Recent news:
Western Sierra (OTC WSRA) Joint Venture Funding for Ore Cache Mine Development
PRESCOTT, AZ -- (Marketwire) -- 05/11/09 -- Western Sierra Mining Corp., (PINKSHEETS: WSRA) announced today that it has received initial funding of $50,000.00 for its joint venture on the Oro Cache hard rock gold property. These initial funds do not involve any dilution to WSRA shareholders and represent the first installment of the total joint venture funding commitment of $1,000,000.00 to $1,400,000.00 be received over the next twelve months. This funding will allow the initiation of the Phase I goals of improving access to the main portal and the filing of exploration permits with the U.S. Forest Service. It will also allow commencement of a pre-production testing program for the Oro Cache hard rock gold property and preliminary design work on the gold recovery plant.
Michael Chaffee, CEO and President of Western Sierra Mining, commented, "We are very pleased to be able to commence this joint-venture with Gold Coast Mining Corp. These initial funds will allow us to make significant progress toward production of the proven gold reserves at the Oro Cache Mine. With a current portfolio of over $1,000,000,000.00 in proven, probable and indicated reserves in property, projects and leases we hope to be able to announce more progress during the second quarter of 2009. We are committed to transitioning WSRA to a revenue-producing gold production company as quickly as possible to enhance shareholder value." Potential development partners or shareholders may request more information by contacting the company directly, registering at kitco.com or by emailing a request to wsragold@yahoo.com.
About Western Sierra Mining Corp.
Western Sierra Mining is an aggressive gold and silver exploration and mining company that has been in the exploration mode for the past four years. Incorporated in Utah in 1907, we have a heritage of over 100 years in gold and silver mining and exploration. Focused on the historic mining districts of the Bradshaw mountains of Arizona, with additional areas of interest within Nevada and Mexico, our current projects include the SunGold, Oro Cache, and the Big Chief Mines, all of which have demonstrated high-grade mineralization with previous histories of production.
Long-term company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production. For more information on Western Sierra Mining please go to westernsierramining.com.
|
