IRVINE, Calif., Feb. 28, 2007 (PRIME NEWSWIRE) -- "Companies with business plans intent on the commercialization of resources such as gold and diamonds are also evaluating the prospects of other potential commodities such as rare earth metals," stated SmallCap Sentinel analyst D.R. Clark.
"For example, Sierra Gold Corporation (Pink Sheets:SGCP) has recently confirmed the presence of rare earth metals Zirconium (Zr) and Neodymium (Nb) with grades of over 10 grams (.35 oz) per ton," Clark noted. "As the company investigates the possibilities associated with the preliminary reports of the presence of these metals, investors will likely wish to continue to monitor the company's news."
A comprehensive report focusing on Sierra Gold Corporation (Pink Sheets:SGCP) and the gold industry has been published by StockUpTicks.com and is available free of charge to the general public.
The report will feature detailed information regarding SGCP and address related companies including Western Goldfields, Inc. (OTCBB:WGDF), U.S. Gold (AMEX:UXG) and Goldmarca Ltd (CDNX:GML).
To view the report in its entirety, please visit: http://stockupticks.com/profiles/2-26-07.html
Sierra Gold Corporation explores and develops gold and diamond properties in Western Africa. SGCP owns the mining rights to a Sierra Leone based gold and diamond mining company, Northern Star Resources Ltd. Its mining property is one of Sierra Leone's richest known alluvial gold mining fields. The property covers approximately 40 square miles of prime mining concession located south of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of Freetown, Sierra Leone's capital.
Sierra has obtained a mining permit from the local government. Mining Engineer Michael Manke's issued a report on the mining property estimating gold reserves of 520,000 ounces with grades of .12 oz/ton. SGCP conducted extensive assaying in late 2005 that established the presence of large quantities of gold of grades 2.62 gm/ton at depths twice those considered in Mr. Manke's analysis.
Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCap Sentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor an offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't investment advice. MP has been paid fifteen-thousand dollars by BlueWave Advisors for a 60 day program featuring SGCP including the preparation and distribution of this report and other advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in communication regarding subject companies.