PRESCOTT, Ariz., Feb. 10, 2011 (GLOBE NEWSWIRE) -- Western Sierra Mining Corp., (Pink Sheets:WSRA) confirmed today that it had reached an agreement with Pine Creek Mining to return the Gold Basin placer mine to production.
Michael Chaffee, CEO and President of Western Sierra Mining Corp., commented, "We have worked with Pine Creek on the Gold Basin mine for several years are now taking the next natural step. We have started work on a NI 43-101 for the property and intend to operate the existing plant for a short period while the larger plant and operation is constructed. We will recondition the holding ponds, upgrade the equipment and generally improve the overall operation. We will apply to expand the current permits and hopefully move the entire operation down stream early in 2012. Under the current agreement the mine will remain for sale while the new work is on going."
About Western Sierra Mining Corp. and the Gold Basin Mine
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. The Gold Basin mine is fully permitted and bonded. The project consists of four placer claims comprising some 332 acres all with good geology and historical small scale mining.
Statement Concerning 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.
CONTACT: Mr. Dennis Atkins 405-330-8395 Mr. Michael Chaffee 928-680-5513