Sidney Resources Corporation, (SDRC), Coeur D’ Alene, ID, July 15, 2022. As a fundamental ethos of the leadership of Sidney Resource is a focus in developing companies that are both disruptive and transformative in their industry. That focus includes building partnerships with companies such as Liberty Refiners. Our team and the management team at Liberty Refiners has been working hard to develop a relationship between the companies that both organizations believe will be mutually beneficial. Liberty Refiners has developed clean smelter technologies and we are interested in seeing those technologies be tested and deployed. Our CEO, Sean Rae Zalewski, through his extensive connections with accredited investors and family offices was able to obtain $750,000 in funding that has already been received by Liberty to further projects they have in development. Liberty Refiners is also demonstrating a commitment to the developing relationship as Rick Hurt of Liberty Refiners recent visited the Lucky Ben Project site in Warren Idaho and participated in the collection of samples which will be evaluated by Liberty Refiners not only for gold and silver but for other rare earth minerals and refining specifications.
Our contractor is moving full steam ahead at the Lucky Ben project site. They are preparing to complete the construction of a new 1000 square foot building on location. Groundhog Mining & Milling Company continues to slap and open the existing tunnel and has begun construction on the new portal for the lower tunnel for the purpose of drifting directly on the vein that was intersected during last years diamond drill program.
In his summary report of the 2021 diamond drilling program, Geologist, Richard Morris of Spokane Valley, Washington, reported six holes were drilled in various directions and at angles designed to intersect the vein below the elevation of the Lucky Ben Adit. The program was successful as every hole intersected the vein. Two of the holes returned assays between 1/2 and one ounce/ton gold and one of these samples contained visible gold. Following is a compilation of the results.
Hole # | Direction | Angle | Au (OPT) | Ag (OPT) |
LB-1 | S 4 E | -15 | 0.16 | 5.45 |
LB-2 | S 6 W | -16 | 0.832 | 2.28 |
LB-3 | S 17 E | -17 | 0.671 | 1.10 |
LB-4 | S 14 E | -27 | 0.004 | 0.12 |
LB-5 | S 4 E | -27 | 0.10 | 0.62 |
LB-6 | S 5 W | -25 | 0.012 | 1.60 |
Dan Hally, Vice President of Operations used the following comparison to explain the significance of these assay results, “the World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t. Our core samples had a high assay result of 23.58 g/t and the average assay result for the 6 holes drilled was 8 g/t”.
Our technology team in Coeur D’ Alene continues to prepare for testing of the fiber laser technology at the Colorado School of Mines later this year. Components for the test unit are in production with various suppliers including the specialized optics being manufactured by Raytheon ELCAN.
For additional information please contact Dan Hally at 509-552-9858 or by email at dan@sdrccorp.com or visit our website at www.sidneyresourcescorporation.com