Western Sierra Confirms New Joint Venture Agreement to Operate the Silver Cord Mine
21 Mai 2012 - 2:10PM
Western Sierra Mining Corp., (OTC:WSRA) confirmed today that it has
concluded an agreement with Mission Holdings, LLC to operate the
Silver Cord mine located in central Arizona. Gear International,
Inc. has an agreement with Mission Holdings, LLC to joint venture
the development of the Silver Cord mine.
According to the agreement, Western will provide a variety of
mining services including permitting, both underground and surface
exploration, mine engineering, geology and tunnel rehab in
preparation for an extensive sampling program. Gear International,
Inc. will provide the required funding. In addition to the direct
cost of the project, Western will receive a portion of the net
smelter returns (NSR) for both the gold and silver produced from
the Silver Cord.
The Silver Cord claims are located in the Black Canyon Mining
District on the east side of Turkey Creek in Yavapai County,
Arizona. In September of 2010 initial small sampling results showed
better than ½ ounce gold and in excess of 85 ounces silver/ton
taken from the 910 feet of developed tunnel. The Silver Cord is a
historically producing silver and gold property.
Western will initially continue with its evaluation of the hard
rock portions of the claim blocks but will provide some geological
review and sampling of the placer claim in Turkey Creek.
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 in Nevada and Mexico.
Statement Concerning Forward-Looking Information
Certain information set forth herein contains "forward-looking
statements" within the meaning of the federal securities laws. The
word "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 expectations, beliefs and projections are
expressed in good faith and are believed by the Company to have a
reasonable basis but there can be no assurances that management's
expectations, beliefs, and projections will be achieved or
accomplished.
CONTACT: For purchase or additional information:
Mr. Michael Chaffee
928-680-5513
Mr. Dennis Atkins
405-330-8395
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