American Sierra Gold Corp. is an independent gold exploration company. Headquartered in Reno, Nevada, their focus is on the strategic exploration and potential development of North American properties. Trading on the OTC Bulletin Board, the Company explores in the Sierra gold belt of northern Mexico. This area has a rich history of large gold and silver discovery.
American Sierra Gold Corp. has a 90 percent interest in 11 concessions in the Sierra Madre Gold Belt. Covering 71,364 acres, they go by the name of the “Urique Project.” This land package represents the largest under-explored acreage in this region. The Urique Project is 10 miles north of the producing El Sauzal Gold Mine, which Gold Corporation owns. Gold Corporation previously purchased this mine from Glamis Gold as part of a transaction worth $8.6 billion in 2006. It has produced 274,200 – 306,900 ounces of gold per year over the past three years.
Last Friday, American Sierra Gold announced that they launched a new, more informative website under the domain name www.americansierragold.com. The new website will keep investors and other interested parties fully informed as the Company continues to move their projects forward.
Mr. Wayne Gruden, President and CEO of American Sierra Gold, brings over 20 years of investing in early stage resource companies. He also worked for nearly 25 years with one of Canada’s largest resource companies, Syncrude Canada. Mr. Ian Foreman is another key technical advisor to American Sierra Gold. Mr. Foreman has worked in a wide spectrum of geological environments involving both base and precious metals. He has worked for various mining and exploration companies in North and South America. He was a key figure in putting the 1,000 tonne-per-day Santa Rosa open pit gold-silver mine into production in Peru.
Today, American Sierra Gold Corp. announced the status of the Urique Project. The Urique’s South Zone consists of an epithermal vein district measuring 2 x 2 km in size with more than 15 historic mines identified to date. Initial sampling has yielded local bonanza grade gold and silver values with highlights of 86.0 g/t (grams per ton) gold and 8,290.0 g/t silver. Located in Urique’s North Zone, the Company’s Cerro Colorado Target is developing ahead of schedule. During its first year of exploration, this section has been advanced to drill-ready stage.
American Sierra Gold’s President and CEO Wayne Gruden sums up progress, saying, “We are excited over the progress being made in our Urique Project. We’ve already seen over 1.3 million dollars of development in the ground. This work is critical to establishing the size of the reserve on the property.”