Sunergy's Liberian Dredge Operations Start Recovering Diamonds and Gold and Wash Plant Equipment Being Readied for Operations
April 25 2014 - 11:15AM
Marketwired
Sunergy's Liberian Dredge Operations Start Recovering Diamonds and
Gold and Wash Plant Equipment Being Readied for Operations
MONROVIA, LIBERIA--(Marketwired - Apr 25, 2014) - Sunergy, Inc.
(the "Company") (OTCQB: SNEY) is pleased to report that its
Liberian dredge operations are now recovering diamonds and gold
with 2 dredges and 2 crews in complementary operations. Funds have
also been arranged to facilitate our Lease Purchase of the Wash
Plant and Cat Loader capable of processing between 50 and 300
tons per hour.
Dredgemaster David Price says: "We have now received clearance
for 3 Class B Prospecting Licenses in Bomi County that are
contiguous from Bomi Hills to Lofa River Area in Liberia. This area
was formerly operated by an international diamond mining company
prior to the conflict in Liberia. The Ministry of Lands, Mines and
Energy has recently removed licenses that were no longer current or
in effect and being on the ground here has enabled us to gain these
new licenses on highly prospective and productive contiguous areas.
We are also working as sponsors of Class C licenses within our own
Class B Prospecting licenses. Our dredges are now on actual diamond
and gold recovery operations, results will be made available once
they have been measured and certified. We are very pleased at the
cooperation here in Liberia at the local level and at the Ministry
and look forward to our planned additional growth."
Garrett Hale, President and CEO, stated: "We are now on
track to achieve our goal of having and maintaining sustainable
cash flow operations in Liberia. Dredgemaster and our on
ground support team there have enabled us to reach this level in a
few short months. All our operations there are suitable for year
round operations, so we still have a lot of productive work to do
this year. We are also making great progress in Sierra Leone as
well and more information on that will be released next
week. A note to shareholders, Management made a decision to
not pay an outstanding note from Asher in the principal amount of
$32,500 and instead used the funds set aside for this payment to
enable the lease purchase of the wash plant and loader, which will
pay returns every day they are used. Asher converted the last part
of the note on April 22, 2014 and received 4,321,000 shares which
are now being offered for sale. Once these shares are absorbed by
the market, management believes that there is not a lot of
resistance to achieve our goal to be at a penny by May 1, 2014, in
compliance with the SEC rule changes to maintain our fully
reporting and compliant listing on the OTCQB."
Please visit our website: www.sunergygold.com and review
our Company's activities.
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. An 8th
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: Garrett Hale President and CEO Sunergy, Inc.
707.255.5836 garrettsvp@gmail.com 14362 Frank Lloyd Wright Blvd.
Suite 1000 Scottsdale, AZ 85260 480.477.5810 Steve Parent Sunergy,
Inc. Investor Relations 480.326.5435 steve@sunergygold.com