Western Sierra Completes the Sale of SunGold & Treasure Gulch Mines to VHGI & Positions Itself for Major Exploration & Develo...
21 January 2011 - 2:23AM
Business Wire
Western Sierra Mining Corp. (OTC: WSRA) has
concluded the sale of the SunGold and Treasure Gulch mines to VHGI
Corp., and moves forward to acquire and develop new properties.
Mr. Dennis Atkins, Chief Financial Officer, when asked about the
transaction said, “With the sale finalized, Western is now in a
position to focus its resources and efforts toward the acquisition,
exploration and development of the prospective mining properties we
have been reviewing for the past 18 months. We are very excited
about the potential of some of these properties, and look forward
to their possible acquisition and development. In addition, Western
and VHGI are discussing the possibilities of forming a joint
venture to further develop the Treasure Gulch Mine.”
About Western Sierra Mining Corp.
Western Sierra Mining is an aggressive gold and silver
exploration and mining company focused on the historic mining
districts of the Bradshaw mountains of Arizona, with additional
areas of interest within Nevada and Mexico. Current projects
include Gold Basin, SunGold, Oro Cache, Eagle, Treasure Gulch and
the Big Chief mining group, all of which have demonstrated
high-grade mineralization with previous histories of production.
Long-term Company goals are to create maximum shareholder value by
continuing to build a strong base of properties and advance these
projects toward production.
Statement for Forward-Looking
Information
Certain information set forth herein contains “forward-looking
statements” within the meaning of the federal securities laws.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events, future revenues or
performance, capital expenditures, exploration efforts, financing
needs, plans or intentions relating to acquisitions by the Company
and other information that is not historical information. The word
“estimates,” “expects,” “anticipates,” “forecast,” “plans,”
“intends,” “believes” and variations of such words or similar
expressions are intended to identify forward-looking
statements.
The Company’s forward-looking statements are based upon the
Company’s current expectations and various assumptions. The
Company’s expectations, beliefs and projections are expressed in
good faith and are believed by the Company to have a reasonable
basis, including, without limitation, management’s examination of
historical operating trends, data contained in the Company’s
records and other data available from third parties, but there can
be no assurances that management’s expectations, beliefs, and
projections will result or be achieved or accomplished. The
Company’s forward-looking statements, apply only as of the date
made.
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