American Sierra Gold Corp. Reopens Access to High-Grade Gold Run Vein at Discovery Day Project
10 February 2010 - 1:04AM
Marketwired
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold
exploration company headquartered in Reno, Nevada, is pleased to
announce that exploration crews working on the Discovery Day gold
property have located and re-opened the level 6 adit of the
historical Gilta mine containing the high-grade Gold Run vein.
The Gilta mine, located on the north side of Bowerman Mountain,
produced over 50,000 ounces of gold from ore out of the prolific
Gold Run vein during operations from 1870-1904. Operations ceased
only due to WWI. "The Gilta workings, which have not been accessed
in over 30 years, hold the geologic key to the location of the
southern extension of the Gold Run vein," commented Mr. Patrick
Fagen, the project's mine manager.
Historical reports indicate that the Gold Run vein runs 1 to 8
feet in thickness with mill-recovered ore grades averaging 4.51
ounces of gold per ton (140 g/t Au). Previously mined ore shoots in
the vein ranged from 25 ft to 96 ft wide (horizontal) and extended
down-dip on the vein for up to 475 ft.
"This a significant step forward in our plan to define
additional resource and block out mineable ore for near term
production mining," commented Mr. Wayne Gruden, American Sierra's
CEO. The company has contracted for a geological crew to begin work
this week on the surveying and mapping of the vein to determine its
strike projection to the south. Based on this new information the
company plans to triple the size of its on-site work crew pending
the mandatory pre-operational MSHA safety inspection.
In addition to the exploratory work performed in January, all
major on-site equipment was tested, serviced and repaired as
necessary in preparation for full-scale operations. "Most of the
equipment necessary to run the mine and mill was in operational
condition when purchased from the previous owners. Since the mine
was idle for about two years, the equipment was in need of deferred
maintenance and testing. We were pleased to find that with few
exceptions the equipment for the entire operation is in operational
condition and ready for use," observed Mr. Fagen. The maintenance
program included a test run of the 100-ton per day mill, which
proved to be fully functional.
The company is awaiting a pre-operational MSHA safety inspection
required prior to commencing operations. Once the inspection is
completed operations will commence immediately in the Discovery Day
workings with the goal to access the extension of the Gold Run
vein. "American Sierra plans to continue to explore and expand the
extensive mineral resource on the property and, based on our
geological data, put the mine into production at the earliest
opportunity," added Mr. Gruden.
Forward-Looking Statements
The statements by our officers, and other statements regarding
optimism related to the business, expanding exploration and
development activities and other statements in this press release
are forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations, estimates and projections about the Company's
business. Words such as expects, anticipates, intends, plans,
believes, sees, estimates and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks and uncertainties that are
difficult to predict. Actual results could vary materially from the
description contained herein due to many risk factors that affect
the industry the Company operates in and other risk factors listed
from time to time in the Company's Securities and Exchange
Commission (SEC) filings under "risk factors" and elsewhere. The
forward-looking statements contained in this press release speak
only as of the date on which they are made, and the Company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.
Contact: American Sierra Gold Corp. Wayne Gruden President and
CEO Investor Relations 1-888-279-3921 Email Contact
www.americansierragold.com
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