SCOTTSDALE, Ariz., June 13, 2011 /PRNewswire/ -- Sunergy, Inc (the
"Company") (OTC: SNEY) is pleased to provide update #2 for
shareholders on its dredging operations on the 140 sq. km.
Pampana River in Sierra Leone,
West Africa. The information below
comes as an update from Dale
Bourassa, President and COO Allied Mining and Supply LLC and
Chief of Sierra Leone Operations for Sunergy, Inc.
"We are deep into the second month of dredging operations on our
Pampana River Project in Sierra
Leone. Production has increased daily for the past 3 weeks.
Visible gold production is up, from 1.5 grams to 3 grams per ton of
feed gravel. We are now recovering more than the estimated 100
lbs./ton of rare earth black sands concentrate from each ton of
feed. Management believes that over 80% of the free gold remains in
the black sands concentrate. We clean the sluice out at the
end of each 10 hour shift. By the end of this week, we will have 40
tons of rare earth black sands concentrate stockpiled. 40 tons is
the maximum allowed to fit in the 40 foot shipping container that
we own in Freetown.
Management projects that an additional 40 tons of Rare Earth
black sand concentrates can be produced by the end of June.
We work closely with the local Chief and his people and
currently we employ a total of 50 men and women and rank number two
behind African Minerals, the largest iron ore producer in
Sierra Leone, in total number of
employees in the Tonkolli district. Community relations are strong
as we are bringing new prosperity to this community"
Our new processing equipment described in our June 2, 2011 Press Release is being prepared for
shipping so the free gold and rare earths can be separated and
upgraded through a single simple gravity separation operation. A
small crushing circuit to enhance separation will be added to the
shipment.
Bryan Miller, President comments:
"Management is pleased and excited that dredging operations are
really performing better than expected. There is another discreet
product coming regularly from the dredging that is different from
the REE black sand concentrates that is being tested to determine
if there is an added economic benefit to operations. Further
details will be available once testing is complete. We are also
studying opportunities to expand our rare earth/gold and other
technology metals operations in the near term."
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.
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 focused on near term production of these
properties this season. We are production and acquisition oriented
and are considering several additional projects suitable for near
term production in West
Africa.
Notice 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: Bryan Miller,
President 707.738.4280 bryan@alliedminingandsupply.com
Sunergy Inc.
14362 N. FRANK LLOYD WRIGHT BLVD | SCOTTSDALE AZ 85260
Phone: 480.477.5810 | Fax: 480.477.5811
Investor Relations: Steve
Parent 480.399.7222 steve@sunergygold.com
SOURCE Sunergy, Inc.