Welcome!

News Feed Item

Sunergy Dredgemaster David Price Is Ready to Commence Operations of Three Dredges in Sierra Leone and Two Dredges in Liberia, All Operating on Gold and/or Diamond Recovery for Immediate Monthly Cash Flow

SCOTTSDALE, AZ -- (Marketwired) -- 01/31/14 -- Sunergy, Inc. (the "Company") (OTCQB: SNEY) is pleased to announce that Dredgemaster, David Price, has managed to get all three company dredges in Sierra Leone ready for operations and is locating them in three separate productive gold and/or diamond operations. He has also arranged for two new additional dredges to be deployed in Liberia under our recently acquired 1,000 acre mining agreement in a historically known rich diamond and gold area.

Company President and CEO, Garrett Hale comments: "Dredgemaster has really taken the bull by the horns for Sunergy and has managed to put together equipment and matched this equipment with immediate productive opportunities on very favorable terms for our Company in Sierra Leone and Liberia. Two projects commence in the next couple of weeks and reconnaissance for the third finalizes next week and equipment and crews will move in to begin dredging and recovery operations immediately thereafter in Sierra Leone. Mr. Henry Lansana, a Sierra Leonian by birth has recently returned to Sierra Leone from California on Sunergy's behalf and has brought substantial opportunities for high grade operations in diamonds and gold. Mr. Lansana served as a security person for former Sierra Leone Vice President, Joe Demby and is a highly regarded individual in his homeland and has committed his efforts exclusively for Sunergy. In addition, David Garnett, a close family friend and relative of Henry and a Sierra Leone native and resident, is being trained as an apprentice to Dredgemaster and has committed his efforts exclusively to Sunergy. David and his wife are directly responsible for our newest Diamond and gold opportunity in association with very prominent and respected Sierra Leone individuals and mining sites second to none in the country. Management representatives are travelling to Liberia and Sierra Leone to assist in these start up activities."

David Price, Dredgemaster, comments: "I am quite pleased to be organizing Sunergy's operations both here in Sierra Leone and in Liberia. Both Henry and David are capable of running and supervising Sierra Leone operations. I will be in and out during our full year of planned operations. I am heading for Liberia in the next week or so with the equipment to start our new dredging operations for gold and diamonds. I will be assisted by Bill Thompson, from Fort Lauderdale, Florida, a friend of Sunergy for several years and the individual responsible for our ability to get fully organized for profit in Liberia. Bill's long term friend and classmate in the US is resident in Liberia and these important local connections have enabled us to get started on prime properties with quality people involved. We will establish quality operations crews in Liberia and will be joined by Hans Strand from Napa, California to share supervisory obligations in both countries. When I am in Sierra Leone, Hans will be in Liberia and vica versa. So, in a nutshell, we have accomplished a lot in the last few weeks and are now really ready to launch. We have competent crews operating for us and top notch security in all these operations. I am also pursuing an additional dredge in Liberia and expect to be able to deliver on our statement to try to have 6 working dredges by mid-February."

We expect to report recovered weights of our recovered gold and diamonds on a monthly basis. This is because final diamond sales will not take place in Africa, rather they will move upstream to achieve better pricing for our company. We are establishing relationships in Dubai and other favorable places where diamonds are polished and cut. Just before management returned from Africa before the Holidays, the largest diamond ever found in Sierra Leone was recovered less than 1 km. of our new operations area in the Sewa River in the Kono district, Sierra Leone. This diamond weighed 126 carats.

Recovered gold will also leave Africa for a refinery, most probably in Toronto, Canada or Dubai. The final site will be determined by both ease of shipment and future tax consequences. Actual revenues received will be reported in our quarterly and annual reports to be filed with the SEC.

It is Sunergy's policy to not address rumors or unofficial disclosures in Company communications. The Company is committed to transparency and will actively investigate any and all matters that warrant investigation and when we have official matters to disclose we will promptly do so.

Please visit the Sunergy website www.sunergygold.com and review further information such as Company Reports under Projects, Previous Press Releases and SEC filing information under Investor Info. Our Facebook and Twitter sites are quite active, so please visit our website to access those links.

About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We have changed our operating model to focus our owned equipment exclusively on cash flow producing opportunities. We intend to maintain our substantial exploration licenses and conduct operations from excess cash flow from our new operations. Our plans for the pilot plant for Rare Earth development and separation has been put on short term hold subject to adequate financing for that purpose or sufficient excess cash flow to start that process. We are always open to Joint Venture participation on all our projects. We are production and acquisitions oriented and are considering several additional projects suitable for near term production.

Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, cash flow developments or exploration of any of our exploration licensed concessions.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT:

President:
Garrett Hale
707.255.5836
[email protected]

Investor Relations:
Steve Parent
480.326.5435
[email protected]

Sunergy, Inc
14362 N. Frank Lloyd Wright Blvd Suite 1000
Scottsdale, AZ 85260
Tel: 480.477.5810


More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...