Dredgemaster Now in Liberia With Crew & Dredges to Undertake Diamond & Gold Mining Operations in Historically Rich Bomi Hills...
March 25 2014 - 8:48AM
Marketwired
Dredgemaster Now in Liberia With Crew and Dredges to Undertake
Diamond and Gold Mining Operations in Historically Rich Bomi Hills
Area
MONROVIA, LIBERIA--(Marketwired - Mar 25, 2014) - Sunergy, Inc.
(the "Company") (OTCQB: SNEY) is pleased to provide this update for
our Liberian diamond and gold mining operations. Dredgemaster Price
is now in Liberia with his crew to commence dredging operations in
Bomi Hills on the first licenses we have that will eventually cover
the 1,000 acres that we have under agreement. Our local geologist
has completed the initial reconnaissance of this area, taken
samples and is preparing an initial report from which operations
will be controlled. Our first 6" dredge is awaiting movement to
Bomi Hills from Monrovia this coming weekend and will commence
operations early next week. Dredge #2 will move into location
once #1 settles in and is operating smoothly. Early results will
begin to be reported as soon as the overburden is removed and we
are able to process alluvial gold and diamond bearing gravels. This
should take less than 2 weeks.
Dredgemaster Price says; " I am very excited about this area,
especially since when operations took place here before the
conflict, local hand miners extracted millions of dollars of gold
and diamonds operating by hand in shallow conditions. This
area has not been touched since the conflict ended and still houses
several productive kimberlites bearing diamonds. We are considering
moving our 3rd Sierra Leone dredge, currently in Bo, Sierra Leone
to Bomi Hills as we expand our planned year round
operations. Bo is only 175 miles from Monrovia, Liberia and
Bomi Hills is on the road from Sierra Leone to Liberia. I just
drove over with my crew and it's a rough road, but quite
workable. Going back and forth from Liberia to Sierra Leone is
very straight forward. Our Sierra Leone operations are under
supervision by David Garnett and are ongoing. I will return there
in a couple weeks and we will give a report on progress."
Garrett Hale, President and CEO said: "I am pleased that we now
are getting both our Sierra Leone and Liberia operations going.
While Dredgemaster Price is able to set up and oversee these
operations in different countries, we have also put together good
teams of competent and trusted supervisors that remain onsite at
all operating times to insure the integrity of our projects. Our
new Advisory Board member, Prince Kai Saquee is also able to assist
us in the purchasing, export and marketing our gold and diamonds
from either country. Given the simplicity of our operations and the
competency of our team members, I am very confident in the future
success of our operations. We have managed to accomplish solid
infrastructure in both countries with limited funds to work with
and now that we will be earning regular cash flow we are going to
be able to grow operations from within and as needed without the
need for major dilutive additional capital raises. Having
Dredgemaster and Prince as our team leaders excites me very much
and we all look forward to very prosperous operations."
Hale continued: "Our non-mining based activities are ready to
bear fruit as well, without any major capital required from us.
These are essentially agency agreements that offer possible 20-25
year long term income streams which will support our rapid growth
plans. Proposals in The Gambia and Senegal are moving forward. More
on these as information is available."
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 Sierra Leone operations 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. As its core
business, the Company has made a transition from an exploration
only company to a company now focused on production and cash flow.
We now have four dredges operating, 2 in Sierra Leone and 2 in
Liberia. A 5th dredge sits between the two countries awaiting
the most favorable deployment opportunity for fast cash
flow. In addition to our core mining activities, the Company
has used its considerable contacts earned over the past 4 years to
develop non-mining partnerships and agency agreements with major
international businesses representing Airport Security and
Affordable Housing projects and Solar energy projects up to 250
megawatts, in the five West Africa Countries of Ghana, Sierra
Leone, Liberia, The Gambia and Senegal.
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