Sunergy, Inc (the "Company") (OTCQB: SNEY)
Garrett Hale, CEO and President, states, "We are excited to release the first footage of deployment and operations from Liberia as shown in the new link provided by our website, www.sunergygold.com. A video presentation will come soon.
"We owe thanks to our entire team for the continued diligent efforts surrounding the exploration, permitting and ongoing testing that has taken place which has now allowed us to consolidate both dredges in one location which is producing sufficient evidence for continued operations throughout the rainy season in Liberia. Sunergy has awaited this day when we could be confident enough to report that we have discovered the appropriate amounts of gold and diamonds to substantiate that production and profit is within reach in the near future. The 'dredgemaster' and his team are committed to continue during the rough winter conditions as a reflection of his recent and positive assessment of the dredging and washing results.
"Our shareholders have been waiting patiently for an operations update, but we were not willing to release an update on operations until we had substantial results which would warrant an appropriate production/operation update. Just as in the link to the footage, the photos and excerpts are unedited and narrated in the words direct from the Crew. We want the public to know that we are a real company with real hard working and dedicated people within. I am truly impressed with the progress made to date in Liberia: the underlying challenges are not always apparent, but after being in country, I can attest to the complications and level of difficulty of what our team has accomplished. We are not willing to edit or fluff actual operations to give the public unsubstantiated expectations. I can also assure you that the 7 day a week efforts performed by the crew to test multiple sites, which have now been able to lead to the consolidation of both dredges in one area, will allow us to continue operating within an approximately 365 acre site without interruption for the entire year. This is a Milestone Event because it marks the first real time that Sunergy has had the opportunity to operate where sustainable cash flow is the result.
"As previously published, we have secured a wash plant that is in process of being transported and set up in Sierra Leone in a productive area, which will add significant production and revenue generating opportunities outside our own properties.
"This is truly the day I have been waiting for, because I came on board Sunergy to work with our staff to improve the operations team and start production opportunities. We want to thank all the shareholders who have continued to support our determined efforts to reach this first and significant goal."
Dredgemaster David Price says: "I am really happy to provide an accurate up close and personal view of where we are working, how we live and some idea of the conditions where we operate. We have additional housing back from the Lofa River, where we live in a more conventional manner when not dredging or washing gravels. I am working on a video which will show washing operations and results of a typical 6 hour shift of dredging, an example of which was shown in the slide show. We have previously discussed why it is not yet appropriate to discuss specific quantities, but this visual shows you that we are actually working and recovering gold and diamonds in Liberia.
An update on Sierra Leone operations will soon follow which will include updates on Kono wash plant and ground operations, Kenema dredging on Moa River for diamonds and gold and the recent 7 miles of Sewa River plan of operations for the balance of 2014.
Management representatives have visited London, Gambia and are now in Sierra Leone prior to going to Liberia.
Discussions re funding for our substantial Diamond and Gold purchasing program and a program to start a housing factory in Sierra Leone
SUNERGY, Inc., a Nevada corporation (OTCQB: SNEY), is a publicly listed and traded, production oriented, junior mining company headquartered in Scottsdale, Arizona, USA that is production-oriented at the earliest possible profitable opportunity and has an appetite to grow by profitable acquisition. As its core business, the Company has made a transition from an exploration only company to a company now focused on production and cash flow. We now have four dredges operating, 2 in Sierra Leone and 2 in Liberia. A 5th dredge sits between the two countries awaiting the most favorable deployment opportunity for fast cash flow. In addition to our core mining activities, the Company has used its considerable contacts earned over the past 4 years to develop non-mining partnerships and agency agreements with major international businesses representing Airport Security and Affordable Housing projects and Solar energy projects up to 250 megawatts, in the five West Africa Countries of Ghana, Sierra Leone, Liberia, The Gambia and Senegal.
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, development or exploration on mining concessions or cash flow from any mining operations.
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 Frank Lloyd Wright Blvd. Suite 1000
Scottsdale, AZ 85260
SOURCE: Sunergy Inc.