Western Sierra Confirms New Production Agreement for the Gold Basin Mine
18 Mai 2011 - 2:00PM
Western Sierra Mining Corp., (Pink Sheets:WSRA) confirmed today
that the Gold Basin mine will commence a full production schedule
beginning immediately.
Under a mutual agreement with Pine Creek Mining, the current
owners of the Gold Basin Mine, Western will continue to provide a
variety of services for the long-term development of the property.
Western and Pine Creek will mutually act as mine supervisors for
the production phase on the upper portions of the mining
claims.
The new production plant now being installed is designed to
operate at 50 yards per hour. The current plant location and
holding ponds are being modified to facilitate material handling
requirements.
In addition to the work on the upper claims, Western and Pine
Creek will focus additional resources on developing the lower
claims including additional testing and permit expansion. The
intent, in conjunction with the U.S. Forestry Service, is to
provide a long-term alternative to the current plant location while
significantly expanding production.
The Gold Basin Mine is fully permitted and bonded with proven
and probable reserves of in excess of $800 million at gold prices
of $1,200. Depending on ultimate production rates, mine life
will be in excess of 20 years.
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
Western Sierra Resource (CE) (USOTC:WSRC)
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