Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession
Stuart Smith (August 13th, 2009) Writes:
SCOTTSDALE, AZ — (Marketwire) — 08/13/09 — Sunergy, Inc (the “Company”) (OTCBB: SNEY) reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q’4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing artisan pits along the river on our concession. Our planned budget is around $300,000.00 US which could recover an estimated 1,000 oz./gold generating around $900,000.00 of revenue from the program. Our plan involves either leasing a suitable gold recovery plant or joint venturing with another operator with suitable equipment. The permitting for the operation will commence shortly.
The Ofin River is an easterly-flowing waterway in Ghana. It flows through the
...aggressive junior mining exploration, Atwima District, Company President, Ghana, Joseph Guerrero, Karl Baum, larger mining, Manager of West, Manager of West African Development, Market Commentary, Newmont Mining, Ofin river, Ofin tributaries, Pra rivers, Scottsdale, Small & Micro Cap, smallcapvoice, straight-forward, suitable equipment, Sunergy Inc., United States, USD, west africa, www.sunergygold.com


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