Sunergy Expands Gold and Diamond Mining Operations in the Famous Kenema Diamond District, Sierra Leone, Covering 7 Miles of Sewa River in Support of Local Artisinal License Holders
Press Release Source: Sunergy Inc. On Tuesday May 27, 2014
SCOTTSDALE, AZ--(Marketwired - May 27, 2014) - Sunergy, Inc (the "Company") (OTCQB: SNEY) is pleased to report that it has entered into an agreement which expands its diamond and gold mining operations into the famous Kenema diamond district in Sierra Leone which covers a 7 mile length of the Sewa River. Both dredging and land based operations will be undertaken enabling operations to continue year round. This particular area has never been mined by any large or even small scale mining companies, because the majority of land is owned privately by the residents of the Chiefdom and over the years they have preferred to mine this area themselves. Because of our established relationships with landowners there, we have been invited to provide support to the local artisanal miners who know where the best diamonds and gold deposits are located.
Dredgemaster, David Price, says: "I am really happy to have this opportunity to support the local miners in the Chiefdom and to enjoy 7 miles of the Sewa River with its many terraces that are known to be diamondiferous and still contain large amounts of in- situ diamonds. This area is one of the rare ones on the Sewa that has not been heavily mined historically. This area is close to our Kono operations and some equipment may service both areas easily, saving additional equipment costs which allows for more profits. We now have serious roots in the major diamond areas of Sierra Leone and we have equipment to support our year round operations here. I am also pleased how our Liberia operations are progressing and we are looking at a land based operation there for year round operations."
Garrett Hale, President, CEO, stated:" I am proud of our teams that we have put together in Sierra Leone and Liberia. They are truly international, comprised of Sierra Leoneans, Liberians, Americans and British. Everyone is incentivized to pursue the best opportunities for cash flow and profit and we have managed to put together teams that trust each other and manage to work together really well. A real thank you goes to our local miners and workers who cooperate with each other like a Nascar Pit Crew. I am also pleased to report that our newly acquired wash plant and loader will be operational in the next two weeks in Kono and our newly expanded operations in nearby Kenema will help support its ongoing economics."
Housing Update: Our affordable housing project is getting some traction in Sierra Leone as well and we are in discussions regarding satisfying some immediate housing needs. To this end, management has opened discussions with a London Financial group that has expressed interest in assisting in the advancement of this project in Sierra Leone, Senegal and Liberia.
Please visit the Sunergy website www.sunergygold.com and review further information such as Company Reports under Projects, Previous Press Releases and SEC filing information under Investor Info. Our Facebook and Twitter sites are quite active, so please visit our website to access those links.
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. An 8th 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.