SCOTTSDALE, AZ--(Marketwire - 09/01/09) - Sunergy, Inc (the
"Company") (OTC.BB:SNEY
-
News) is pleased to announce that Robert A. Levich, retired
Professional Geologist for 31 years with US Department of Energy
(DOE) ultimately heading up the Yucca Mountain Project for
nuclear waste disposal in Nevada, has joined the Sunergy
Advisory Board and has agreed to accept the position with the
Company as Chief of Operations in Ghana, West Africa. During his
years with DOE, he managed technical projects in New Zealand,
Brazil, Australia, Mexico, Canada, Sweden and Switzerland and
bilateral agreements with Finland, France, Spain, Japan and the
UK. He and his family maintain a residence in Las Vegas, NV and
they built a home in Ghana where he now works and spends time
with his family.
Levich conducted geologic mapping in advance of gold
exploration in western Ghana, and systematic alluvial diamond
prospecting in eastern Ghana for the Ghana Geologic Survey. He
has worked closely with the Minerals Commission in Ghana and
will be a valuable asset to our Company heading up our
operations there.
Levich has also carried out exploration programs for precious
metals and uranium in Montana, Washington and Colorado for
Apache Energy & Minerals Company. He evaluated uranium resources
in Uganda and Somalia and reviewed China's program for siting a
deep geologic repository in the Gobi Desert for the
International Atomic Energy Agency (IAEA).
He is the author or editor of 45 publications and organizer
or chair of 25 symposia and workshops. He is a Certified
Professional Geologist (CPG) by American Institute of
Professional Geologists (AIPG); certified as European Geologist
(EurGeol) by European Federation of Geologists; Fellow of the
Geological Society of America; Fellow of the Society of Economic
Geologists. He is listed in Who's Who in America and Who's Who
in Science and Engineering and is a former president of AIPG,
Nevada Section and has been the recipient of more than 20 DOE
Monitory Awards and Commendations.
Mr. Levich comments; "I am quite excited to join the Advisory
Board of Sunergy who I believe have a great vision for rapid
development in Ghana and West Africa. I am also committed to
work hard as Chief of Operations and will work closely with Karl
Baum to commence permitting for our 150 sq. km. Nyinahin mining
concession on my return to Ghana in a few weeks. I am also
authorized to discover and evaluate potential acquisitions or
Joint Venture opportunities, which I believe are significant and
important for the rapid growth of our Company."
Chairman P.K. Medhi said; "I have known of Mr. Levich through
the professional associations we were both involved in for many
years. I am happy to have this opportunity to work directly with
Bob on building our Company. It is very beneficial to us to have
him join our enterprise since he has impeccable credentials and
seasoned experience and lives in Ghana for a substantial part of
the year. His ability and enthusiasm for a 'hands on' approach
to operations will assist us greatly in establishing confidence
in our operations and opportunities."
Our initial focus is on the planning and preparation for
operations on our 150 sq. km. Nyinahin mining concession,
located in Ghana, West Africa. During Q4 2009 we plan to test
and evaluate the alluvial gold recovery potential along the Ofin
River which runs through the eastern portion of the concession
for about 45 km. We plan to do this by bulk sampling the
numerous existing artisan pits along the river on our
concession. Our planned budget is around $300,000.00 US which
could recover an estimated 1,000 oz./gold generating around
$900,000.00 of revenue from the program. Our plan involves
either leasing a suitable gold recovery plant or joint venturing
with another operator with suitable equipment.
The Ofin River is an easterly-flowing waterway in Ghana. It
flows through the Tano Ofin Reserve in Ghana's Atwima District.
The Ofin riverbed is 90 meters above mean sea level. The Ofin
and the Pra rivers form the boundary between Ghana's Asahanti
and central regions. Dunkwa-on-Ofin is a major town on the
river. Gold is mined from the river's sediment. The Ofin
tributaries also offer good gold and diamond recovery
historically.
About Sunergy: The Company is an aggressive junior mining
exploration and development Company that is production oriented
at the earliest possible profitable opportunity. We control 100%
of the 150 SQ. Km. Nyinahin mining concession with a full
prospecting license. The concession is surrounded by several
operating mines and is adjacent to Newmont Mining's property.
This concession has the Ofin river flowing through our eastern
portion and there are numerous artisan pits ready for testing
and evaluation for near term production. The Ofin river is known
for good alluvial gold production. Artisans usually recover
about 30% of the available gold through primitive hand methods,
leaving 60-70% to be recovered by modern mechanical operations.
Further information is available on the Company's website
www.sunergygold.com
Notice 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 of the Nyinahin
Mining Concession and Sunergy's ability to raise adequate funds
on acceptable terms to develop its projects.
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.
