KINGMAN, Ariz., June 4, 2013 /PRNewswire/ -- Sierra Resource
Group, Inc. (OTCBB: SIRG) (the "Company" or "Sierra") announced
today that it continues to make progress in its efforts to re-open
the Chloride Copper Mine (the "Mine"). The Company awarded its
Aquifer Protection Permit ("APP") work with Arizona Department of
Environmental Quality ("ADEQ") to full-service engineering and
construction firm CDM Smith (www.cdmsmith.com) in August 2012. Sierra has now also engaged CDM
Smith for the work associated with its Air Quality Permit (pursuant
to the Clean Air Act), as well as all electrical work associated
with building of the substation and all the other electrical needs
required to re-start mining operations.
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"CDM Smith has done a terrific job with our APP Permit and the
ADEQ, and we felt they are supremely qualified and the right group
to handle the Air Quality Permit as well as the needed electrical
work," said J. Rod Martin, Chief
Executive Officer of Sierra.
Mr. Martin went on to say that CDM Smith's expertise and
commitment to continually improving environmental value and quality
of life fits well with Sierra's own commitment to operating
responsibly and maintaining environmentally friendly policies while
impacting the local economy in a positive manner that allow its
shareholders to take pride in their investment.
About the company:
Sierra Resource Group Inc. (OTC Bulletin Board: SIRG) is a U.S
based exploration and mining company committed to the exploration,
discovery and development of gold, silver, copper and other mineral
resources. Sierra's primary asset was 90% ownership of the Chloride
Copper Mine (the "Mine") located near Kingman, Arizona. Now after acquiring the
remaining 10% minority interest, Sierra owns 100% of the
Mine. The technical report, NI43-101, by Scott Wilson Roscoe
Postle Associates March 10, 2006,
estimates the Chloride Copper Mine contains 27,000,000 pounds of
copper.
Sierra plans to use open pit mining and plans to reopen the
existing SX/EW plant on site with a maximum capability of producing
up to 5,400,000 pounds of Copper Cathode per year.
Sierra's Management and Board of Directors consist of expert
geologists, mining professionals and experienced business
people.
FOR INFORMATION CONTACT:
Sierra Resource Group, Inc.
Ph. 702.462.7285
For more information visit our website:
www.sierragroupinc.com
J. Rod Martin CEO
info@sierragroupinc.com
Safe Harbor Statement under the Private Litigation Reform Act
of 1995. Forward-looking statements in this document do not
constitute guarantees of future performance. Such forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those anticipated. You can
anticipate that actual results will be different due to the
inherent uncertainty of estimates; forecasts and projections may be
better or worse than projected. Forward-looking statements may
relate, among other things, to expected financial and operating
results and the Company's ability to achieve its goals, plans and
objectives. The risks and uncertainties that may affect
forward-looking statements include among others: the Company's
limited operating history, the speculative nature of the Company's
planned operations, difficulty in developing new projects,
difficulty gaining necessary governmental approvals, the Company's
lack of market research and marketing organization, the Company's
inexperience in operating internationally, and difficulty managing
rapid growth. At this time, there can be no assurance that the
Company will successfully complete the permitting processes
referred to in this press release or obtain the financing it needs
to execute its plans. For a more detailed discussion of the risks
and uncertainties of Sierra Resource Group's business, please refer
to the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2012, the
Company's Quarterly Report on Form 10-Q for the period ending
March 31, 2013, and the Company's
Reports Form 8-K, all as filed with the Securities and Exchange
Commission, and as subsequently amended. The Company assumes no
obligation to update any forward-looking statement contained in
this press release or with respect to any of the information
described herein.
SOURCE Sierra Resource Group, Inc.