Sierra Gold Corporation is a Nevada State USA company that
owns the mining rights of Northern Star Resources Ltd, a
Sierra Leone incorporated gold and diamond mining company.
The rights include a secured 40 sq/km prime mining concession
with a government issued two year exploration license. The
property is located on the North Pampana River which is
one of Sierra Leone’s richest known alluvial gold
mining rivers. The property lies south of the Sula Mountains
approximately 120 km east of the Capital City of Freetown
in the Greenstone belt of Sierra Leone.
A report completed by the mining engineer Michael Manke
on the property in the mid 1990’s indicated gold grades
of .12 oz/ton taken from the auriferous gravel in the Pampana
Channel and it’s flanking flats and terraces. The
original study of the resource potential indicated a possible
resource of 500,000 ounces. Recent large bulk sampling work
done in the Winter and Spring of 2005 indicate gravel depths
more than double those previously reported and significant
gold values, 2.62 gm/ton (.092 oz/ton) in the overburden.
Given the above information the resource potential could
be in excess of $ 500,000,000 with significant areas of
the property yet to be explored. No assurances can be made
that such potential may be reached or profits realized.
A more recent 43-101 report (competent persons report)
completed by the company's geological consultant Hendrik
Veldhuyzen in April 2006 stated the property was one of
merit and detailed an ongoing exploration and development
It is the aim of Sierra Gold Corporation to raise exploration
and development capital on the Pink Sheets to expand the
resource and complete a test mining program while completing
the process to move the company to the NASDAQ market. To
complete this process Sierra Gold aims to raise the $ 2,500,000
to complete the expanded exploration and development program.
The company also plans to satisfy the requirements necessary
to qualify for the NASDAQ market.