Sunergy Update: 2010 Operations on Its 150 Sq. Km. Ghana Gold Mining Concession About to Commence With Focus on Near Term Produc
September 09 2010 - 7:07AM
Marketwired
Sunergy Inc. (the "Company") (PINKSHEETS: SNEYD) reports the
following update on the planned operations on our 150 sq. km.
Nyinahin gold mining concession, located in Ghana, West Africa.
During Q'4 2010 our plan is to test and evaluate the alluvial gold
recovery potential along the Offin River which runs through the
eastern portion of the concession for about 10 km. By bulk sampling
the numerous existing artisan pits along the river on our
concession and developing a grid with new sample pits, we will
establish the necessary information to enable a strategic near term
targeted high grade production decision. The operation is planned
to commence shortly.
The Offin River is a southwestern-flowing waterway in Ghana. It
flows through the Tano Offin Reserve in Ghana's Atwima District.
The Offin and the Pra rivers form the boundary between Ghana's
Ashanti and central regions. Dunkwa-on-Offin is a major town on the
river. Gold is mined from the river's sediment. The Offin
tributaries also offer good gold recovery historically. Bonte
Alluvial Placers, Ghana's largest alluvial gold producer, is
located on Sunergy's eastern concession boundary. Newmont Mining
joins our western boundary.
There is no evidence of any large scale alluvial gold
exploitation historically on our Nyinahin concession, so any
mineable gold should still be in place. There are numerous artisan
pits along the Offin River and its tributaries on our concession
that suggest the abundance of contained alluvial gold. Historical
and current alluvial gold production on the Offin River is well
documented and a more comprehensive discussion will be presented in
an upcoming press release.
In addition to alluvial gold recovery, this cornerstone project
also offers substantial hard rock exploration potential in three
large geochemical gold anomalies, as well as hosting linear
features similar to those identified in nearby gold mining areas
that, according to reports, warrant a vigorous exploration effort.
Some larger mining Companies operating in the area have already
expressed interest in evaluating the hard rock mineral potential on
our concession.
We are currently evaluating additional immediate gold production
acquisition opportunities in Ghana to establish early cash flow
which should aggressively advance our shareholder value. In
addition to the recently announced Allied Mining and Supply, LLC
planned acquisition in Sierra Leone (See September 7, 2010 Press
Release), the Company is also evaluating acquisition targets for
near term gold production elsewhere in West Africa to broaden its
mineral portfolio base.
NOTICE: Investors should
be aware that recent market activity may be the result of the
forward split and/or market awareness activity contracted for by
third parties and should not be construed to be any reflection of
any instability or negative corporate matters. The Company has not
contracted or issued any shares to any Investor Relations parties.
Any compensation has only come from third parties who may have
contributed their existing shares to retain this activity. Abnormal or unusual selling
activity, therefore, is not associated with any corporate
activities. The Company's fundamentals remain strong and growing
substantially and Management is confident that the market for its
shares should stabilize to reflect this in the near term. Investors
are encouraged to do their own due diligence before investing in
our Company's shares.
About Sunergy: The Company is an aggressive junior mining
exploration and development Company that is production oriented at
the earliest possible profitable opportunity. We control 100% of
the 150 sq. km. Nyinahin mining concession with a full prospecting
license. The concession is surrounded by several operating mines
and is adjacent to Newmont Mining's property. This concession has
the Offin river flowing through our eastern portion and there are
numerous artisan pits ready for testing and evaluation for near
term production. The Offin river is historically known for good
alluvial gold production. The Company is acquisition oriented and
poised for rapid growth. The Company is also involved in
facilitating petroleum supplies to Ghana through its affiliation
and strategic alliance with a Global Petroleum Trading and Supply
company and plans to expand its petroleum influence in West
Africa.
Further information is available on the Company's website
www.sunergygold.com
Notice 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 Mining Concession and on the completion
of the planned Allied Mining and Supply, LLC acquisition.
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.
Contact Info: Steve Parent Investor Relations Sunergy Inc. 14362
N. Frank Lloyd Wright Blvd Scottsdale, AZ 85260 Phone: 480.399.7222
steve@sunergygold.com www.sunergygold.com