Sunergy Update: Sunergy's Liberian Diamond Operation Gets Underway as Rains Subside
Press Release Source: Sunergy Inc. On Monday October 06, 2014
NAPA, CA--(Marketwired - Oct 6, 2014) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY) (PINKSHEETS: SNEY) announced today that operations commence again in Liberia as rains are beginning to subside.
Our crews are pleased that the weather is currently diminishing and the rain has subsided enough to start up the dredges and begin washing for diamonds. We have prepared a substantial pit where our dredges can be used as wash plants in the Lofa area. This break in the weather comes as a pleasant surprise as we did not expect weather conditions to be favorable so early.
Ebola is a continued concern amongst all our workers, but safe practices and working at the site has prevented exposure to date. We are very proud of our team and want to praise them for their continued diligence. We feel that keeping them working at the site offers them an opportunity to work in an unaffected area and avoid having to seek work in other areas which may prove to be unsafe.
Sunergy President and CEO Garrett Hale said: "I am encouraged by the early start and realize that this is a landmark event for Sunergy: to have operations starting in early October, when past seasons have only commenced in the first quarter after mining season( dry season) opens. Sunergy is truly developing into a solid company with it reaching its goals in a more expedient manner. Sunergy has come a long way, most importantly by setting the tone of being a diligent company that only accepts success. We already are receiving praise for not running away from the Ebola crisis. I am proud to have the rapid advisory board growth, from substantial businessmen and shareholders, with the focus on adding additional input to our management team as we forge into a prosperous and diverse future. With the perseverance of management and all the multi-country connections Sunergy has acquired, we are truly poised to be a successful, profitable and well respected company".
Sierra Leone; local management is diligently seeking the appropriate locations and proper licensing to begin our dredging operations as well. We previously stated a substantial quantity of gold was discovered prior to the September rains. Our efforts are designed to develop this area as soon as possible, now that the rains are subsiding. Our local management is currently working toward placing this area under license.
More information on our various non-mining projects will be forthcoming; Management is moving forward in full force to advance working relationships in Nigeria, Liberia and other West Africa locations.
Sunergy Inc. (OTC Pink: SNEY) (PINKSHEETS: SNEY), a Nevada corporation, is a junior mining company headquartered in Scottsdale, Arizona. The Company has made a transition from an exploration only company to a company currently focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia We have also acquired a wash plant and loader capable of handling between 50 to 350 tons per hour of diamond and gold bearing gravels. In addition to our core mining activities, the Company has developed considerable relationships over the past 4 years which has enabled the procurement of non-mining partnerships and agency agreements with major international businesses representing Airport Security, Affordable Housing projects and Solar energy projects in the six West Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, The Gambia and Senegal. For more information, please visit www.sunergygold.com
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 of the Nyinahin and Pampana Mining Concessions or cash flow from Liberian 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.