SCOTTSDALE, Ariz., Jan. 4, 2012 /PRNewswire/ -- Sunergy, Inc
(the "Company") (OTC: SNEY.PK) is pleased to announce that it has
received further analytical results on its Pampana (Sierra Leone, West
Africa) Heavy Mineral Sands. Using lower analytical
detection units than previous tests at Currenta's analytical
laboratory in Leverkusen, Germany,
we have discovered that the sands contain potential economic
quantities of Silver, Platinum and Palladium, in addition to the
known Gold and Rare Earth Elements.
This discovery warrants a more sophisticated initial
process/separation treatment in what was previously thought to be
an initial solution targeted at free gold. In addition to the free
gold, there is substantial contained gold in the sands that require
more advanced separation techniques than those proposed in our
June 2, 2011 Press Release.
These new tests and results have been overseen by Alexander Beckmann, our Advisory Board Member
from Cologne, Germany (See Press
Release dated 8/8 2011). Mr. Beckmann comments: "These
results are some of the strongest that I am aware of for alluvial
sands. I suspected that the PGM metals may exist but we had no
support from the previous analytical work. Lowering the
detection limits and requesting the specific PGM (Platinum Group
Metals) tests allowed these and other precious metals (Silver) to
reveal themselves. The quantitative results have ranged from 4 to
the mid 100's for Palladium, the mid 10's for Platinum and 170 ppm
for Gold except for Silver which is in the range of several hundred
ppm (1 ppm = 1 gram/ ton). Analytical testing is ongoing and
results will be published once enough material has been tested to
give representative results."
He continues, "It is my considered opinion that these PGM's may
exist in a fraction that we may have previously overlooked and
discarded. I have proposed a four phase recovery and separation
process that would certainly recover a higher percentage of these
rare valuable metals. The first Phase is dedicated to the highest
possible recovery of the gold, Silver and PGM's which are readily
marketable to create early cash flow. Phase 2 is dedicated to the
Coltan minerals with their elements Tantalum and Niobium,
which are also present and readily marketable. Phase 3 and 4 are
dedicated to the enhancement of the remaining valuable strategic
and rare earth elements, which once separated or concentrated, are
also highly marketable."
Beckmann remarks, "Because we have access to excellent
analytical methods and existing processing equipment, I recommend
that we conduct this process initially where we have adequate
existing facilities. Once we have determined the highest and best
methods for recovery and separation we will evaluate the
feasibility of setting up a process facility near our Pampana
operation."
Bryan Miller, President comments:
"Discovering these additional valuable metals in our already rich
Heavy Mineral Sands has the potential to substantially increase and
accelerate our early cash flow. We now believe we can increase the
PGM content by retaining that portion of the sands we had until now
discarded during the field concentration process. Our
original focus was to recover the free gold as Phase 1, but
we have now determined that the substantial contained gold,
silver and PGMs will be in the initial target of our newly designed
processing operation. Mr. Beckmann brings considerable expertise
and practical knowledge of these metals to the Sunergy operation as
noted below."
Alexander Beckmann has 20 years'
experience in applied mineralogy, mining, extraction/mineral
processing, processing of non-iron metals, process engineering and
optimization, cost reduction of existing processes and material
science. He has had project involvements in Africa, Asia,
Australia, Europe, South
America, and has been a consultant for major mining and
smelting companies in Asia and
South America. Beckmann founded
Agricola in 2001, having invented and been granted patents for new
processes for copper, precious metals and PGEs at the end of the
'90s. He also invented new processes for the de-arsenification of
non iron concentrates (i.e. copper). He joined the Faculty of
Applied Mineralogy at the University of Cologne in 2000, using this time to develop
the technology further. Prior to this, he spent several years as a
prospector in Southern Africa.
During this time he also worked on selective inductive microwave
heating of minerals in order to change physical properties of
minerals and elements for new process designs i.e. as a potential
separation method. Following the completion of his Masters Degrees
in Applied and Specific Mineralogy, Physical Metallurgy, Geology
and Ore Mineralogy, Alexander joined the Deutsche Luft-und
Raumfahrt (DLR, German Aerospace and Aviation Centre) in the
department of material science, before moving into a role as
assistant to the Vice CEO, responsible for the areas of aviation,
satellites, personnel, controlling & law. Beckmann also has
undergraduate degrees in Chemistry, Physics and Mathematics.
Please visit the Sunergy website www.sunergygold.com and review
further information such as Company Reports under Projects,
Previous Press Releases and SEC filing information under Investor
Info.
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 in Ghana, West Africa and the 140.1 sq. km. Pampana
River Rare Earth, Gold and Diamond concession in Sierra Leone, West
Africa. We are currently operating dredges on the Pampana
Project. We are production and acquisition oriented and are
considering several additional projects suitable for near term
production in West Africa.
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 and Pampana Mining
Concessions.
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: Bryan Miller,
President 707.738.4280
bryan@alliedminingandsupply.com
Sunergy Inc.
14362 N. FRANK LLOYD WRIGHT BLVD | SCOTTSDALE AZ 85260
Phone: 480.477.5810 | Fax: 480.477.5811
Investor Relations: Steve Parent 480.326.5435
steve@sunergygold.com
SOURCE Sunergy Inc.