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SIERRA is a U.S. based mining company, headquartered in Nevada, committed to the exploration, discovery and development of gold, silver, copper, and other mineral resources. SIERRA is a publicly traded company (SIRG) and holds mining properties and mineral claims in Arizona and is looking to expand throughout the Americas in the near future. SIERRA is committed to exploring, responsibly and maintaining environmentally friendly policies while impacting the local economy in a positive manner that will allow its shareholders to take pride in their investment.
 Corporate Overview
Sierra Resource Group, Inc. was incorporated in the state of Nevada on December 21, 1992. We are a mineral resource exploration and development company. We currently own 80% of the Chloride Copper Mine and are focused on developing that property. We have not yet commenced significant operations and are considered an exploratory or DEVELOPMENT stage company.
Overall, the Company organized its management team and the professional board members with the intent of achieving the highest level of corporate governance, effectiveness and transparency in its operations. We believe we have exceptional geological, geo-statistical, engineering, regulatory, environmental, financial and operating competencies on our senior team. In addition, we will strengthen our systems through agreements and relationships with strategic and critical trading partners.
Directors and Officers
J. Rod Martin, CEO/Director
Is the Founder and Managing Partner of Blackpool Partners, LLC a private equity group. Has over 20 years of experience a a principal and senior officer in public and private companies including experience with start-up operations, as well as his experience with financing transactions, qualify him to serve as CEO.
Mr. Martin has worked as an independent investment banker and acted as a consultant to public and private companies for over 20 years, also acting in a managerial and Senior VP Position of a national brokerage from 1987to 1990. Mr. Martin began his working career as Director of Marketing and Sales for Martin Machinery Company, a family-based industrial machine tool sales and distribution company. Mr Martin has a B.S. in Marketing and Finance from the University of Arkansas.
Michel Rowland, VP/Exploration/Director
Michael Rowland, Member #225364 of the Australasian Institute of Mining and Metallurgy (Ausimm) and Qualified Person (Q.P.) for the form 43-101F1; Private consultant in mining geology including photo geology, geotechny, and hydrogeology. He served as Project Manager in the Dynasty gold field, exploring and drilling for gold, silver and copper. Prior to 2004, he worked for companies such as COGEMA from France, RUMICURI from Ecuador, ECUASAXON and Minera Australiana from Canada and Australia, Vicente Coronel Compania from Ecuador, Petro-Canada, Fougerolle from France, Coyne et Bellier from France, and the Department of Commerce of France.
He received a Geologist Engineer degree in 1973 from Escuela Politécnica Nacional, Quito, Ecuador, a Master degree in Geology from Dijon University, France, in 1961, and a Bachelor degree in Geology from Paris University in 1960. His skill and extensive experience in exploration and exploitation phases of mining operations qualify him to serve as a director.
Luis Munoz, Director
Luis Munoz was appointed as Director of Sierra Resource Group Inc., effective January 7, 2011. General Manager of a business and legal consultingfirm, Neglex, located in Quito, Ecuador, since August 2009. From 2004 to 2007, Mr. Munoz was a Vice-Chairman of MN&A - Abogados located in Quito Ecuador. Before that, Mr. Munoz had approximately seven years of additional experience as a business and legal consultant and general manager.
In 2009, he received his Masters in Business Administration (MBA) from INCAE Business School located in Alajuela, Costa Rica. In 2004, he received a Doctorof Law Degree from Universidad International del Ecuador located in Quito, Ecuador.
He has been the General Manager of Neglex, a business andlegal consulting firm located in Quito, Ecuador since 2009. In June 2011 he was appointed to the position of Top Legal Advisor for the National Department of Development and State of Ecuador. In this capacity, Dr. Munoz will provide legal counsel to all Ecuardoran government companies, including oil and mining companies.
Ricardo Cordón, Director
Ricardo Cordon, age 55, is the founder and President of ARC S.A. since 1988, a consulting company specializing in business process optimization and information technology. His clients include some of the largest companies in the Americas including Grupo H, Wal-Mart Central America and Banco Santa Cruz. He has a Ph.D, in Computer Science from Princeton University. His academic experience includes Teaching Assistant and then Research Assistant at Princeton Univiersity 1982-85; Visiting Professor at Francisco Marroquin 1986-87, Rafael Landivar 1988, Del Valle 1989-90 and 1996; Mesoamericana 2001; Dean, School of Science and Technology, Universidad Internaciones, Guatemala.
Timothy Benjamin, Chairman of the Board/Director
Manager, Process Improvements at Assurant Solutions Inc., a Fortune 300 company. Many years experience as CFO for public and private companies as well as performing financial and compliance due diligence for these companies. He also held supervisory positions with the Federal Reserve Bank of Atlanta. His experience and skill in public company accounting, compliance and reporting make him qualified to serve as Chairman.
Barton R. Budman CFO/Director
Mr. Budman is a Certified Public Accountant licensed in the state of Florida. Since 2007, Mr. Budman has served as the Chief Financial & Operating Officer for a world renowned mega-yacht manufacturer, chartering company, and real estate investment & development organization, Broward Yacht & Marine / LPI Holdings, LLC with total annual revenue in excess of $135 million. From 2002 to 2007, Mr. Budman held a Partner position at a regional accounting and consulting firm, Garcia, Espinosa, Miyares, & Co, where he was instrumental in co-building and managing the firm. While with the accounting firm, Mr. Budman practiced in all areas of public accounting including tax, accounting and auditing, operational business consulting, mergers and acquisitions, litigation support, initial public offerings, SEC compliance, and financial and tax transactional due diligence serving public and privately held clients. He also worked as a Senior Audit Manager and Consultant for the accounting firm from 1997 to 2000. From 2000-2002, Mr. Budman served in a variety of executive level financial positions at Tech Inspirations, a venture capital firm based in Miami, and as Chief Financial Officer for XBOX Technologies, a publicly held technology incubator eventually acquired by Microsoft Corporation. Mr. Budman holds dual BBA degrees in accounting and finance as well as a Masters of Business Administration from the University of Miami.
Carlos F. Cordón, Director
C ommercial liaison, since 2011, for the development of telecommunications, mining and energy projects between the Chinese Government Foreign Development Agency and the Central American Business Community. Founder and Director of Tacontento International Corp, a chain of Mexican restaurants with more than 20 locations in five countries. Founder and Director, Los Ranchos, Guatemala, 1994-2011, a steak house chain, with more than a dozen location in 4 countries, including several locations in south Florida. Founder and Director, Yogen Fruz, Central America, Central American Franchisee, 1992-2011, Yogen Fruz is a publicly traded Canadian company and one of the largest frozen yogurt franchising companies in the world. Founder and Director, Mayan Republic Brand, Director and Member Asociación Guatemalteca de Franquicias and Guatemala Rainforest Foundation. Member Asociación de Gerentes de Guatemala.
The Chloride Copper Project
Kingman, Arizona
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
The copper deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at this property is in the form of mineralized lenses contained within a paleochannel a few thousands of feet long and up to 750 feet wide. The source of copper is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Emerald Isle deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.
Past exploration (seismic survey by Arimetco) results suggest that a paleochannel similar to the one hosting this deposit may be present south of the current open pit however there can be no assurance at this time that such a paleochannel actually exists.
The Rizzo Report done in 2012, increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13M lbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources.
Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50M lbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uplo...Report.pdf
Chloride Copper Mine History
The Chloride Copper Mine, historically known as the Emerald Isle mining operation was originally developed as a venture between the U.S. Bureau of Mines (U.S.B.M.) and the mining division of El Paso Natural Gas, El Paso Mining and Milling.
The U.S.B.M. underwrote the development of the project to expand its background in the leaching of oxide copper ores. It was thought the operation would pay for the study, which it did and it operated successfully until 1973, when the Bureau determined that its research objectives had been achieved. It assigned its interest in the project to El Paso and continued testing privately until 1974.
The Mine was purchased in 1980 by TSC Enterprises from El Paso Mining and Milling. In 1992 TSC applied for and was granted an Aquifer Protection Permit (APP) # P-101846. In the period from 1991 to 1995, TSC designed and constructed a heap leaching (SX-EW) facility to produce cathode copper and it operated until 1996 when copper prices declined so the operation was shut down to conserve the reserves.
After a period of inactivity at the mine and plant SGV Resources purchased the facility on September, 30, 2004. SGV updated and expanded the resource estimates at the mine and they also attempted to update many of the permits on the site but financial problems halted the progress on the site.
In April 2010 Sierra Resource Group Inc. acquired the rights to the property with the plans to update the permits to the mine and SX-EW Plant and bring the site back into full production. Thus creating new jobs and tax base for Mohave County while cleaning up some of the issues that have been created due to the past mining operations.
In September 2011 SIRG began a capital budget assessment for retooling the plant and equipment..
In April 2012 SIRG completed the capital budget assessment for retooling the plant and equipment,
a Mine Plan of Operation for permitting which was submitted to BLM on May 24, 2012 and accepted in July. We are currently waiting for the EA approval.
Here are the permit numbers for the Chloride Copper Mine.
Aquifer Protection Permit #P-101846 (ADEQ) issued June 4, 1993 for life of the project
Air Quality pending Class II Source (ADEQ) filed Dec.5, 1995, amended December 21, 1995
ADEQ-Mining Plan of Operations MPO 388-K-03 issued Dec., 1988, Life of Mine Revised October 15, 1993
Notice of Restart
ADEQ Air Quality (pending) Dec. 5, 1995 (most probably not required)
ADEQ APP Dec. 22, 1995
BLM Dec. 5, 1995
NPDES Storm water runoff discharge AZR00B094 issued April 4, 1996 (US E.P.A.)
Deposit Type Mineralization
There are three types of copper mineralization at Chloride Copper Mine, as follows:
- The first type is primary fissure vein mineralization containing copper sulphides (Thomas, 1949). This was the type of mineralization which was mined in 1917 and 1918, but is no longer the target at the present time.
- The second type is blanket type primary copper mineralization and has been the exploration target during the past twenty years. It occurs within the dark conglomerate and is reported to consist primarily of tenorite (CuO). This mineral is sometimes called copper pitch or melaconite and “much of it seems to be cryptocrystalline or amorphous” (Williams, 1992). It is the pitchy dark brown to black material which commonly occurs within the Gila Conglomerate.
- The third type of mineralization is represented by secondary copper minerals, in the form of copper staining, such as malachite (CuCO3.Cu(OH)2) and chrysocolla (CuO.SiO2.H2O). These minerals occur on fracture planes as well as within the matrix of the dark conglomerate. Minor cuprite (Cu2O) and dioptase (H2CuSO4, a rare mineral of copper) have also been identified. Chrysocolla also occurs as a thin veneer around tenorite grains (Williams, 1992).
Manganese oxides are also commonly present with the first, second, and third type of copper mineralization at the Chloride Copper Mine.
The Chloride Copper mine as seen on Google Earth
Pre production operations include a new heap pond, repair of the PLS pond, Reconstruction of the raffinate pond and replacement of heap piping and pumping.
The SX/EW facility will be expanded and repaired.
Estimates for the work to re-open the mine are $4,218,829 to $6,741,537
This is the leach pond.
The concentrate is pumped up to the processing unit. |
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This is the SX/EW plant showing the Electro-winning cells.
It will be expanded to increase production. Materials for the expansion were purchased by the previous owner and are onsite.
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J. Rod Martin, SIRG CEO, speaking at the Chloride Town Hall Meeting hosted by SIRG for the locals and BLM agents on June 6, 2012. Rod announced Sierra hopes to start construction in December and have the mine begin producing copper in 2013.
Pictures of the mine taken in December of 2013.
Chloride Copper Mine Storage Buildings and the office trailer.
The heap leach pad.
The heap leach pond still holds water after 20 years.
It will be enlarged and a new liner installed.
Paul C. Rizzo Associates, Inc. (RIZZO) was retained by Sierra Resource Group (SIERRA) to assist in the planning and development of the Chloride Copper Project near Kingman, Arizona. The Project was formerly known as the Emerald Isle Copper Mine that produced copper from underground and open pit operations sporadically from 1915 to 1993. The most recent operation was that of mining copper oxide ore from an open pit and processing the ore through heap leach and solvent extraction-electro winning (SX/EW) technologies. SIERRA retained RIZZO to:
Develop a Project cost estimate and schedule for SIERRA to bring the mine back into operation
Provide necessary permitting support including preparation of a Mine Plan of Operation including Rights-of-Way applications, and Draft Environmental Assessment for acceptance by the U. S. Bureau of Land Management.
Provide 30% design report providing line diagrams and specifications for refurbishing the SX/EW plant
Provide 30% drawings for heap leach pad and associated process and contaminated runoff collection ponds.
Provide 30% drawings for expanding the open pit and reclamation of the pit and other facilities.
Assessment of known resources and a detailed assessment of “readily available ore” for initial mining (next 3 years) while preparing for expansion from 13,600 pounds of copper per day to 18,000 pounds per day.
In addition, RIZZO has provided considerable documentation to support SIERRA in their financing of the Project.
Background
SIERRA, a Nevada Corporation, owns the Emerald Isle Mine (now Chloride Copper Project). It is located within the Wallapai mining district, a 4 miles wide and 11 miles long mining district defined by the known lateral extent of base and precious metal veining. The Wallapai district is located in Mohave Co., Arizona. The mine property consists of 37 unpatented lode claims and 14 mill-site claims. The total area held by SIERRA amounts to approximately 156 acres. SIERRA, as the owner operator, intends to occupy the claims and develop the mine to extract copper (approximately 1,940,000 tons) from a defined readily available ore deposit. SIERRA intends to refurbish the existing SX/EW plant and construct a new heap leach pad to process and recover elemental copper from existing copper oxide ore from previously mined stockpiles and the upper portion of the open pit. Mining of readily available ore will occur with conventional ripping, excavation, and crushing techniques. The mine is planned to operate primarily within the footprint of past mining activities with minimal disturbance or incursions onto undisturbed parts of the site (less than 12 acres).
The Chloride Copper project highlights RIZZO’s experience with the following tasks:
Resource Assessment;
Environmental Permitting;
Civil Engineering including site layout;
Geotechnical Engineering including slope stability analysis;
Hydrology and Aquifer Studies;
Mine Process Engineering; and
Design Drawings and Specifications.
View Projects
Underground/Tunneling
Open Pits
Chloride Copper Project
Gualcamayo Tunnel System
Minera Escondida
Tailings Dams
http://www.rizzoassoc.com/cms/projects/mining...roject=663
Copper is an essential metal for plumbing and wiring.
Here are some products produced with copper.
  
 
   
anyplace where more than one person uses a keyboard.
Sierra Resource Group, Inc.
9550 S. Eastern Ave.
Suite 253
Las Vegas, NV 89123
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation.
Florida Offices in Miami, Fort Lauderdale, West Palm Beach and Orlando.
CDM Smith will prepare all materials for the APP permit transfer, will prepare the BADCT demonstrations for the new facilities as contemplated by Sierra for future operations, will prepare the Amendment (Modification) Application package and final application for submittal and will fully manage the project to completion including handling all meetings with ADEQ and Sierra.
"We looked at a host of well qualified companies to handle this very important permit process and feel confident in our selection of CDM Smith," said J. Rod Martin, Chief Executive Officer of Sierra.
CDM Smith is an international company with an office in Phoenix at:
4835 East Cactus Road
Suite 360
Phoenix, AZ 85254 USA
+1.602.281.7900
Contact Info
4045 South Spencer Street
Suite 403
Las Vegas, NV 89119
Tel: (702) 361-3033
Fax: (702) 433-1979
e-mail: info@pacificstocktransfer.com
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Class A Common Stock:
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Authorized for Issuance:
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970,000,000 |
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Outstanding:
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369,223,884 |
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Reserved for Issuance:
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272,083,333 |
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Authorized and Unreserved for Issuance:
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328,692,783 |
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Class B Common Stock:
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Authorized for Issuance:
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10,000,000 |
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Outstanding:
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0 |
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Reserved for Issuance:
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0 |
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Authorized and Unreserved for Issuance:
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10,000,000 |
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Preferred Stock:
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Authorized for Issuance:
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10,000,000 |
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Outstanding:
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1,000,000 |
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Reserved for Issuance:
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0 |
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Authorized and Unreserved for Issuance:
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9,000,000 |
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SCHEDULE 14C/A - November 9, 2012 http://www.otcmarkets.com/edgar/GetFilingHtml...ID=8906973
SIRG - Security Ownership of Management:
J. Rod Martin – CEO and Director 5,530,000 1.5 %
Barton Budman – CFO and Director 8,000,000 2.2 % 1.1 %
Timothy Benjamin – Chairman of the Board 4,576,000 1.2 %
Ricardo Cordón – Director 5,710,000 1.5 % *
Michel Rowland – Director 300,000 * *
Carlos Cordón – Director 3,500,000 **
All Directors and Officers as a Group
27,616,000 6.5 %
Additionally Rod owns 9,700,000 shares in 5277 Partners LLC that he purchased in Oct 2010 as an investment.
Mr. Benjamin acquired 710,700 shares on August 3, 2011 at $0.0028 .
Mr. Cordón acquired 1,000,000 shares on June 5, 2011 at $0.0075 per share.
Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share.
Total shares held by insiders is 27,616,000
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