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Thu, October 1, 2009
Wed, September 30, 2009
American Sierra Gold Corp.: American Sierra Gold Corp. Announces Urique Project Status
RENO, NV--(Marketwire - September 30, 2009) - American Sierra Gold Corp. (
American Sierra Gold's President and CEO Wayne Gruden sums up progress, saying, "We are excited over the progress being made in our Urique Project. We've already seen over 1.3 million dollars of development in the ground. This work is critical to establishing the size of the reserve on the property."
The Sierra gold belt of northern Mexico has a long history of large gold and silver discovery and production, which epitomizes the end goal of American Sierra. That goal, according to Wayne Gruden, is "discovering North America's next large producing gold mine."
American Sierra Gold's Urique Project consists of 11 concessions covering 71,334 acres within the Sierra Madre gold belt in northern Mexico, with American Sierra holding a 90% interest. The Urique Project surrounds ten mineralized areas with past mining activity whose areas are related to large mineralized hydrothermal systems with large mineable potential. American Sierra Gold's land package sits 10 miles from the producing El Sauzal gold mine that Gold Corp. previously purchased from Glamis Gold as part of a transaction worth $8.6 billion in 2006 and which has produced 274,200 - 306,900 ounces of gold per year over the past 3 years.
Urique South Zone
The Urique's South Zone is made up of an epithermal vein district measuring 2 x 2 km in size with more than 15 historic mines identified to date. Initial sampling has yielded local bonanza grade gold and silver values with highlights of 86.0 g/t (grams per ton) gold and 8,290.0 g/t silver. The most recently identified zone is the El Rosario Target, located east of the town of Urique and it comprises multiple historic mines and prospects that exploited a system of high grade veins. Sampling has yielded significant values as high as 10.6 g/t gold and 8,290.0 g/t of silver from 10-40 centimeter wide veins.
Urique North Zone
Located in Urique's North Zone, the Cerro Colorado Target is developing ahead of schedule. During its first year of exploration this section has been advanced to drill-ready stage, this date will be determined by the team currently on the ground with our operator. To date the structurally controlled breccias at Cerro Colorado have been traced over a strike length of 2.5 kilometers with the width varying from 2 to greater than 10 meters. There have been at least 4 areas of mineralization identified, with the 2 priority zones within the Cerro Colorado being the El Vergel and Mina Guadalupe zones. To date, fieldwork has included the collection of 585 rock samples.
About American Sierra Gold Corp.:
American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management.