Sierra Gold Corporation (SGCP.PK) is emerging in the gold and diamond mining industry. The company explores and develops gold and diamond properties in Western Africa. The company also owns the rights to Northern Star Resources Limited, with mining properties covering 40 square kilometers in Sierra Leone.
The company’s mining properties are located in the Pampana region, which is well known to be rich in high value gold and other precious metal reserves. In February 2007, the gold reserves were estimated at around 520,000 ounces. In June 2007, the gold reserves increased to 936,000 ounces, worth approximately $616 million.
Sierra Gold Corporation’s goal is to acquire and develop gold and other precious mineral properties in order to increase shareholder value. The company is on the right track with their already acquired mining assets, proving to be more valuable than previously estimated.
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