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Sierra Gold Corporation Message Board

  • shannontruelove shannontruelove Oct 26, 2010 12:34 PM Flag

    NEW FR OUT--Good News!

    Field report OCT 26, 2010

    Per my conversation with our head dredge operator on Oct 20th, the rivers are still flooding and it is still raining. Once the rain stops we estimate it will take 30 days for the river’s to be ready for full scale dredging operation.

    Projected gold and diamond extraction numbers are based on testing and equipment currently on site in Sierra Leone. The projections shown below do not include rainy season operations and assumes 180 days of a potential 180 to 210 day dry (mining) season and 6 hours of a 6 to 8 hour operational day. Evaluation of our first rainy season operations has not been completed therefore projection numbers are not available. It is my belief that conservative numbers must be used in any projection formula and is the reason why these numbers below were chosen:

    A) Four dredges at 25 TPH = 100 Tons per hour
    B) 100 TPH x 6 hours per day = 600 Tons per day
    C) 600 Tons per day x 180 days = 108,000 tons
    D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
    E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds

    Doug Evans will be leaving for Sierra Leone during the first week of November.

    Rice and sorghum to be harvested beginning late November. Peanut and Maize crops have been harvested.

    Carbon Credit Project: Sierra Gold, for a variety of reasons to move its projects forward, has severed its business relationship with Green Giant Venture Fund. Sierra gold is currently in the process of taking its projects to full validation using the expertise of an accredited Professional in the Carbon Credit industry. Further, the Company is reviewing options to expand its project opportunities within Sierra Leone.

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