SCOTTSDALE, AZ - January 31, 2014 - 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.
14362 N. Frank Lloyd Wright Blvd Suite 1000
Scottsdale, AZ 85260
SOURCE: Sunergy Inc.