KINGMAN, Ariz., June 4, 2013 /PRNewswire/ -- Sierra Resource Group, Inc. (OTCBB: SIRG) (the "Company" or "Sierra") announced today that it continues to make progress in its efforts to re-open the Chloride Copper Mine (the "Mine"). The Company awarded its Aquifer Protection Permit ("APP") work with Arizona Department of Environmental Quality ("ADEQ") to full-service engineering and construction firm CDM Smith (www.cdmsmith.com) in August 2012. Sierra has now also engaged CDM Smith for the work associated with its Air Quality Permit (pursuant to the Clean Air Act), as well as all electrical work associated with building of the substation and all the other electrical needs required to re-start mining operations.
"CDM Smith has done a terrific job with our APP Permit and the ADEQ, and we felt they are supremely qualified and the right group to handle the Air Quality Permit as well as the needed electrical work," said J. Rod Martin, Chief Executive Officer of Sierra.
Mr. Martin went on to say that CDM Smith's expertise and commitment to continually improving environmental value and quality of life fits well with Sierra's own commitment to operating responsibly and maintaining environmentally friendly policies while impacting the local economy in a positive manner that allow its shareholders to take pride in their investment.
About the company:
Sierra Resource Group Inc. (OTC Bulletin Board: SIRG) is a U.S based exploration and mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Sierra's primary asset was 90% ownership of the Chloride Copper Mine (the "Mine") located near Kingman, Arizona. Now after acquiring the remaining 10% minority interest, Sierra owns 100% of the Mine. The technical report, NI43-101, by Scott Wilson Roscoe Postle Associates March 10, 2006, estimates the Chloride Copper Mine contains 27,000,000 pounds of copper.
Sierra plans to use open pit mining and plans to reopen the existing SX/EW plant on site with a maximum capability of producing up to 5,400,000 pounds of Copper Cathode per year.
Sierra's Management and Board of Directors consist of expert geologists, mining professionals and experienced business people.
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Sierra Resource Group, Inc.
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J. Rod Martin CEO
Safe Harbor Statement under the Private Litigation Reform Act of 1995. Forward-looking statements in this document do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. You can anticipate that actual results will be different due to the inherent uncertainty of estimates; forecasts and projections may be better or worse than projected. Forward-looking statements may relate, among other things, to expected financial and operating results and the Company's ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: the Company's limited operating history, the speculative nature of the Company's planned operations, difficulty in developing new projects, difficulty gaining necessary governmental approvals, the Company's lack of market research and marketing organization, the Company's inexperience in operating internationally, and difficulty managing rapid growth. At this time, there can be no assurance that the Company will successfully complete the permitting processes referred to in this press release or obtain the financing it needs to execute its plans. For a more detailed discussion of the risks and uncertainties of Sierra Resource Group's business, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, the Company's Quarterly Report on Form 10-Q for the period ending March 31, 2013, and the Company's Reports Form 8-K, all as filed with the Securities and Exchange Commission, and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this press release or with respect to any of the information described herein.
SOURCE Sierra Resource Group, Inc.