TORONTO, Jan. 10, 2012 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) is pleased to announce that 4 non-associated groups have shown interest and entered into negotiations to develop a joint venture situation to process its Black Sand tailings.
The company is in the process of reviewing all 4 offers. We will be looking at reliability and what will be in the best interests of the company.
Sierra Gold Corp. is also pursuing its own ability to acquire equipment to enhance its gold and strategic minerals recovery from their black sands. Black sands gold content, as previously assayed and reported by SGS Labs in Peterborough, Canada, range from 18-170 grams per ton.
Safe Harbor: 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.