TORONTO, Oct. 18, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) has just received reports for its first set of samples from 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. Five pounds of samples collected were processed using local methods. The gold grades were approximately 80 grams per ton (more than 2.5 ounces per ton). A second set of samples is presently being tested with results expected shortly.
Sierra Gold's geological team will continue to investigate and further explore the new hard rock formation. Samples will be deposited this month with SGS Laboratories in Ontario, Canada to confirm the recent testing done in Sierra Leone. A trenching program will be initiated to determine the strike length of the area. The company also plans to do more surface sampling as well as a drilling program. Sierra Gold has secured an option for the mining rights to the property.
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.