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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (29411)	11/24/2008 10:10:56 AM
From: LoneClone	Read Replies (1) \| Respond to of 193124

Western Sierra to Begin Production at Gold Basin Mon Nov 24, 9:08 AM ca.news.finance.yahoo.com LAKE HAVASU CITY, Ariz.--(BUSINESS WIRE)--Western Sierra (OTC: WSRA) announced today that it has completed 95% of the preparation necessary to begin production at the Gold Basin Mine. “Phase 1 and Phase 2 ore conformation is now complete and major portions of the Gold Basin mine site have been prioritized for delivery to the initial processing plant. We anticipate commencing Phase One Recovery Operations immediately after the Thanksgiving holiday,” stated Michael Chaffee, CEO & President of Western Sierra Mining. Through an extensive testing program over the last several weeks, guided by historical data, we have been able to “grade” several portions of the Gold Basin claims in preparation to provide the highest value ore values to be processed on the smaller gravity trommel. Each of initial 100+ sample sites provided information with respect to grade and tonnage and allowed us to develop a mine plan for the smaller 10 yard plant as well as the anticipated 20 yard and eventually a 50 yard/hr water gravity concentration facility. The Gold Basin Mine has in excess of 500,000 oz. of total gold reserves valued at over $400,000,000 with anticipated margins of approximately 50%. About Western Sierra Mining Corp. Western Sierra Mining (http://www.westernsierramining.com) 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. The company has over 1100 shareholders with an active and independent seven member Board of Directors featuring a Chairman who is the former CFO for Nabisco Foods, European Division . 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 mining group, 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. The Gold Basin Mine is one of the three mines WSRA intends to simultaneously operate during Phase I of our Gold and Silver mining operations to make the transition from an acquisition and exploration company to a revenue based gold and silver production company. Western has invested over $800,000 of its own funds to prepare these mines for operations, and will release data on the other mines comprising Phase I of operations shortly. Safe Harbor This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Western Sierra Mining Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Brass Bulls Investor Relations Matthew Lovito, 866-342-2700