TORONTO, Jan. 26, 2012 (GLOBE NEWSWIRE) -- Sierra Gold Corp., (OTC:SGCP.PK) announces JV Agreement.
Sierra Gold Corporation is pleased to announce that it has entered into an agreement with Accurate Resource Development Corporation (ARDC), a private U.S. company. ARDC will provide its expertise and equipment to work on one of the SGCP concessions to recover and process the black sands. Under the terms of this agreement, SGCP will receive $500,000 in the first full year of operation.
Doug Evans, Chairman and CEO, stated that he believes this is the beginning of a number of JVs which will increase shareholder value in 2012.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.