Sunergy Update: Pampana Concession Renewal Filings, Permits and Associated Fees Have Been Paid and Filed in Sierra Leone and ...
August 01 2013 - 8:27AM
Marketwired
Sunergy, Inc. (the "Company") (OTCQB: SNEY) is pleased to announce
that all filings, permits and associated fees have been paid and
filed with the Minerals Commission in furtherance of our 4 year
renewal application for our Pampana River Exploration license in
Sierra Leone. The Company has also requested our "Order to pay" and
await final Minerals Commission Board approval. EXPL 5/2009 was a
renewable exploration license and the renewal submission is
complete. We expect the "Order to pay" any day, once the Minerals
Board finalizes its business. Our new work plan involves
exploration on the terraces that flank the Pampana which can be
done in all seasons. Our plans for the pilot plant for Pampana are
still very much alive as well.
To clarify from our previous PR issued on June 1, 2013, our
Pampana operations were VOLUNTARILY stopped by Company personnel at
the advice of Alieu Mahdi, consulting geologist. His suggestion
contemplated our waiting until the administrative process for
renewal on Pampana had been completed. He encouraged our personnel
to begin due diligence on the project discussed below and others
during this time.
Another proposed gold, rare earth and diamond operation that
will offer immediate cash flow opportunities has advanced
substantially, in another highly prospective region for diamonds,
gold and black sands in Sierra Leone. We are looking to add
operations wherever possible subject to capital budgeted for those
operations. Our focus going forward will be on operations that will
allow cash flow through sale of diamonds, gold and REE's (Black
sands).
Our former Country director Mohamed El Tayyib Bah is no longer
associated with our Company or its operations. We wish him well in
his public service role that he has elected to pursue in service of
the Sierra Leone people. We are currently evaluating other suitable
persons who may best serve our needs going forward.
Company President Garrett Hale says; "This is really an exciting
time for us. We plan to expand our cash flow opportunities this
year while continuing the exploration/development of our Pampana
Concession. We are planning to work closely with local artisanal
miners in the recovery of diamonds, gold and rare earths this year
and sell these products. The diamond market is certainly on the
move and demand already outstrips supply by 2 to 1. Alluvial
diamonds offer the finest specimens of all according to recent
statistics, and we have identified a very prospective area."
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. Our Facebook and Twitter sites are quite active, so please
visit our website to access those links.
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 operating exploration dredges on the Pampana Project
and are advancing operations there to the installation of a
commercial pilot plant to separate the gold and selected other
valuable minerals for sale. We are always open to Joint Venture
participation on all our projects. We are production and
acquisitions oriented and are considering several additional
projects suitable for near term production.
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: President: Garrett Hale 707.255.5836
garrettsvp@gmail.com Investor Relations: Steve Parent 480.326.5435
steve@sunergygold.com Sunergy, Inc 14362 N. Frank Lloyd Wright Blvd
Suite 1000 Scottsdale, AZ 85260 Tel: 480.477.5810