SGCP.PK Gold

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Sierra Gold Corporation Assay Results Consistently Show 300 Percent Greater Gold Grades Than Geologist's Earlier Report
Monday June 11, 7:00 am ET


TORONTO, June 11, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) (Frankfurt:JYB.F - News) has just received results from its April 2007 bulk-sampling program. Sample concentrates taken from the Pampana River showed assay results of 32g/ton of gold. Assay results from samples taken from the Pampana North property over the last year have given gold grade values approximately 300% higher than those reported by Geologist, Alieu Madhi. The report stated the estimated value of the gold reserves is over US$600 million based on US$659.10 /ounce (May 31 second London Fix price).
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The company will continue its comprehensive bulk-sampling program to corroborate Madhi's report. The estimated gold values do not include the gold hard rock potential for the property nor the potential for precious metals and diamonds, which the company is presently investigating.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa, which is one of the fastest growing gold-producing regions in the world. The company will continue to conduct extensive research and development of high quality mineral exploration projects.

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June 18, 2007 - 8:30 AM EDT           
 
Market Pulse Breaking News Alert for Monday, June 18, 2007: SGCP - Sierra Gold Corporation Receives Positive Gold Assay Results From Hard Rock Formation!
Market Pulse News Alert for this AM, Stocks to Watch are: Sierra Gold Corporation (PINKSHEETS: SGCP),

Investors need to be watching Sierra Gold Corporation (PINKSHEETS: SGCP) this AM! Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. Sierra Gold Corporation owns the mining rights of Northern Star Resources Ltd, a Sierra Leone incorporated gold and diamond mining company. The rights include a secured 40 sq/km prime mining concession located on the North Pampana River which is one of Sierra Leone's richest known alluvial gold mining rivers. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Gold recently announced that gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. The company needs to do more extensive testing to determine the potential value of the diamonds. The value of the gold reserves is estimated at $586,404,000 and does not include any diamond potential. Sierra Gold's short and long term cash flow is positive. The company plans to aggressively expand its mining profile with high quality explorations projects. Sierra Gold's aim is to acquire and develop gold and other precious and base mineral properties to increase shareholder value. SGCP is poised to become a significant player in the mining industry! SGCP has had several excellent news announcements out lately and one again after Friday's bell announcing it receives positive gold assay results from hard rock formation! Investors should be watching this one closely!

Sierra Gold Corporation (PINKSHEETS: SGCP) has just received gold assay results from its April 2007 chip samples tested by SGS Laboratories in Toronto, Canada. Samples were taken from the hard rock portion of the property. Assay results for gold were approximately .5 oz/ton (15 grams/ton).

Sierra Gold's geological team will continue to investigate and further explore the hard rock formation. The team will plan a program to more clearly define and develop the property, which will include a drill program in conjunction with trenching.

The greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest gold producing areas worldwide. Sierra Leone's neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The company will continue to conduct extensive research and development of high quality mineral exploration projects.

[Draak]

June 18, 2007 - 7:31 AM EDT           


New Research Update Issued on Sierra Gold Corp by Beacon Equity Research
A new research update has been issued on Sierra Gold Corp. (OTC: SGCP) by Beacon Equity Research Analyst, Lisa Springer, CFA.

The full report is available at http://www.beaconequityresearch.com.

Anyone interested in receiving alerts regarding Sierra Gold Corp. research should email [email protected] with "SGCP" in the subject line.

In the report, the analyst writes, "Sierra Gold is an emerging player in the gold and diamond mining industry. Sierra Gold owns the mining rights of Northern Star Resources Limited, which has mining properties covering 40 square kilometers in one of Sierra Leone's richest alluvial gold mining fields. Extensive assaying conducted by the Company suggests the presence approximately 936,000 ounces of high grade gold. At gold prices of $659 per ounce, this suggests the value of gold reserves exceeds $616 million."

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Volume Alert$ Like to see SGCP around $0.50 with recent news DD.