PRESCOTT, Ariz., Jan. 26, 2011 (GLOBE NEWSWIRE) -- Western Sierra Mining Corp., (Pink Sheets:WSRA) announced today that it has completed an agreement with Gold Tech Engineering to develop several mining properties in Arizona including those currently owned by Western Sierra such as the Eagle and the Goldwater.
Mr. Michael Chaffee, President, when asked about the transaction, said: "We have been working with Gold Tech on a variety of projects over the last 18 months. This agreement now memorializes the common objectives of the two companies and provides an avenue for the continued sharing of information and allows each of us to utilize our common strengths to the fullest extent. Gold Tech will provide access to significant gold and silver properties and Western will concentrate on the permitting and production issues."
About Western Sierra Mining Corp
Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Current projects include Gold Basin, SunGold, Oro Cache, Eagle, Treasure Gulch and the Big Chief mining group, all of which have demonstrated high-grade mineralization with previous histories of production. Long-term Company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production.
Statement for Forward-Looking Information
Certain information set forth herein contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, exploration efforts, financing needs, plans or intentions relating to acquisitions by the Company and other information that is not historical information. The words "estimates," "expects," "anticipates," "forecast," "plans," "intends," "believes" and variations of such words or similar expressions are intended to identify forward-looking statements.
The Company's forward-looking statements are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurances that management's expectations, beliefs, and projections will result or be achieved or accomplished. The Company's forward-looking statements apply only as of the date made.