LAS VEGAS, Dec. 4, 2006 (PRIME NEWSWIRE) -- Sierra Gold (Pink Sheets:SGCP) announces encouraging results from a bulk sampling program completed on the Pampana North concession in the spring of 2005. The test results indicated gold bearing gravel depths to be more than double those previously reported by U.S. Mining Engineer, Mike Manke.
Higher gold grades than Manke's figures were also reported from several 20 kilogram samples assayed by SGS Laboratories in Ontario, Canada. As well, PGMs and silver were present in the assays. With higher gold values and larger quantities of pay gravel, the gold potential could be considerably higher than the $260M estimated by Manke.
In his report, Mr. Manke stated that the Pampana North Concession would qualify as a larger grade placer deposit as defined by the U.S. Bureau of Mines. (minimum of 1 million cubic yards and 0.10 ounces of gold per yard). Mr. Manke estimated the gold bearing gravel to contain approximately 6 million cubic yards with an average of 0.12 ounces of gold per yard. These figures do not include potential hard rock reserves.
No assurance can be give that past or similar results of gold mining will be indicative of future results. An ongoing program of basic exploration data collection and an aggressive investigation will be required to define the property's gold reserves.
There has been unsolicited emails sent recently that have not been authorized by or with the knowledge of Sierra Gold. Doug Evans, CEO, comments that "our company has no association with nor condones unsolicited emails and will do everything possible to minimize this unprofessional activity."
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The company will continue to conduct extensive research and development of high quality mineral exploration projects.
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