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Sunergy Inc SNEY:OTCQB
Sunergy Retains Professional Geologist Alieu Mahdi of Geo Resources (SL) Limited To Oversee All Field and Administrative Company Operations in Sierra Leone, Undertakes Complete Concession Geological Review and Implements Year Round Operations.
PR Newswire
9:28 AM ET
Sunergy, Inc. (the "Company") (OTCQB: SNEY) is pleased to announce that we have retained Geo Resources (SL) Limited and Alieu Mahdi, Consulting Geologist to oversee all Field and Administrative operations in Sierra Leone. Mr Mahdi is a senior geologist in Sierra Leone and as such commands great respect from his peers and country administrative agencies. Mr. Mahdi's staff will supervise the exploration and testing on our Pampana River Project outside Magbruka, leading to the commissioning of our planned Pilot Plant operations.
Sunergy President Garret Hale says: "A round of entirely fresh samples, collected under Mahdi's supervision will assure transparency and accuracy both to our shareholders and the Minerals Commission in Sierra Leone. Our current mission is to col lect whatever information that has been produced on the Pampana, by Allied and others historically and start a complete reconnaissance of the concession to determine where to carry out additional exploration activities designed to establish resources and reserves while identifying the most prospective areas to develop cash flow. Sunergy's ongoing mission to install professional management at all levels is progressing rapidly."
He further states: "The Pampana River area covered by our 140 sq. km. concession has a strong history of gold exploration and production. The recent discovery by Allied of the Rare Earth Elements (REE's) has only increased the potential value of this project. We wish to share some of this historical information as a reminder that this is a very large project which contains substantial economic minerals which are readily recoverable. In 2011, Allied focused on the discovery and development of the REE's component of this project, in a relatively small area. 2012 was spent reorganizing operational focus and lab testing of the gold and REE's to further understand the scope of this vast opportunity. 2013 is now focused on the land based resources as well as the river resources. This gives us the opportunity to operate year round rather than being shut down during the rainy season. There are exposed gold quartz veins and anomalies on several areas of the concession. Winter operations will be conducted on land and in pits adjacent to the river and operations are planned to be continuous."
Sunergy is currently having its operations supervised by Geo R esources personnel which will result in a report of contained gold and quantity of Black Sands per operational ton in operational conditions. All gold will be collected and brought to a secure location for safekeeping weekly. The remaining black sand concentrates will be packaged and sealed and stored for further testing and processing by our planned pilot plant, once operational. Further exploration on land based operations is also planned. The report should be available within two weeks or so. President Hale plans a return visit for a longer period around that time.
The following information is contained in its entirety on our website www.sunergygold.com under "projects" in our AMS Concession Report 2010. If you have not read this information, the following is an excerpt:
"Verified grades on river bank pits approached 10g/t; however more typical grades using random sampling were in the 1-2g/t range. The Company expects future drilling and bulk sampling to also reveal grades in that with occasional heavy mineralization. Stripping ratios should fall within 2:1 to 5:1 to one range making recovery highly cost effective. Heavy mineral sands were encountered throughout the prospect and in all gravel deposits. Previous assays on these sand types (REE's) proved them to be a valuable secondary resource in commercially exploitable grades. Gold purity averages 90%+. The historical data estimates the potential value of the prospect to be in excess of $500,000,000 at gold's current value holding steady at well over $1,000 per ounce."
In the same report, Alieu Mahdi of Geo Resources (SL) Ltd. did an analysis of previous work conducted on the Pampana River in areas within the AMS concession. He came to the following conclusion: "In determining the possible volume of auriferous gravels within EXPL 7/94, gravels within the present Pampana channel are discussed separately from those developed in the flats and terraces flanking the Pampana river bank.
