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Western Sierra Completes Infrastructure Improvements at the Gold BasinMine
PRESCOTT, Ariz., Oct 21, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) announced today that it has completed all infrastructure improvements to the Gold Basin mine necessary prior to initial production. Work will begin next week to begin preliminary excavation of the proven reserves to stockpile and ready the ore for production scheduled to begin in November.
Michael Chaffee, CEO & President of Western Sierra Mining, commented, "We are pleased that we brought the project in within budget with only minor delays. First excavation has already begun and will last through the end of the following week. Initial testing will also be conducted as we finalize the first production schedule and work to complete the mine development plan."
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Data on Gold Basin from GoldTech Engineering when the property was for sale
GOLD BASIN PLACER MINE - TURN KEY - located near Prescott, Arizona
“The Gold Basin Placer Project is viewed as one of the best placer projects in Arizona, from the standpoint of proven reserves through exhaustive testing, ore tenor, location and logistics, water availability and year around climate.”
LOCATION: The Gold Basin claims are located on 332 acres in central Arizona, within the Hassayampa River Basin, some 20 miles south of Prescott and one mile north of Wilhoit at an elevation of 4,100 feet. The claims are near paved Arizona State Highway 89 and fully accessible using an unpaved forest service road to the site.
ORE QUALITY AND VOLUME: Over $250,000 has been spent on extensive surface and drill testing, bulk sampling and assays over the past 15 years. The claims contain at least 17-24 million tons of processable ore. (b)Proven and probable reserves as shown from Nebeker report data are US 600,000,000.00 at $900 per ounce.(/b) Much of the ground with the same or similar geology has not yet been tested so final reserves may be much higher.
MINING: The property is located on Prescott National Forest land, although the site is desert like with no merchantable timber. The Plan of Operations and Stipulations have been approved, and the Authorization to Commence Operations has been issued by the US Forest Service. The reclamation bond has been approved and is in place. The production season is year around.
WATER: Water is available from a river flowing on the claims. An existing deep pool on the shore of the river has a pump in place with piping to the mining site recycling ponds. The Plan of Operations permits pumping from the river at this pond site. Two water wells on the site have also been permitted and drilled and can provide water for mining during summer dry periods.
DEVELOPMENT AND OPERATIONS: After 12 months of site construction, infrastructure development is complete and the mine is ready for commissioning and operation. A small trommel wash plant was temporarily integrated into the infrastructure, which was proven in operation during a number of test runs. Over $800,000 has been invested in infrastructure development and equipment.
Initial ore mining can commence at two sites. One is near the plant on the Lost Nugget claim. The second is 1.5 miles south of the plant on the Red Hill claim. Red Hill ore is largely rock free and heavy in clay. However, Red Hill ore appears to have an excellent yield and may come in as high as $50 per yard over time. Lost Nugget ore is rocky and contains little clay. However, Lost Nugget ore has a lower yield and may come in at $10-15 per yard over time. The mining engineer has determined that the best way to wash the clay from Red Hill is to mix it with the rocky Lost Nugget ore in the wash phase. This has proven highly effective using the trommel test plant with virtually no unwashed dirt and no gold found in the tailings.
INFRASTRUCTURE & EQUIPMENT: The following equipment is included in the sale price: John Deere 4x4 backhoe with one yard bucket, front end loader with a 4 yard bucket, Atlas trackhoe excavator, Cat D-8 dozer, Mack dump truck, tool storage cargo trailer, office and watch trailer, 250 gallon propane tank, 500 gallon diesel tank, pickup with diesel fueling capacity, concentrate recovery systems, and a complement of portable generators, pumps, tools, supplies and accessories. Infrastructure includes roads, pads, two lined recycling ponds, two water wells, fine gold processing shelter, and locking metal gates. See equipment exhibit below for detailed list.
EXPANSION: The trommel plant used to test the infrastructure and map the pay streaks is a 5 yard per hour test plant owned by the company. Except for the addition of a wash plant, the mine is ready for sustained moderate production. Reaching an output level of 50 yards per hour or more will require additional equipment acquisition.
GEOLOGY REPORTS, TECHNICAL REPORTS, MAPS, PHOTOS AND OTHER EXHIBITS: The following exhibits are available in their entirety for review. Please click on any relevant item for the original document. After completion of review of any exhibit listed below, press the back button on your browser to return to this page:
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These are the cheap shares at this price. When they start production which is sooner then we think IMO this is gonna fly. Very low float
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Western Sierra Mining Corp. Updates SEC Filings to Become Fully Reporting
Update on Anticipated OTC Bulletin Board Listing
PRESCOTT, Ariz., Oct 23, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) announced today an update on its progress to list the company on the OTC Bulletin Board. Western's accountants have completed audits and reviews of the Company's financials through the period ended June 30, 2007. All filings up to and including the period ended March 31, 2007 have been filed with the SEC; the remaining audit for the year ended December 31, 2007 and reviews through the quarter ended June 30, 2008 should be completed and filed next week. Additionally, the Company is current with its required filings for the Pink Sheets. Once these financials are filed, the Company will be current with all of its audited and reviewed financials required for a listing on the Bulletin Board.
Michael Chaffee, CEO and President of Western Sierra Mining, commented, "The completion of the requirements for listing on the Bulletin Board has been a primary focus of ours for quite some time now. While the Company has recently increased its mining portfolio with the addition of eight mining claims in the Bradshaw Mountains of Arizona with total reported proven, probable and indicated gold reserves of approximately 500,000 ounces and 950,000 ounces of silver in addition to the Gold Basin property, it has recently optioned containing a total of approximately 550,000 ounces of proven, probable and indicated gold reserves, the successful upgrade to a fully reporting company would allow us to potentially access pools of investment capital and investors previously unavailable to WSRA. We look forward to keeping our shareholders informed of the exciting developments taking place in their company."
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Western Sierra Begins Pre-Production Testing of Gold Basin Mine
PRESCOTT, Ariz., Oct 28, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) announced today that it has initiated pre-production testing for the Gold Basin placer mine, located near Wilhoit, Arizona. Total proven gold reserves for the mine exceed 150,000 ounces, with additional probable and indicated gold reserves of 400,000 ounces. The Gold Basin Placer Mine is currently being operated under a lease option from Pine Creek Mining. Western Sierra has an option to purchase the mine which it may pursue pending results of the testing and financing opportunities currently being explored by the Company. The testing, expected to take two to three weeks, is being done in conjunction with previous documented data collected and reported by outside and independent geologists over a sixty-year period in order to provide the Company with direction for initial production. Management intends to update shareholders as new data becomes available.
Michael Chaffee, CEO & President of Western Sierra Mining, commented, "We have finished the excavation work opening up some 40 sites and exposing in excess of 1000 feet of the ore body at both the Gold Basin and Red Hill locations. Processing the test site material has begun to confirm past historical work as well as providing direction for the first large scale production program."
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Western Sierra (OTC WSRA) Completes Initial Excavation and Releases Preliminary Production Numbers for the Gold Basin Mine
PRESCOTT, Ariz., Nov 10, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp., (OTC: WSRA) announced today that it has completed the initial excavation phase of the proven reserves at the Gold Basin mine. Historical data indicates Possible and Indicated Reserves exceeding $400 million at $750 per ounce gold, with much of the ground with the same or similar geology untested at this point. Michael Chaffee, CEO & President of Western Sierra Mining, commented "Our initial findings corresponded well to historical data. We have now completed the testing necessary to develop our production/mine operating plan so that we may process the ore with the highest gold content to maximize our gold production per hour, and we will release data as it becomes available.
Mr. Chaffee further stated "The Gold Basin Mine is one of three mines WSRA intends to simultaneously operate during Phase I of our Gold and Silver mining operations. Western has invested over $800,000 of its own funds to prepare these mines for operations".
Gold Basin Mining Statistics
The Gold Basin Placer Project is viewed as one of the best placer projects in Arizona, from the standpoint of proven reserves through exhaustive testing, ore tenor, location and logistics, water availability and year around climate.
Description and Location: The Gold Basin claims are located on 332 acres in central Arizona, within the Hassayampa River Basin, some 20 miles south of Prescott, Arizona. The claims are near paved Arizona State Highway 89 and fully accessible using an unpaved forest service road to the site.
Plan of Operations: The program is divided into two phases. Using equipment that currently exists on site, Western will initially operate a small scale 20 yard plant. A second plant will be constructed to expand future operations to 40 to 50 yards per hour and will run simultaneously.
Gold Basin Mine Reserves and Financial Projections (Phase 1):
Yearly Cash Flow $2.0 million(1) Margins 50% Reserves oz. Gold: 150,000 oz proven / 400,000 oz probable-indicated Reserves $ Gold: $112 million proven / $300 million probable-indicated Mine Life 20 (+) years
(1) - Note: Productivity of the Gold Basin Mine may be increased by 100% in less than 12 months with the use of the existing cash flow and Western plans to do so.
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WSRA just filed there last Q required for uplisting today. Read through it and they have shareholder equity of almost $.10 a share. Uplisting any day.
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Western Sierra Mining Corp. Updates Investors on Mines in Excess of $1,000,000,000 in Total Reserves and Upgraded Stock Listing Developments
PRESCOTT, Ariz., Nov 14, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) announced today that all filings have been completed with the SEC so that WSRA is now current on the pink sheets and investors are able to access real time level 2 quotes on our stock. We are in the process of identifying a market maker to complete the necessary paperwork for a listing on the Bulletin Board, and as we are now putting our recent acquisitions into production we hope to make the transition from an acquisition and exploration company to a revenue based gold and silver production company, with an eventual eye towards a senior exchange.
Dennis Atkins, CFO of Western Sierra Mining, commented, "Over the past six months we have raised funds internallyto initiate acquisitions, complete audits and commence production. Specifically, we have concluded an acquisition of the Gold River Mine ($400M in reserves), entered into a lease/option for Gold Basin ($600M in reserves) and completedfour years of audits and filings. Final pre-production testing is on-going the Gold BasinMine, and we have entered into a lease/option for550 acres of patented claims and two mines (Bluebell and DeSoto) thatwebelieve containssignificant gold, silver and copperreserves. These mines form the basis of our Phase I Production Program, and we will release more data as it becomes available."
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Western Sierra Announces Pre-Production Testing Results
PRESCOTT, Ariz., Nov 18, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp., (OTC:WSRA) announced today that it is getting better than expected results from some of the pre-production holes at Gold Basin Mine. Michael Chaffee, CEO & President of Western Sierra Mining, commented "we will be running larger bulk samples this week targeting those holes in order to determine the best locations for initial production. We have categorized those holes for production based on the size of the production plant available as well and will be able to report our findings later this week."
Our initial findings corresponded well to historical data. We have now completed the testing necessary to develop our production/mine operating plan so that we may process the ore with the highest gold content to maximize our gold production per hour, and we will release data as it becomes available.
Mr. Chaffee further stated "The Gold Basin Mine is one of three mines WSRA intends to simultaneously operate during Phase I of our Gold and Silver mining operations. Western has invested over $800,000 of its own funds to prepare these mines for operations".
Gold Basin Mining Statistics
The Gold Basin Placer Project is viewed as one of the best placer projects in Arizona, from the standpoint of proven reserves through exhaustive testing, ore tenor, location and logistics, water availability and year around climate.
Description and Location: The Gold Basin claims are located on 332 acres in central Arizona, within the Hassayampa River Basin, some 20 miles south of Prescott, Arizona. The claims are near paved Arizona State Highway 89 and fully accessible using an unpaved forest service road to the site.
Plan of Operations: The program is divided into two phases. Using equipment that currently exists on site, Western will initially operate a small scale 20 yard plant. A second plant will be constructed to expand future operations to 40 to 50 yards per hour and will run simultaneously.
Gold Basin Mine Reserves and Financial Projections (Phase 1): Yearly Cash Flow $2.0 million** Margins 50% Reserves oz. Gold: 150,000 oz proven / 400,000 oz probable-indicated Reserves $ Gold: $112 million proven / $300 million probable-indicated Mine Life 20 (+) years
** - Note: Productivity of the Gold Basin Mine may be increased by 100% in less than 12 months with the use of the existing cash flow and Western plans to do so.
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LAKE HAVASU CITY, Ariz., Nov 24, 2008 (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%.
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Western Sierra Confirms Production Targeting 500,000 Oz. of Gold Reserves
PRESCOTT, Ariz., Dec 02, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC: WSRA) confirmed today that it has begun production at the Gold Basin Mine. The Gold Basin Mine has in excess of 500,000 oz. of total gold reserves valued at over $400,000,000.00 with anticipated margins of approximately 50%. While initial yearly cash flow of Phase I Production at this mine alone is targeted at $2,000,000.00, Western hopes to leverage production and increase this level to $4,000,000.00 in less than 12 months. Michael Chaffee, CEO & President of Western Sierra Mining, commented, "We started our initial production runs yesterday utilizing the equipment we have been installing over the past eight weeks. Initial production results correspond well to historical data, and we will release results as they become available."
Mr. Chaffee further stated, "The Gold Basin Mine is one of three mines WSRA intends to simultaneously operate during Phase I of our Gold and Silver mining operations. Western has invested over $800,000 of its own funds to prepare these mines for operations, and is currently exploring a private financing to accelerate the company's business plan. While the Phase I Plan allows for expansion to be financed through cash flow, the proposed financing would allow for the outright purchase of the Gold Basin Mine which is currently being operated on a lease option, as well as an acceleration of our production plan. No formal decision has been made concerning the financing proposal, but we will release more details to our shareholders as they become available."
Gold Basin Mining Statistics
The Gold Basin Placer Project is viewed as one of the best placer projects in Arizona, from the standpoint of proven reserves through exhaustive testing, ore tenor, location and logistics, water availability and year-round climate.
Description and Location: The Gold Basin claims are located on 332 acres in central Arizona, within the Hassayampa River Basin, some 20 miles south of Prescott, Arizona. The claims are near paved Arizona State Highway 89 and fully accessible using an unpaved forest service road to the site.
Plan of Operations: The program is divided into two phases. Using equipment that currently exists on site, Western will initially operate a small scale 20 yard plant. A second plant will be constructed to expand future operations to 40 to 50 yards per hour and will run simultaneously.
Gold Basin Mine Reserves and Financial Projections (Phase I):
Yearly Cash Flow $2.0 million** Margins 50% Reserves oz. Gold: 150,000 oz. proven / 400,000 oz. probable-indicated Reserves $ Gold: $112 million proven / $300 million probable-indicated Mine Life 20 (+) years
** - Note: Productivity of the Gold Basin Mine may be increased by 100% in less than 12 months with the use of the existing cash flow and Western plans to do so.
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Western Sierra Mining Corp. Files for Upgraded Stock Listing; Awaits Initial Production Results Targeting $400 Million in Reserves at Gold Basin
PRESCOTT, Ariz., Dec 10, 2008 (BUSINESS WIRE) -- Western Sierra Mining Corp. (OTC:WSRA) announced today an update on its progress to trade on the OTC Bulletin Board. As of this date, Western's Form 211 has been filed by a broker dealer, and we are awaiting notification regarding our pending trading application.
Michael Chaffee, CEO and President of Western Sierra Mining, commented, "Over the past six months we have raised funds internally to initiate acquisitions, complete audits and commence production. Specifically, we have concluded an acquisition of the Gold River Mine ($400M in reserves), entered into a lease/option for Gold Basin ($600M in reserves) and completed four years of audits and filings. Having the stock trade dually on the pink sheets and OTC Bulletin board would allow investors to access real time level 2 quotes on our stock as well as allow them the ability to trade our stock electronically without the need for broker assisted trades, subject to individual brokerage firms' compliance and suitability regulations."
In a separate note Mr. Chaffee stated, "As production has begun at the Gold Basin Mine this past week we hope to complete the circle and make the transition from an acquisition and exploration company to a revenue based gold and silver production company, with an eventual eye towards a senior exchange to increase access to investment capital and shareholder liquidity. As first run numbers become available from the Gold Basin Mine we will release the data to our shareholders."
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