TORONTO, Oct. 16, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) has just received news from its operational manager about a new gold bearing hard rock formation in Sierra Leone. The new zone is narrow but runs for a number of miles in each strike direction. The gold in hard rock is visible. Samples collected were taken from the new hard rock formation and are being processed using local methods. Results of the gold grades are expected shortly.
A recent article, "Check This Area Out," dated September 26, 2007 published in "Stockhouse BullBoards," stated that "The Birimian trend (West Africa) is a distinct geological trend and currently the base for the fastest growing gold production and exploration area in the world." The article compared West African geology to that of the Canadian Shield and its current development in gold mining to what occurred in the Nevada "Carlin belt" in the early 1990s.
Sierra Gold's geological team will continue to investigate and further explore the new hard rock formation. Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. Sierra Leone's neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa.
Safe Harbor: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.