Sunergy Update on West Africa Diamond and Gold Mining Operations
and Other Plans for Success in 2014
FREETOWN, SIERRA LEONE--(Marketwired - Mar 12, 2014) - Sunergy,
Inc. (the "Company") (OTCQB: SNEY) is pleased to provide this
update for our West African operations and share our plans for
success in 2014, as follows:
SIERRA LEONE: As of today, our Kono Diamond and Gold operation
has started with Dredgemaster David Price and our geologist
commencing several strategic test pits to determine the depth of
topsoil and overburden covering the number 5 sand level. This will
determine the quantity of earth to be moved and stored for
reclamation purposes. The depth of gravels (pay zone) will also be
measured to determine the quantity of gravels required to be
processed thru our existing wash plant. We have located another
500ton/hour wash plant that Price is considering deploying if
required at a later date. Our two 8" dredges are working closer to
Magburaka but will move up to Kono once we establish our new base
of operations there. There is a discussion that one dredge may
operate in a diamond and gold rich area near Kenema, another
diamond and gold center in Sierra Leone.
Prince Saquee, Chairman of the Diamond and Gold Dealers
Association in Kono, said: "I am pleased that we are starting this
year round operation for recovering diamonds and gold in my
community. Sunergy will work closely with my local artisanal
miners and this will provide them a new level of prosperity. I will
personally assist in every way that I am able to insure a
successful and highly profitable operation."
LIBERIA: We are starting testing under a reconnaissance license
with our local geologist to be fully compliant with the local laws.
Once test results are in, additional mining licenses will be
brought under our sponsorship for our planned year round diamond
and gold operations. Prior to the conflict in Liberia, local
hand miners worked in this area and recovered millions of dollars
in diamonds and gold. Our operations will support these local
miners by adding our two 6" dredges and additional equipment as
allowed by Minerals Commission. In less than 10 days, Dredgemaster
Price will be in Liberia to start the dredging operations. We
now have an executed agreement to operate on up to 1,000 acres with
our initial area to be 300 acres.
THE GAMBIA: We have been fortunate to have been granted an
agency agreement to represent a Canadian Airport Security Company
who works with the support of the Canadian Export Development
Bank. This Company's technology is currently at work in all
five terminals at Heathrow and at Gatwick, UK, in Frankfurt and
Zurich, Germany and Abidjan, Ivory Coast, Africa. Negotiations
are ongoing and more details will be provided at closing, which
looks very positive. This resulted from our association with ATA
Systems, our manufactured affordable housing partner. Six
large plots of land have already been set aside to receive our
affordable housing models in different areas of this small
country. Details regarding site servicing with sewer, water,
electricity and roads are being worked thru at this time. Once
any conclusion is reached we will immediately announce the details.
All security and housing operations will be conducted through our
partnership Gambia corporation, Sunata Company Limited. Sunata, is
a combination of Sunergy and ATA, but we discovered our name,
Sunata, is derived from a Sanskrit word that refers to the hidden
potential existing in all things when we can see them unobscured by
our customary filters. To uncover that potential, we need to
see ourselves, others, and even external forces, with a new
eye.
SENEGAL: We have been invited to submit a proposal to provide
5,000 houses per year over 5 years. Details will be made
available as we progress. If accepted, we will assist to
locate a housing factory locally in order to facilitate a cost
effective solution to the acute housing need in this country. Our
proposal is up for consideration next week.
GHANA: We are evaluating our future activities in
Ghana. Joint Venture discussions are still underway, and
special permissions are required to operate alluvial on our full
prospecting license. These matters take time and costs are
significant. Results will be published when available.
Sunergy President and CEO, Garrett Hale, says: "We have
substantial opportunities on our plate and the best part is
Management has been able to secure these projects with Sunergy
operating under agency type arrangements. There are virtually
no significant capital requirements to reap the benefits from the
Airport Security and Housing projects, some local travel from
Freetown or Monrovia, where we are already stationed. David Price
has managed to put our dredges to work under agreements in Sierra
Leone where we have zero cost basis and reap a substantial part of
the gross products or revenue recovered. I am very excited about
our prospects for sustainable cash flow, especially since we have
now discovered how to operate our mining projects year round
instead of being shut down for the rainy season."
Dredgemaster, David Price states: "I am pleased to be associated
with Sunergy and their management which gives me total support in
developing our plans for success in our mining operations in Sierra
Leone and Liberia. I have found suitable trusted and knowledgeable
workers and supervisors so that I can go back and forth between
these two operations. Last time I flew to Monrovia from
Freetown, it cost about $140 and took 40 minutes. Management will
be in Sierra Leone and Liberia shortly to assist in oversight,
administration and operations. We are a hard-working, talented and
determined group who are destined for great success for our
shareholders this year. That really keeps me excited."
Operating results will be available shortly after the end of
first quarter so as to not delay the 10K filing. Please visit our
website: www.sunergygold.com Update on Liberia will be forthcoming
soon.
SUNERGY, Inc., a Nevada corporation (OTCQB: SNEY) is a publicly
listed and traded, production oriented, junior mining company
headquartered in Scottsdale, Arizona, USA that is production
oriented at the earliest possible profitable opportunity and has an
appetite to grow by profitable acquisition. It is engaged in the
evaluation, acquisition, exploration, planned operation and
advancement to production of largely alluvial gold/rare earth
elements and diamond recovery projects in Ghana, Sierra Leone and
Liberia West Africa. This year marks the beginning of our Cash Flow
Operations as the Operating season is now underway.
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 on mining concessions or cash flow from any mining
operations.
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