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Western Sierra Resource Corporation Announces 69% Increase in Previously Projected Revenues to $4.6 Billion, Expansion of Claims by Additional 660 Acres and Engagement of Mining Contractors at Sage Hen Mine. Video and Mining Report Posted on Website
Western Sierra Resource Corporation Announces 69% Increase in Previously Projected Revenues to $4.6 Billion, Expansion of Claims by Additional 660 Acres and Engagement of Mining Contractors at Sage Hen Mine. Video and Mining Report Posted on Website.
About this update from Western Sierra Resource Corp.
[{"type":"text","content":"\n STEAMBOAT SPRINGS, Colo., Aug. 03, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to announce results of an ‘Assay Review and Enhanced Recovery Report’ (July 21, 2021) commissioned with California’s R&P, LLC (James C. Cousino, PhD, Principal).* The R&P Report determines that a 69% recovery rate increase from the Company’s earlier estimates is likely—translating to projected net annual revenues of $4.6 billion (versus $3.2 billion) at scale of 1100 tons of ore processed per day. The R&P Report was initiated prior to the Company’s acquisition of 70% of SSMG’s common stock (announced June 30, 2021). This Report will be updated continuously through the requisite 90-day permitting process during which allowable testing and preliminary on-site development is taking place, and thereafter concurrent with full production. Upon permit approval, the Company will immediately begin construction of the SSMG 100 ton per day Pilot Plant. Prior to, and during Plant construction, off-site processing and ongoing testing by R&P will ensure refinement and optimization of processing protocols to maximize yield balance from gold, silver, platinum, palladium, rhodium, and iridium present in the mineral-rich source material being extracted at the Sage Hen site. Additional on-site samples were excavated July 19th through July 23rd and delivered to R&P in California for that purpose. The Company also announces that on July 22, 2021, an Agreement was executed that expands the Sage Hen Mine boundary by 660 acres to a total of 1300 acres. This expansion provides the Company with over 200 years of source material at 1100 tons per day of production at a depth of 100 feet. The Company is also pleased to confirm that Site Works Logistics, LLC has been engaged as SSMG’s development partner for the Sage Hen Project. ‘Site Works’ experience in heavy construction and material handling will be integral in maintaining production schedules and meeting budgetary objectives. Their addition to the SSMG team helps ensure the timely final design approval and fabrication of the 100 ton per day Pilot Plant for subsequent expansion to a capacity of 1100 tons per day. Many traditional mining companies would be incredulous at SSMG’s recovery results for g...