Sidney Resources Corporation Commences Operations at Its Gold, Silver, and Cobalt Mine
13 9월 2004 - 11:00PM
PR Newswire (US)
Sidney Resources Corporation Commences Operations at Its Gold,
Silver, and Cobalt Mine BOISE, Idaho, Sept. 13
/PRNewswire-FirstCall/ -- Sidney Resources Corporation (OTC:SDRC),
a Nevada Corporation, is pleased to announce that after evaluation
and due diligence of several patented precious metals prior
producing properties, they have long term leased the historic Lucky
Ben Mine, 41 miles north of McCall, Idaho. Beginning in 2003 they
constructed roads and continue to complete the infrastructure and
buildings. Some mining equipment, materials and supplies are on
site or at their McCall warehouse. They gained access to the old
workings at the 6553' level adit and their consulting metallurgist
and mining consultant took ore samples from old stopes as well as
over 950 lineal feet on strike of the vein at the surface.
Independent, certified, fire and atomic absorption assay reports
confirm ore grades from just above trace amounts to: gold 1.866 oz
per ton, silver 45.37 per ton, and cobalt 317 P.P.M. to 871 P.P.M.
In addition to 53 +/- acres of patented claims, they have filed
four unpatented claims totaling 80 acres adjacent to the Lucky Ben
including the old Arlise silver/gold producer. The operations plan
includes capturing all mine and mill emissions and re-circulating
them as well as filing worked out mine areas with all mill
tailings. Surface disturbance is kept to a minimum and all roads
are treated for dust abatement. Hydro seeding bids have been
requested. They do no open pit mining and do not use cyanide heap
leaching or mercury amalgation. Bio-leaching is currently being lab
tested. Sidney Resources is capitalized at 500 million shares of
common stock with 19.5 million shares outstanding and are debt
free. The annual meeting of shareholders is being scheduled for
late October 2004. A copy of Sidney Resources' 15 C 211 is
available on request. Certain statements contained in the news
release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are based on beliefs of management as well as assumptions made by,
and information currently available to, management. Forward-looking
statements are subject to risks, uncertainties, and other factors
that could cause actual results to differ materially from expected
results. DATASOURCE: Sidney Resources Corporation CONTACT: W.F.
Bill Brown of Sidney Resources Corporation, +1-208-853-6121
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