Sunergy Update: Sunergy's Sierra Leonean Team Demarks Gold Location and Secures License
Press Release Source: Sunergy Inc. On Thursday November 13, 2014
NAPA, CA / ACCESSWIRE / November 13, 2014 / Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY) (SNEY), is pleased to announce that on November 6, 2014, we were informed that the issuance of the license submitted October 15, 2014 by our Sierra Leonean management team, on the .005 Sq. KM of known gold bearing property has been approved and finalized by the Government of Sierra Leone National Minerals Agency.
We are pleased to have achieved this milestone, as projected in our October 6 press release: "local management is diligently seeking the appropriate locations and proper licensing to begin our dredging operations in Sierra Leone 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." In addition, in this same press we stated that Liberian diamond operations were resuming as rains had started to subside. We continue to diligently move forward on this front as dry season is now upon us.
Sunergy President and CEO Garrett Hale said, "I am pleased that Sunergy continues to progress early in the mining season and be prepared to be in full operation prior to the end of 2014. As we successfully progress with our operational plan, increased recognition is being given to us by the local people, chiefs and government as a leader in the community, especially during a time of such great duress with the Ebola outbreak. Our tireless, diligent efforts have allowed us to work with and obtain the respect of individuals at the highest levels, such as Prince Kai Saquee, Head of the Diamond and Gold Dealers Association in Kono, Sierra Leone, who has also been a member of our Advisory Board since February 2014. This also prevents undue risk on our local management and operational teams, which continue to support Sunergy maintaining a trusted business position in Sierra Leone. We are extremely proud of our in-country team, but continue to keep their names private for safety reasons while working within the mineral producing regions."
Hale further states, "My top priority in 2014 has been on Sunergy's mining and non-mining operations, capitalizing on small successes with the objective of building a well-respected brand over time. As such, I have not yet finalized the personal debt conversion agreed upon in earlier this year. As I see the avenues of opportunity unfold for Sunergy, I continue to provide personal financial support towards its efforts and I strongly believe we have a promising future to look forward to. I would like to remind our investors that I came aboard Sunergy being a substantial shareholder with the goal of protecting the assets of all shareholders, including my own."
More information on Liberian operations and 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) (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, two in Sierra Leone and two 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 four 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.