Sierra Gold To Increase Production

TORONTO - Sierra Gold Corporation reported that it plans to increase present gold production by 400-500%. With its recent purchase of river dredging equipment, the company will now be able to extract gold from the gravels at the bottom of the river.
The gold extracted from the river will increase the potential gold reserves previously estimated to be just over 936,000 ounces based on prior work done by the National Diamond Mining Corporation and mining engineer, Mike Manke. Geologist Alieu Madhi's report did not include any bulk sampling work from the bottom of the river. The report estimated the gold values would exceed US$800 million at today's prices.
Doug Evans, CEO of Sierra Gold, commented: ``We are excited about the prospect of dredging the river for gold throughout the year including the rainy season and of increasing the gold reserves for the company.''
The company's  address 503-192 Jarvis St., Toronto, ON M5B 2J9, 416-200-6966, email: [email protected].