TORONTO, Feb. 25, 2009 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) today announced that the January gold production from one of its sites yielded over 50 troy ounces of gold. Thirty-five tons of gravel have been extracted from another site and is currently being processed. Initial extraction numbers have demonstrated encouraging values, which will be reported upon completion.
Sierra Gold also would like to announce that the recently acquired Sierra Leone properties have also commenced gravel extraction as well as the property in Mali.
Doug Evans, CEO of Sierra Gold, commented: "We are excited and encouraged by the commencement of gravel extraction on the areas targeted for gold production this season, and by the initial test numbers. We look forward to the gold production numbers on all of our targeted areas over the next several weeks and anticipate a very profitable year."
The company also announces positive developments on its agricultural and husbandry projects. Preparations are underway for expanding its interests by increasing the crop size and production as well as by increasing the number and variety of farm animals.
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. The region has been one of the fastest gold producing areas worldwide. Sierra Leone's neighbours, 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.