We have managed to accomplish solid infrastructure in both countries with limited funds to work with and now that we will be earning regular cash flow we are going to be able to grow operations from within and as needed without the need for major dilutive additional capital raises. Having Dredgemaster and Prince as our team leaders excites me very much and we all look forward to very prosperous operations."
Hale continued: "Our non-mining based activities are ready to bear fruit as well, without any major capital required from us. These are essentially agency agreements that offer possible 20-25 year long term income streams which will support our rapid growth plans. Proposals in The Gambia and Senegal are moving forward. More on these as information is available."
Operating results will be available shortly after the end of first quarter so as to not delay the 10K filing. Please visit our website: www.sunergygold.com Update on Sierra Leone operations will be forthcoming soon.
SUNERGY, Inc., a Nevada corporation (OTCQB: SNEY) is a publicly listed and traded, production oriented, junior mining company headquartered in Scottsdale, Arizona, USA that is production oriented at the earliest possible profitable opportunity and has an appetite to grow by profitable acquisition. As its core business, the Company has made a transition from an exploration only company to a company now focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia. A 5th dredge sits between the two countries awaiting the most favorable deployment opportunity for fast cash flow. In addition to our core mining activities, the Company has used its considerable contacts earned over the past 4 years to develop non-mining partnerships and agency agreements with major international businesses representing Airport Security and Affordable Housing projects and Solar energy projects up to 250 megawatts, in the five West Africa Countries of Ghana, Sierra Leone, Liberia, The Gambia and Senegal.
Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration on mining concessions or cash flow from any mining operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.