Sunergy Management Team Joined by "The Dredgemaster" as Director of Alluvial Mining Operations in Sierra Leone and Liberia and Prepares for Early Cash Flow Operations
Press Release Source: Sunergy Inc. On Tuesday November 05, 2013
SCOTTSDALE, AZ--(Marketwire - 11/05/2013) - Sunergy, Inc (the
- News) Is pleased to announce that the famous Dredgemaster from Sierra Leone and the UK has joined the Sunergy Management Team as Director of Alluvial Mining in Sierra Leone and Liberia with a commitment to early profitability.
Dredge has over 40 years' experience in the Mechanical Handling and Mining Industry, mostly in Africa. In his position as Country Director he was responsible for Security, Safety, Health, Environment, and Training and holds recognized qualifications, SITO, Security Industry Training Organization of which he is a Teacher of Teachers. Dredge was one of those responsible for the training of PAE staff prior to their relocation to Liberia from Sierra Leone. He is qualified to Train Instructors. RTITB, Road Transport Industrial Training Board of which he is an Instructor/Examiner on Industrial Mechanical Handling Equipment and able to deliver courses and provide training and issue recognized certificates. Dredge is a hands on Miner and is commonly known as "The Dredgemaster" and has been in and out of Sierra Leone and Liberia since 1974 and spent most of the past 10 years in Sierra Leone on the Pampana, Sewa, Moa, rivers, as well as the Lofa in Liberia, to name a few. His commitment to training local people in advanced mining techniques has proved profitable for the companies that he has worked with. His contacts are numerous and he enjoys a good reputation. Dredge is a Mechanical Handling Engineer by training with extensive experience in the Granite, Gold and Diamond sectors. He can and will repair all mining equipment and will train others in order to pass that knowledge on to local people. Dredge has worked with several of the large mining companies in Sierra Leone involved in Granite, Gold, Diamonds and Iron Ore as an Independent consultant. He also is a master dredge operator and will oversee the design build of another dozen or so dredges designed primarily for Diamond and Gold recovery, but able to recover Black Sands (Ree's) and river sand. These dredges will all be used in our own operations directly producing cash flow. When idle, they will be deployed with crew only to work in concert with other operations while earning fees and a piece of each project. Dredgemaster says: "I am glad to become a part of this new dynamic Sunergy team. I have paid close attention to the goings on at Sunergy and now that we are on track to engage daily profitable operations, I am quite excited about our prospects going forward. I am familiar with the areas of operation targeted for exploitation in both Sierra Leone and nearby Liberia and am pleased to have the opportunity to be part of the team turning Sunergy around to become profitable."
Garrett Hale, President and CEO states: "I am really pleased to have Dredgemaster on our management team. As part of our ongoing commitment to upgrade management, Dredge offers us the opportunity to grow and expand our base of alluvial mining operations in both Sierra Leone and Liberia. He plans to get a half dozen dredges operating in each country this dry mining season. Early estimates for cash flow from test analysis is net $20,000 to $40,000+/ month per dredge. There is a success formula that incentivizes our dredge teams to make as much product as possible, which also helps security. Our focus this mining season is to maximize cash flow and profitability and we are well on our way now. Dredgemaster will enable us to grow our operations with confidence."
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. Home Page has a Special Link featuring our Africa Affordable Housing Project. Our Facebook and Twitter sites are quite active, so please visit our website to access those links.
About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control the Nyinahin mining concession with a full prospecting license in Ghana, West Africa and are in the renewal process for our Pampana River Rare Earth, Gold and Diamond concession in Sierra Leone, West Africa. We are advancing operations there to the installation of a commercial pilot plant to separate the gold and selected other valuable minerals for sale.
We have recently formed a partnership with landowners in Liberia to develop a significant gold, diamond and black sands project. We have formed a partnership in affordable housing and building projects suitable for development in Africa. We are always open to Joint Venture participation on all our projects. We are production and acquisitions oriented and are considering several additional projects suitable for near term production.
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.