Sunergy Dredgemaster David Price Is Ready to Commence Operations of Three Dredges in Sierra Leone & Two Dredges in Liberia, A...
January 31 2014 - 7:50AM
Marketwired
Sunergy Dredgemaster David Price Is Ready to Commence Operations of
Three Dredges in Sierra Leone and Two Dredges in Liberia, All
Operating on Gold and/or Diamond Recovery for Immediate Monthly
Cash Flow
SCOTTSDALE, AZ--(Marketwired - Jan 31, 2014) - Sunergy, Inc.
(the "Company") (OTCQB: SNEY) is pleased to announce that
Dredgemaster, David Price, has managed to get all three company
dredges in Sierra Leone ready for operations and is locating them
in three separate productive gold and/or diamond operations. He has
also arranged for two new additional dredges to be deployed in
Liberia under our recently acquired 1,000 acre mining agreement in
a historically known rich diamond and gold area.
Company President and CEO, Garrett Hale comments: "Dredgemaster
has really taken the bull by the horns for Sunergy and has managed
to put together equipment and matched this equipment with immediate
productive opportunities on very favorable terms for our Company in
Sierra Leone and Liberia. Two projects commence in the next couple
of weeks and reconnaissance for the third finalizes next week and
equipment and crews will move in to begin dredging and recovery
operations immediately thereafter in Sierra Leone. Mr. Henry
Lansana, a Sierra Leonian by birth has recently returned to Sierra
Leone from California on Sunergy's behalf and has brought
substantial opportunities for high grade operations in diamonds and
gold. Mr. Lansana served as a security person for former Sierra
Leone Vice President, Joe Demby and is a highly regarded individual
in his homeland and has committed his efforts exclusively for
Sunergy. In addition, David Garnett, a close family friend and
relative of Henry and a Sierra Leone native and resident, is being
trained as an apprentice to Dredgemaster and has committed his
efforts exclusively to Sunergy. David and his wife are
directly responsible for our newest Diamond and gold opportunity in
association with very prominent and respected Sierra Leone
individuals and mining sites second to none in the country.
Management representatives are travelling to Liberia and Sierra
Leone to assist in these start up activities."
David Price, Dredgemaster, comments: "I am quite pleased to be
organizing Sunergy's operations both here in Sierra Leone and in
Liberia. Both Henry and David are capable of running and
supervising Sierra Leone operations. I will be in and out during
our full year of planned operations. I am heading for Liberia in
the next week or so with the equipment to start our new dredging
operations for gold and diamonds. I will be assisted by Bill
Thompson, from Fort Lauderdale, Florida, a friend of Sunergy for
several years and the individual responsible for our ability to get
fully organized for profit in Liberia. Bill's long term friend
and classmate in the US is resident in Liberia and these important
local connections have enabled us to get started on prime
properties with quality people involved. We will establish quality
operations crews in Liberia and will be joined by Hans Strand from
Napa, California to share supervisory obligations in both
countries. When I am in Sierra Leone, Hans will be in Liberia
and vica versa. So, in a nutshell, we have accomplished a lot in
the last few weeks and are now really ready to launch. We have
competent crews operating for us and top notch security in all
these operations. I am also pursuing an additional dredge in
Liberia and expect to be able to deliver on our statement to try to
have 6 working dredges by mid-February."
We expect to report recovered weights of our recovered gold and
diamonds on a monthly basis. This is because final diamond sales
will not take place in Africa, rather they will move upstream to
achieve better pricing for our company. We are establishing
relationships in Dubai and other favorable places where diamonds
are polished and cut. Just before management returned from
Africa before the Holidays, the largest diamond ever found in
Sierra Leone was recovered less than 1 km. of our new operations
area in the Sewa River in the Kono district, Sierra
Leone. This diamond weighed 126 carats.
Recovered gold will also leave Africa for a refinery, most
probably in Toronto, Canada or Dubai. The final site will be
determined by both ease of shipment and future tax consequences.
Actual revenues received will be reported in our quarterly and
annual reports to be filed with the SEC.
It is Sunergy's policy to not address rumors or unofficial
disclosures in Company communications. The Company is committed to
transparency and will actively investigate any and all matters that
warrant investigation and when we have official matters to disclose
we will promptly do so.
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 have changed our
operating model to focus our owned equipment exclusively on cash
flow producing opportunities. We intend to maintain our
substantial exploration licenses and conduct operations from excess
cash flow from our new operations. Our plans for the pilot plant
for Rare Earth development and separation has been put on short
term hold subject to adequate financing for that purpose or
sufficient excess cash flow to start that process. 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, cash flow
developments or exploration of any of our exploration licensed
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