Western Sierra Signs MOU to Joint Venture Mining Properties in Arizona and Nevada
February 01 2011 - 9:18AM
Business Wire
Western Sierra Mining Corp. (OTC: WSRA) announced today
that it has signed a Memorandum of Understanding with Enviroxtract,
Inc. (OTC: EVXA) to joint venture the development of mining
properties in Arizona and Nevada.
Michael Chaffee, CEO and President of Western Sierra Mining
Corp., commented, "We are very pleased to be able to enter into
this MOU to joint-venture with Enviroxtract, Inc. the development
of several planned mining projects. Funds received from this
joint-venture agreement would be utilized to further develop both
hard rock and placer properties with the long range objectives
being to place specific mining properties into production. These
mines are both currently in the portfolio of Western and those that
are in the process of being acquired. We are in hopes of converting
the MOU to a contract within the next 60 days.”
About Western Sierra Mining Corp
Western Sierra Mining is an aggressive gold and silver
exploration and mining company focused on the historic mining
districts of the Bradshaw mountains of Arizona with additional
areas of interest within Nevada and Mexico. Current projects
include Gold Basin, Oro Cache, Eagle, Treasure Gulch and the Big
Chief mining group, all of which have demonstrated high-grade
mineralization with previous histories of production. Long-term
Company goals are to create maximum shareholder value by continuing
to build a strong base of properties and advance these projects
toward production.
Statement for Forward-Looking
Information
Certain information set forth herein contains “forward-looking
statements” within the meaning of the federal securities laws. The
word “estimates,” “expects,” “anticipates,” “forecast,” “plans,”
“intends,” “believes” and variations of such words or similar
expressions are intended to identify forward-looking
statements.
The Company’s expectations, beliefs and projections are
expressed in good faith and are believed by the Company to have a
reasonable basis but there can be no assurances that management’s
expectations, beliefs, and projections will be achieved or
accomplished.
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