Field report January, 2012

Mining

Sierra Gold Corporation extracted 36.4 ounces from all locations in Bombalilli, Tonkalilli, Kono, Bo-Kenama and Zimmi districts in December. This brings the year-end total of gold extraction to 404 Troy ounces for 2011 which is up from 229 Troy ounces in 2010, an increase of approximately 75%. The company presently has three dredges in operation and it is anticipated two more will be up and running by the end of January. As stated before in previous field reports, we will have operations running simultaneously on the Pampana, Sewa and Mano Rivers. The previous press release of January 10, 2012 reported on assay results that have been received from SGS Labs to date. The company has submitted additional samples to SGS Labs for assaying and we anticipate results imminently. These results will be published as soon as they are received.

Agriculture

Sierra Gold Corporation is also pleased to report our best rice crop ever at over 1200 acres at an anticipated average of 8 to 10 bushels per acre. The sorghum crop is currently being harvested with an expected return of 35,000 to 40,000 kg of sorghum. The trial garden vegetable planting this season was a success and we intend to expand the program for 2012. Two local restaurants have committed to purchasing the yield as it becomes available.

J.V. Agreements

The company is committed to keeping shareholders aware of our continued efforts to improve Sierra Gold Corporation. It was stated that we are reviewing a number of J.V. agreements in both the mining and agriculture arena in the previous press release. Due to the nature of these negotiations, confidentiality is of the utmost importance. Share holders will be apprised of the status of these agreements as the review and negotiation process continues.

Field Report December 2011

Sierra Gold Corporation announced in a Press Release dated Monday December 12, 2011 that the October and November gold extraction numbers amounted to 59 troy oz. This brings 2011 gold extraction through November to 378 troy oz. This is an increase of over 65% from last year's production of 229 troy ounces of gold.

In regards to diamonds, the company extracted 315 pieces in 2011 which compares to 209 pieces in 2010 or an increase of over 60%.

The mining season did present us with some new challenges.  There was a gas shortage countrywide that hindered production for almost 30 days. To protect against this problem Sierra Gold Corp. will keep a larger reserve of fuel for operations. As in all mining operations, equipment breakdown is a constant battle and we will increase the number of spare parts to offset some of our down time.

The results of the assay reports continue to indicate high levels of gold in our samples and Sierra Gold Corp. acknowledges that a portion of the gold is at the micro level and is not attainable for extraction on site.  Sierra Gold will be required to transport the concentrates (black sands) to a processing plant, which may be out of country. The company is currently stockpiling this product with the aim of recovering as much of this micro gold as possible.  We continue to explore various options in order to have these AU rich sands processed in a way that will show the return on investment that is profitable for all concerned.

In regards to the Pampana River concessions,  there is a shakedown process that takes place when moving a dredge to a new location. This entails the breaking down of the dredge, moving it to a new location and reassembling the dredge.  This process can take from 2 to 4 days to complete. Once this is done, the operator will make the necessary adjustments and any repairs required so the dredge is ready to do shore line testing. When river levels permit, the dredge will then be ready to be moved to its selected position for full operations.

Mining in Sierra Leone offers many different challenges.  Last years activities gave the company much insight into these issues and with this in mind we are confident we will be able to improve/enhance the company's operational effectiveness for the 2012 mining season.

John Semachko Jr.
President
Sierra Gold Corp

Field report November 2011

John Semachko Jr.
President
Sierra Gold Corp

Field Report SEPTEMBER/OCTOBER

Doug Evans, Chairman and CEO, spent the month of September in Sierra Leone conducting various business activities. He is extremely optimistic with the direction and progress being made by the company and returns with these observations.

Mining

The land operations that are ongoing during the end of the rainy season that the company supports throughout the country, produced 18 oz. /au during the month of September.

Assaying of samples of black sand taken from both the Pampana and Sewa Rivers are currently being conducted by SGS Labs in Lakefield Ontario. The results will be published as soon as they become available. Small scale processing of those same samples, for test recovery purposes, will be conducted in late October. The company is continuing with the black sand collection program and to date 14 metric tons have been accumulated for future processing.

The company acquired 4 concessions on the Pampana River North in September. Surface rents were paid and licencing is underway. We are in the process of moving 2 dredges onto these new concessions.

In addition to these activities, the company is negotiations for an additional 4 concessions on the Pampana River North.

Please note that the North Pampana River and the Pampana River North are two separate areas of the Pampana River.

Agriculture

All operations are proceeding as scheduled. First harvesting of the rice crop began on the 14th of October. It is expected that the crop will yield between 10 to 13 bushels per acre. A portion of all crop yields will be used for future crop expansion with the balance being sold locally.

The peanut crop is being harvested and second planting is being considered.

The anticipated yield for sorghum is between 30 to 40 thousand kilos. The company is in discussions with various buyers for this crop. A portion of this crop will also be used for expansion while the remaining yield will be sold.

The maize crop will also be used for future planting and local sales. At this time no expansion is planned.

During the upcoming Agricultural Festival in November, the company’s various agricultural activities will be visited by a number of various senior government officials.

Carbon Credits

Due to the current financial problems in Europe and the United States the Carbon Credit market is presently soft. We continue to monitor the situation and are putting ourselves in the best possible position to make a move when the Carbon Credit market improves.

John Semachko Jr.
President

 

 

Field report September 8, 2011

  1. Sierra Gold Corporation from all sources extracted 33 ounces of gold through August. Year to date gold extraction is 301 troy ounces of gold and 315 diamond pieces.
  2. We are continuing our black sand projects and have one dredge at least in the Pampana North area do to positive results and will be acquiring additional concessions during my visit in September
  3. Farming operations are proceeding as planned with the second cropping starting
  4. Sierra gold Corporation continues to monitor our carbon credit project and will be receiving updates from our carbon credit partner as they become available. It must be realized that due to the current financial situation in Europe that the project is proceeding at a slower rate than expected.
  5. We have added new pictures to our web site per our shareholders request.

Thank you for your continued support

Doug Evans CEO Sierra gold Corporation

 

 

Field Report August 2011

Mining

During June and July the company had 3 effective weeks of dredging operations due to a variety of mechanical, climatic, supply and other local issues. With the exception of climatic, all other issues have been addressed and rectified to the greatest extent possible.

Recovery from all sources during this period amounted to 78 ounces of gold and 58 carats of diamonds (white, coffee and industrial) all under 1.89 carats.

Currently no dredging activity is underway due to water levels, however two feeder rivers are being considered for testing operations until water levels recede.

Black sand (microscopic minerals) recovery and acquisition operations are underway with the intent of processing up to 20 tons of material by the end of October. Should this prove feasible, it will become a permanent part of Sierra Gold Corps recovery operations.

In preparation for the next mining season the company is acquiring further dredging leases on both the Sewa and Pampana Rivers.

Agricultural Activities

To date rice, peanuts, sorghum and corn have been planted. This year the company aims to double crop peanuts and rice with the goal of having 3,000 acres under cultivation. In addition to the above crops, 10 different garden crops (|onions carrots, tomatoes, etc.) have been planted on 1-2 acre plots each for test marketing and future expansion potential. The farm manager has already secured two buyers for these crops.

In early July the Minister of Agriculture and the Director of Agriculture for the Northern District visited our area of operations and held a meeting with all 5 master farms of which we are one, in the district. The Minister and Director expressed pleasure with the progress and development and indicated to our Farm Manager that we were the largest master farm within the district.

Carbon Credit Activities

Our Joint Venture partner has indicated that the revised PDD is approaching conclusion to meet Carbon Registry requirements and that financing was being pursued. The Kiri trees now growing on the property are showing indication of developing seeds. When they have developed and are harvested they will be nursed for replanting.

 

 

Field report June 2011

There is no additional information from the last field report concerning agriculture operations or the Carbon Credit program.

 

 

MAY - FIELD REPORT

General

For shareholders who are unaware, the latter part of the month of March and to some extent the month of April saw a fuel crisis grip Sierra Leone. While this happens from time to time, this particular occurrence was unusually long. This issue combined with the fact that government increased the price and changed from the imperial (gallon) to the metric (liter) system complicated things further. It interrupted both our dredging and agricultural activities as well as increasing operational costs. While the company keeps a 200 gallon reserve, at a 50 to 70 gallon per day consumption rate, the reserve is quickly depleted.

In anticipation of the rainy season setting in over the next few months, the company has explored some feed/tributary rivers that show promise for continued dredging operations during these months.

Mining

Agriculture

Carbon Credits

In concluding this report I would like to thank all our shareholders for the support, constructive thoughts and advice, comments good and otherwise. We are a small but growing company and a lot of larger organizations are taking note of our activities and potential.


 

April 30, 2011 field report

Mining Operations:

Agriculture

We are presently in the process of preparing the land for upcoming planting season. Doug Evans visited the site this past week and is pleased to pass on that the plowing has already progressed passed expected timelines. SGCP is also in early stage talks with a few select firms to acquire non dilution financing to expand our agricultural operations.

Carbon Credit:

The Company has entered into a Carbon Development Agreement with Bio-Carbon Solutions International Inc (OTC Pinksheets: BICS) for the purpose of securing technical services for:

Pursuant to the Carbon Development Agreement, the Company shall pay a contingency payment of 10% of the net profits from the sales of the carbon offsets upon their realization.

 

31 March, 2011 field report

Administration

Year end financials and disclosure statement have been completed and are in the process of being filed with the relevant agencies.

Mining Operations

As of March 25, 2011 SGCP extracted 105.3 ounces of gold from all project sources and 82 pieces of diamonds (.05-2.3 carats). We expect these numbers to increase significantly as we have now accessed what we consider to be the pay gravel at most sites.

Much of the dredging activity during this quarter has dealt with removing large amounts of lower grade overburden sand which caused far more difficulty than anticipated due to its thickness. However, during this process, a large quantity
of high-grade concentrate has been recovered and retained for future processing
using more sophisticated technologies.

Unfortunately, SGCPs dredge operations project manager contracted malaria in March but is expected to make a full recovery and be back to work in the first week of April.

Agriculture

SGCP has completed all harvesting from the past years planting and has commenced the current seasons preparations. The company expects to use profits from last season’s activities to enhance and expand/vary this season’s crops.

In response to the significant increase in worldwide cost of food supplies, SGCP is in ongoing discussions regarding financing to significantly increase its agricultural operations. It should be noted that this financing does not involve the use of company stock. Our goal is to have 100,000 acres under cultivation within 5 years. I believe our shareholders know that the price of food continues to rise and we believe this trend will continue.

Carbon Credits

SGCP continues to monitor opportunities in the carbon market. We will watch closely how the international community reacts to the recent tragedy in Japan.

 

Field report February 9, 2011

Administration

Sierra Gold Corp is in the process of changing its domicile to Wyoming from Nevada. The decision to change was based on the fact that Wyoming offers a more favourable tax advantage compared to Nevada. To achieve this in an orderly manner, the corporation was required to end its relationship with Nevada prior to filing the proper paper work with the State of Wyoming. This has now been completed and all paper work has been filed by our attorneys with the Wyoming Secretary of State pursuant to W.S. 17-16-1710 of the Wyoming Business Corporation Act.

Mining Operations

Sierra Gold Corp presently has 4 dredges in operation with the 5th dredge expected to be up and running in its' area of interest by mid February. 2 dredges are located in the Bo district and 2 dredges are located in the Zimmi district with 1 more dredge to follow.

Our new J.V. partner arrived the end of January and has been operational since the first of February.

Due to the late end of the rainy season we where unable to start operations as soon as we would have liked. This being said, we have made significant progress in both moving the dredges from the shore to the target areas of interest. And have begun processing the overburden to get to the gravel. The gravel above the bedrock is where you normally will find higher gold grades along with any other associated valuable minerals.

Below are the results of SGS Minerals lab analysis of sand and surface samples taken from the Bo and Zimmi districts. The Bo sample (BO/CON) is concentrate from 2 hours of dredging upper level sand close to the shore. The Zimmi sample (Znew Hand) is from a hand grab sample on the shore line.

CERTIFICATE OF ANALYSIS - Final Report

Doug Evans will be leaving for Sierra Leone February 15th and will return the middle to end of March. Upon his return we will Press release 1st quarter production numbers.

Agriculture

All crops (rice, sorghum, corn and peanuts) have now been harvested from the 1800 acres planted. In addition, the company has received the proceeds from the numerous farmers who participated in its loan programs. Preparations are under way for the upcoming farming season.

 

Field report January, 2011

Sierra Gold Corp has finalized negotiations and signed a new JV agreement that will add an 8 inch dredge and an experienced dredge operator to our operations. SGCP expects both to arrive within the next 7 days. This coincides with our ongoing plans to expand operations and take advantage of newly attained agreements with Paramount Chiefs in new areas.

Mining Operations

One dredge has moved into the deeper river area resulting in six feet of sand overburden having been cleared and processed to date. We anticipate that the targeted gravel will be reached soon as full scale operations are underway. Results of the sand overburden in this location are a 7-10X increase over inshore results.
One of the dredges is undergoing regular maintenance and repairs and is expected to be back in service promptly
Due to recent promising testing results it has been decided to move two of the dredges to new locations. We are optimistic that this move will have positive results.

Agriculture Operations

All crops have been harvested except for sorghum which is currently being harvested. Company Sales for 2010 are being reviewed and the 2011 crop planting schedule is being mapped out.
On the recommendation of Samuel Kargbo, (Manager of Agricultural Operations) the company will commence one acre tests on different vegetable varieties to determine feasibility for future garden crop exporting potential.

 

Field report December 2, 2010

Before updating on the current status of operations, I would like to address an issue that has caused numerous inquiries from shareholders and interested parties.

Africa Review recently published an article dated December 2, 2010 regarding the oil and mining industries in Sierra Leone. The author of this article was incredibly inflammatory in his comments in regards to Sierra Gold Corporation. Firstly, let me assure you that there is no potential agreement worth billions of dollars currently being discussed or about to be signed between Sierra Gold Corporation and the government of Sierra Leone. The author of this article has never contacted me or Doug Evans to corroborate these comments which are apparently attributed to John Momohs in an editorial published in the Concord Times of Sierra Leone. For those of you that regularly read the field reports and press releases posted on our website, you will recognize these quotes taken from the last press release. These quotes are in and of themselves accurate, but the authors claim implying that Sierra Gold Corporation is a diamond mining company disguised as a gold mining company is totally unfounded and bordering on libel. It is obvious the author, Tamba Jean-Matthew failed to do a thorough investigation of these so called claims. We find his article both insulting and inaccurate. Attempts to email the writer demanding proof of such allegations were unsuccessful. We are currently in consultation with our legal team regarding possible legal action against these false claims and will update you on our next steps.

As anyone who has followed the ongoing endeavors of SGC is aware, the company takes great pride in all aspects of its operations in Sierra Leone. For the record SGCP has provided food (via the farming project), medicine, infrastructure work (local administrators) and funding for education. In all of our operations the local population benefits and receives a percentage from all of our operations.

We are also committed to establishing a carbon credit project that will truly benefit Sierra Leone not only by employing locals and growing new forestation but also by building a thriving industry imbedded in Sierra Leone..

Now on to the Field Report

Mining

The first dredge has been positioned in the water and operations are commencing. The second dredge will be in place and operational by mid December with the balance of dredges scheduled to be in operations by the first of the New Year. Our head of dredging has opted to forego a trip out of the country over the holiday season in order to coordinate the operations. Doug Evans, Chairman and CEO will be in Sierra Leone until the middle of December He is committed to enhancing his relationships with the various paramount chiefs and their chiefdoms as landowners and partners in the ongoing mining projects.

Agriculture

The harvesting of the rice and sorghum crop has begun for this season.

Carbon Credits

We have moved ahead positively and retained the services of a new carbon credit consultant who is more suitably aligned with our future goals for the company. The work has begun internally to continue the development of the carbon offset initiatives in Sierra Leone. The Company has conducted work to establish the benefits of a project for the sale of carbon offsets from its leased lands to the regulated or the voluntary markets in Europe and North America, respectively. In particularly, we have investigated the project development options, offered to us from the different types of Forestry-related methodologies of different protocols for the purpose of creating a carbon business plan that will permit the sale of ex ante carbon credits. Priority was given to begin drafting a project with high potential of success, while eliminating the need for large development costs. This was achieved by using as a template, a Project Development Document created and approved by the UNFCCC for afforestation of degraded lands in China. We anticipate completion of draft PDD by early January.

In addition, field work has been undertaken in Sierra Leone to assess the growth potential of Kiri trees imported as cuttings from Australia. Our preliminary results show poor transplant survival rates, presumably owing to a transit period of 10-12 days which we believe is excessive and deleterious to the survival of plants exacerbated by a lack of water. However on a positive note, of those cuttings that have survived, qualitative analyses suggests that the growth of Kiri trees in Sierra Leone can resemble published fast growth rates for Australia for Kiri trees.

John Semachko Jr.
President
Sierra Gold Corp

 

Field report 16 Nov, 2010

Doug Evans left for Sierra Leone on the 11th of November to evaluate current river conditions and finalize operational plans for the upcoming mining season. In speaking with Doug yesterday he said the river are still flooded but the last two days where sunny. Doug also mentioned that showers are predicted for today. These statements offer hope that the rainy season is close to coming to an end. This being said it takes time for the rivers to get to the level where we can start full scale operations. We are anxious as I know our shareholders are to get started and as soon as conditions permit we will begin full scale operations with all four dredges.

 

Field report OCT 26, 2010

  1. Per my conversation with our head dredge operator on Oct 20th, the rivers are still flooding and it is still raining. Once the rain stops we estimate it will take 30 days for the river’s to be ready for full scale dredging operation.

  2. Projected gold and diamond extraction numbers are based on testing and equipment currently on site in Sierra Leone. The projections shown below do not include rainy season operations and assumes 180 days of a potential 180 to 210 day dry (mining) season and 6 hours of a 6 to 8 hour operational day. Evaluation of our first rainy season operations has not been completed therefore projection numbers are not available. It is my belief that conservative numbers must be used in any projection formula and is the reason why these numbers below were chosen:

               A) Four dredges at 25 TPH = 100 Tons per hour
               B) 100 TPH x 6 hours per day = 600 Tons per day
               C) 600 Tons per day x 180 days = 108,000 tons
               D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
               E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in                 diamonds

  3. Doug Evans will be leaving for Sierra Leone during the first week of November.

  4. Rice and sorghum to be harvested beginning late November. Peanut and Maize crops have been harvested.

  5. Carbon Credit Project: Sierra Gold, for a variety of reasons to move its projects forward, has severed its business relationship with Green Giant Venture Fund. Sierra gold is currently in the process of taking its projects to full validation using the expertise of an accredited Professional in the Carbon Credit industry. Further, the Company is reviewing options to expand its project opportunities within Sierra Leone.

Field Report, September 23, 2010

New pictures taken by Doug Evans while on his latest trip to Sierra Leone in August 2010 as well as shots from the spring have now been uploaded to our website.  In addition to being able to visualize conditions, equipment and operations, our shareholders will be able to compare the difference in conditions between the dry and rainy seasons and have a better understanding of how the annual mining schedule is determined.

Mining

Agriculture

Carbon Credits

John Semachko Jr.
President
Sierra Gold Corp

 

Update to August 24, 2010 field report;

I would like to update shareholders on information I received on August 25, 2010 at 3:45 A.M. EST from Sierra Leone regarding gold and diamond extraction. Sierra Gold Corp extracted 18 ounces of gold and 21 diamonds through the middle of August from our rainy season operations. While I feel this information is not worthy of a press release it is information that our shareholders should be notified of. While performing mining operations during the rainy season has and does offer new challenges provided by Mother Nature we are working on long term solutions to address these challenges.

John Semacko Jr
President
Sierra Gold Corp.

 

Field report Aug 24 2010

In response to shareholder requests for more detailed reporting on mining operations and equipment purchases I would like to address these issues.

Mining operations;

SGCP is currently involved in placer mining in Sierra Leone and as such hold mining concessions in Zimmi, Bo and Pampana. Currently we have mining licenses on properties in the Zimmi district on the Mano and Mowa River and Bo district on the Sewa River. In order to clarify for those investors unfamiliar with placer mining process I would like to explain this further. First of all, we are using dredges that are located on rivers. The dredges are used for the removal of overburden which is any type of dirt or sand above gravel layers of interest or false-bottom (endured clay). If the gravel layers of interest are above and in the bedrock, you basically vacuum up the gravel. If you run into a false-bottom where the most interesting gravel layers are located, the dredge operator must use a cutter head to allow deeper access to this gravel and then vacuum up the gravel. Depth and quality of gravel varies from location to location and testing is done to determine these factors.

Placer deposits have been exploited by man since early historic time and have remained an important source of gold on the world market into the 21st Century.
Placer deposits have yielded over 60% of the world's gold production.

Dredges:

Essentially our 50 ton per hour dredge is a vacuum and classifier. It’s the primary means of recovery and separation of gold and gems in an underwater operation. These units are mobile and can be moved on the river as necessary.

It works by pumping water to create a vacuum allowing material to be sucked off the river bottom. Once it is pulled to the surface it is then slowed down and run across a sluice box. By doing this, it creates a high and low pressure area. Gold and gems by their specific gravity weight will naturally settle to the low pressure areas because they are heavier than the rest of the river material (sand & gravel). The dredge is rated on how many tons of material it can process per hour at full throttle. A dredge operator will adjust the flow to provide the best recovery per the amount of material processed, In other words, the finer the gold and gems the less material it can process without loss.

Our 100 ton per hour unit is a larger piece of equipment using gravel pumps hooked to a wash plant. The wash plant we have in operation is a trommel and sluice box combination. The gravel pump sucks up the river bottom and sends it to the trommel.
A trommel is a washing machine for gravels and clay. It rotates and washes while breaking up the clumps of clay that contain the gold and gems. The trommel has a screen on it that allows smaller material to fall through and move on to the sluice box for concentration. The larger material that won't pass through the screen will be discarded out the end of the trommel to either be put back through or discarded as tailings

This set up is best served in a stationary location with a large amount of clay and material to be processed.

Per our field report dated July 26, 2010 we have on location in Sierra Leone three 50 ton per hour and one 100 ton per hour units.

Our mobile Wash Plants will be deployed to locations as upcoming mining season dictates and work separately from our dredges.

We hope that this brief, detailed explanation of the mining and dredge process currently incorporated by SGCP has been useful to the shareholders and you have gained a better understanding of how the company is utilizing the natural resources of Sierra Leone as well as the equipment purchased and built for the extraction of said resources.

John Semachko Jr
President
Sierra Gold Corp.


August 21, 2010 Field Report

1. Mining operations

2. Agriculture operations

3. Carbon credit’s

John Semachko Jr.
President
Sierra Gold Corp.

 

Field Report; July 26th 2010

 Mining operations:

Agriculture:

Carbon Credit Project:

In conclusion, this will be the first mining season where we have this amount of mining equipment in country and on or near location. This is the mining season we have been working towards where we have the quality of people, mining concession and the equipment to work them. We are expanding our agricultural operation while involving the people of Sierra Leone with the goal of being profitable with our agricultural operations in 2011. Last but not least we fill strongly in our Carbon Credit projects. The landscape has changed in the carbon market with some of the problems in Europe and lack of movement by the United States Government. This has offered some new challenges but we fill the adjustments that needed to be made have been done.  I would like to thank our shareholders for there continued support and look forward to the upcoming mining season.

Be well, John
John Semachko Jr.
President
Sierra Gold Corp.

 

Field report June, 15th 2010

  1. Our first manufactured dredge passed all testing and will be put into operation. We have also finalized the purchase of an 8 inch dredge located in Sierra Leone and also expect delivery of a dredge from California in the next couple weeks. With the arrival of the dredge from California SGCP will have four 8 inch dredges and two wash plants.  
  2. Our head dredge operator will be extending his stay in Sierra Leone. It is his belief we can continue dredging operations deep into the rainy season. This will be accomplished by dredging previously tested feeder streams.
  3. Doug Evans is pleased with the quality of the gravel being extracted and recent testing has found areas of ancient gravel.
  4. Gold production numbers will be released on July 15th.
  5. Biomass PDD is expected to be completed by end of the month.

 

Field report June 9th

Due to calls and e-mails from shareholders concerning gold production reporting dates I will reevaluate and make changes to the policy of reporting production numbers twice a year for the upcoming mining season.

John Semachko Jr.
President, Sierra Gold Corp.

Field report June 1st, 2010

     Mining operations:

  1. We are presently dredging, washing gravel and testing areas for next mining season
  2. Final testing is near completion on our first company manufactured dredge. This 8 inch dredge is larger than the standard 8 inch dredge and will allow us to operate later into the rainy season
  3. With the expansion of our Zimmi compound and completion of 3 roads this will allow us to start operations earlier in the mining season and end later in the season.
  4. Currently we have one 8 inch dredge and two wash plants on location. One 8 inch dredge due to arrive by mid June was shipped in early April from California (shipping time is estimated to be 62 days). One 8 inch dredge we manufactured. Possibly  (depending on purchase agreement) one 8 inch dredge presently located in Sierra Leone.
  5. With the end of the mining season approaching we are looking to acquire additional wash plants at cost effective prices.

Carbon credit/Biomass:

As we continue to work on the forward sale of our afforestation project we have started writing a second PDD for biomass. Due to the softness of the market, current issues facing the European Union and need for alternate energy we are adding the biomass option to the project.

John Semachko Jr.
President, Sierra Gold Corp

 

To shareholders 10 April, 2010.

While I am aware of what's going on in various chat lines etc I have neither the
time nor interest to participate in them - never have - never will  -- having said that, to clarify any misconceptions:
SGC has no JV interests outside of local partners in Sierra Leone.
SGC has no interest is selling or parting with any of its interests in SL.
SGC in in the business of developing its interests and adding to them in all corporate aspects.
Unequivocally, I have no interest in unsubstantiated hearsay nonsense.

UPDATE Through 13 Mar, 2010.

28 oz au were recovered and sold through JV ops
26 pcs diamonds were recovered (.2 - 1.45 cts various grades)
Gravel from 7 sites will be washed during April
Both wash plants have been upgraded and will be in operation wk10 April
2 dredges will be in operation mid-end April
CC Kiri trees arrived and plant ops are under way
Plowing for rice, peanuts sorghum and cassava underway
Updated photos coming soon
 
Doug Evans wrote from SL  

 

SHAREHOLDER LETTER & FIELD REPORT UPDATE

The Company has received a number of letters from shareholders over the past several weeks, most of which refer to concern over the lack of press releases and news updates.  This increase in shareholder concern follows a pattern that mostly relates to the stock price decline.  It is worth noting that during the previous rise in the stock price, the company received no letters nor did it issue any press.  The general sense of the letters we have received indicates a feeling that the company is either doing nothing or acting in a manner detrimental to the best interests of all concerned, so

TO THOSE SHAREHOLDERS AND THOSE WHO FEEL SIMILARLY

As this company is of the utmost importance to me and the other principles I am genuinely sorry that those of you that wrote to me feel this way.  From my point of view I'm in the business of company building and not the P & D business, so we at SGC try to act in the best interest of both the company and the shareholders.  All our press releases are reviewed by two different securities attorneys prior to being submitted for release. As per guidelines provided by regulatory authorities, a press release should only be sent out if there is a material change in regard to the company’s operations. Otherwise we use the field reports to update ongoing activities.  It must be stressed that just because we don't issue daily/weekly updates is not an indication that nothing is happening!!  I believe that we have the potential for a great year both operationally and financially.  I hope this adds clarification for all shareholders and assists in your decision making as it relates to Sierra Gold.  I would like to take this opportunity to personally thank everyone for their support and wish you all the best for 2010.

 

FIELD REPORT

February 14th was a very positive day for Sierra Gold.  President Koroma, as part of his visitations of the Northern Province Chiefdoms, spent the day in the Malal/Mara Chiefdom. He was briefed on the company’s agricultural and Carbon Credit activities in that area.  He expressed his pleasure with the Company’s employment procedures and the opportunities providing local employment.  He was also impressed with our efforts in increasing rice acreage as part of the countries efforts towards food self-sufficiency and the potential of the Carbon Credit program and its benefits to Sierra Leone and Malal/Mara in particular.  

Agriculture

CC Project

Mining

 

Field Report; January 17th 2010

Licensing

Mining operations

Farming

Carbon Credit Project

Financial information

Field report: December 17, 2009

We at Sierra Gold Corp. would like to thank our share holders for there continued support and wish all a happy holiday season and look forward to exciting 2010.

 

Field Report; December 3, 2009

Doug Evans is currently in Sierra Leone and will be there until December 15, 2009. Doug Evans reports that during his time there he will be traveling to our mining operations in Zimmi and Bo along with our farming operations in Mara Mala and Porte Locko. Negotiations are scheduled with Paramount Chiefs to secure 100,000 additional acres for our Carbon credit program. Doug can be reached in Sierra Leone his phone number in Sierra Leone is listed on our web page or you can contact John Semachko Jr. with questions.

 SGCP has recently updated our web page listing upcoming projects for 2009-2010 and updated information on our properties. We have received inquiries on carbon credit project SL1 and are in early stages of discussions. Upon Doug Evans return SGCP will update shareholders on mining operations in Sierra Leone.

Field Report; 23rd Nov 2009

Regarding project SL1 from SGCP viewpoint, it is now part of the ongoing process when something material changes i.e. a sale with funding completed SGCP will announce it. At this point from our position nothing has changed from previous information provided.

We are still working on updating our web page and hope to have it completed by the end of the week if possible.

Be well, John Semachko Jr.

Field Report: November 9, 2009

Field Report: November 4, 2009

 

Field Report; Oct 14 2009

Doug Evans is presently in Sierra Leone setting up operations for the up coming mining season. SGCP is in the process of sending an 8 inch dredge to Sierra Leone we hope to be able to ship the dredge in the next 3 to 4 weeks out of Baltimore Maryland. With the dredge comes a professional dredge operator with over 20 years of experience plus experience in swift water dredging.

 The Carbon credit project is moving forward as expected complete survey of 42,500 acres of land is expected to be completed by 10/19/ 2009. Baseline scenario is near completion and project design documents are underway. We hope to have information on the value of the project soon as all pieces are falling in place.

 

September 24 2009 Field report

Sierra Gold Corp. has signed an agreement with Green Giant Venture fund to be the Project Developer for Sierra Gold Corp carbon credit projects. By using the present land holdings we have, the project developer will calculate the amount of carbon credits that Sierra Gold Corp. will have to trade in the carbon credit market. The amount of carbon credits will not be known until all methodologies are completed. This process has started as all funding is in place to begin.

Carbon credit activities through global exchanges exceeded $115 billion dollars in 2008 and are projected to increase. Carbon credits are purchased by companies, governments the World Bank and traded in the futures market. Recently the World Bank purchased 450,000 carbon credits from the Congo.