Sierra Resource Group Elects Mining Professionals and Accomplished Businessmen to Its Board of Director's.
KINGMAN, Ariz., June 7, 2011 /PRNewswire/ -- At its annual meeting of the stockholders on April 21, 2011 a majority of stockholders of Sierra Resource Group Inc. OTCBB: SIRG) elected mining professionals James M. Stonehouse, Michel Rowland and Georges Juilland as well as businessmen Ricardo Cordon, Timothy Benjamin and Luis Munoz to its Board of Directors.
"We are very pleased and fortunate to have each of these respected gentlemen represent us on the board as it is quite unique for a company of our size to be able to attract directors of this caliber. We believe the business and technical experience they bring to the table is unmatched as well as the South American connections that could help propel this company to the next level." said Patrick Champney, Chief Executive Officer.
James Stonehouse is a mining professional having managed substantial mining operations throughout the world and has vast operating experience in North America, Central America, South America, Africa, and Asia. He also has extensive experience at Sierra's Chloride Copper Mine.
Michel Rowland a mining professional works as a private consultant in mining geology. Some of his clients include Cogema from France, Rumicuri from Ecuador, Ecuasaxon and Minera Australiana from Canada and Australia and Vincente Coronel Compania from Cuenca, Ecuador.
He has worked for Dynasty Metals and Mining Inc., Petro Canada, French construction company Fougerolle, Coyne Et Bellier from France and the Department of Commerce in France.
George Juilland is a mining professional with over 30 years experience in the development of new mineral resources in North and South America. He has held executive positions with major mining companies and supervised successful exploration programs, which have led to the discovery and the development of several new mines around the world.
Ricardo Cordon Founder and President of ARC S.A. a consulting company specializing in business process optimization and information technology. His clients include some of the largest companies in the Americas including Grupo H, Wal-Mart Central America, Banco Santa Cruz.
He has a Ph.D, in Computer Science from Princeton University,
Timothy Benjamin has a Masters in Business Administration and a B.S. in Finance and Economics from Florida International University. He has been the CFO of many public and private companies' as well as working for the Federal Reserve Bank of Atlanta Georgia as a Senior Account Executive/Account Executive/Section Manager/Supervisor for over six years.
Luis Munoz has been the General Manager of the legal consulting firm, Neglex, located in Quito, Ecuador and former Vice-Chairman of MN&A Abogados located in Quito Ecuador. He has a Masters in Business Administration from INCAE Business School located in Alajuela, Costa Rica. In 2004, he received a Doctor of Law Degree from Universidad International del Ecuador located in Quito, Ecuador.
For more information, please, visit our web site www.sierraresgroup.com
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 is 80% ownership of the Chloride Copper Mine located near Kingman Arizona. 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. The company is looking to expand throughout the Americas in the near future.
Sierra plans to use open pit mining and plans to reopen the existing SX/EW plant on site with the maximum capability of producing up to 5,400,000 pounds of Copper Cathode per year. The existing SX/EW Plant On-Site is environmentally friendly, cost effective and a quick production process according to an article published by the Copper Development Association in August 2001.
The Chloride Copper Mine deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at Chloride Copper Mine is in the form of mineralized lenses contained within a paleochannel approximately a few thousand feet long and up to 750 feet wide. The source of copper at Chloride Copper Mine is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Chloride Copper Mine deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.
FOR INFORMATION CONTACT:
Sierra Resource Group, Inc.
Ph. 702.462.7285
www.sierraresgroup.com
Patrick Champney CEO
[email protected]
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 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, 2010, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011, and the Company's Reports on Form 8-K, all 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 document or with respect to any of the information described herein.
SOURCE Sierra Resource Group, Inc.
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