
SUNERGY, Inc.
Managements Plan With Budgets To
Achieve Near Term Gold Production
Nyinahin Mining Concession near
Bibiani, Ghana, West Africa
The Company
SUNERGY, Inc.(OTCBB: SNEY) is a fully reporting, publicly
listed and traded, production oriented junior mining company
engaged in the evaluation, acquisition, exploration, planned
operation and advancement of gold/silver/diamond development
The Project
Nyinahin Mining Concession
Effective
October 31, 2008, Sunergy completed the
acquisition of 100% interest in Mikite
Gold Resources ("Mikite"), a
Ghanaian corporation with exclusive exploration
rights to the Nyinahin Mining Concession
near Bibiani, Ghana. The Mineral rights
are for gold, diamonds and base metals.
The 150 square kilometer Nyinahin mining concession is located
between two geological gold belts, the Bibiani Belt to the
west and the Asankrangwa to the east. The property shares
borders with several major mining companies, including Newmont
Mining, Napoli Gold and Dunkwa Continental Goldfields. The
district is home to the famous Ashanti Goldfields-Obuasi
Mines and is one of the most active exploratory areas in
the world.
A preliminary survey by Geodita Resources LTD, Ghana, indicates
that the Nyinahin Concession has significant potential for
lode gold mineralization and for recovery of alluvial gold.
There are 3 major anomalous zones: Owusbukurom anomaly in
the center Ntoboroso anomaly in the southeast and the Krakyekurom
anomaly in the southwest. There are 4 known mineralized trends:
Baaneekurom-Nyinahin, Ntoboroso, Owusukurom-Adupiri and Krakyekurom-Adupiri.
The reconnaissance has also shown several abandoned surface
mines that are yet to be investigated due to time and budget
constraints of the current owners.
Location and Access
About 80% of the Nyinahin Concession lies to the west of
the Offin River within the Ashanti Region of Ghana The property
is accessed via the main Kumasi-Bibiani trunk road and is
located 48km southwest of Kumsasi and 20km northwest of Bibiani.
Adequate ground water appears to be available for diversion
for future mining operations. Electrical power is sup[plied
by the National Grid and Infrastructure facilities are available
within the concession from notable towns which include Nyinahin,
Akorabuokurom, Baaneekurom, Nagore and Ntoboroso.
Evidence of past exploration and mining activities exist
in the form of pits and adits. There is a strong clustering
of artisan pits located along the Offin River. Three old
gold prospects exist on the concession. The first is located
about 2.0 km SE of the village of Akorabuokurom and 3km from
the village of Otaakurom, the second 1.8km SW of to the east
of the concession, whilst the third is located along the
south eastern boundary near the village of Owuokurom. Fragments
of phyllite, greywacke and quartz are noted in the spoils
of these pits.
A systematic exploration program was initiated in July 2005.
The work consisted of active stream sediment sampling and
geological mapping. Application to the Minerals Commission
in Ghana upgraded this 150 sq. km. Nyhinahin mineral concession
from a reconnaissance license to a full prospecting license.
Why Ghana
We believe the country is an attractive location due to its
stability and it history (Former British Colony independent
since 1957. There are favourable mining laws and recently
numerous major gold producers have begun defining what we
believe will become one of the world’s most prolific gold
belts.
The Opportunity
SNEY will begin a gold purchasing program from the artisan’s
already working on the concessions; coupled with an oxide
mineralization exploration and development plan designed
to result in oxide gold recovery through gravity/wash plant
operations on concession areas. The Artisans typically recover
about 30% of the available gold using crude methods by hand.
Modern mechanized methods are able to recover an additional
60% at the rate of 200 tons/hour. There is good harmony in
working with the locals, rather than putting them out of
work.
The purchasing program from the locals will be immediately
profitable with profits initially being contributed to the
development of alluvial production equipment and operations..
SNEY will purchase gravity/wash plant(s) and a field smelting
facility to further recovery after the Artisan hand operations
recover the initial gold. Once profitable, SNEY will reserve
60% of the gold recovered .to guarantee anticipated future
Gold Debenture financing for growth through acquisition of
profitable targeted gold recovery operations.
Additional Oxide Gold production opportunities are available
in other concessions through acquisition or Joint Venture.
Timing
Within 45 days of funding, SNEY will start it’s Gold Buying
Program. Within 90 days of funding, SNEY will begin mechanized
gold recovery operations on the already previously worked
Artisan pits along the Offin river. The operation is profitable
from day one because the initial gold is bought at a subatantial
discount and the cash cost of mechanized gold recovery will
be less than $300/ ounce.
Business Strategy / Budgets / Use of Funds
The following activities with budgeted costs are recommended
to move the Nyinahin Mining Concession toward production.
Gold Purchasing Program and Gravity/Wash Plant Production
The proposed program is budgeted as follows:
To
Be Raised Funds – |
|
Gold Purchasing Program |
$ 150,000 |
Wash Plant Purchase |
250,000 |
Operating and Permitting Costs to Operate the Wash Plant |
50,000 |
Administrative and Overhead Costs |
50,000 |
Total To Be Raised |
$ 500,000 |
Financial Summary
Sunergy has several former producing mines and numerous Artisan
pits along the Offin River which will be worked for the
60+% of the gold left behind by the Artisans. With the
initial purchase of a gravity/wash plant we will begin
in Quarter 2 of 2009 at an initial rate of 2,000 – 3,000
ounces per month stabilizing @ 3,000/ month over quarter
3 and 4 for the first year. Once stabilized, the Company
will add 1 gravity/wash plant during Quarter 1 and 2 in
each of the next two years increasing production by 36,000
ounces per year for each plant. The Company anticipates
growing annual production to over 100,000 oz/year which
results in projected earnings of $30,000,000 - $40,000,000per
year.

Summary of Investment Opportunity Operations
Given the successful transition to a precious metals producer,
the additional significant upside anticipated by management
will be achieved by successfully utilizing the profits generated
by the concessions to build shareholder value through becoming
a mid-tier producer; entering a niche in the industry recently
vacated by other companies through merger or acquisition
by larger companies which brought enormous gains to their
shareholders. This growth occurs through expanding reserves
and resources in properties where the company’s operational
and developmental expertise is used to build shareholder
and operational value. Historically, it is not uncommon for
mid tier precious metal producers to be trading at 40 to
100 times earnings.
Spot Price of Gold and Silver
Gold and Silver have been in a seven year bull market taking
gold and silver prices to all time high’s in recent times.
Management believes that macro economic conditions domestically
and internationally are likely to keep prices at current
levels and very likely take them to after inflation highs
or higher for gold and silver. Gold’s after inflation equivalent
to its 1981 high is over $2,000 per ounce. Continued rising
spot prices increased return opportunities at every level
along the way.
Contact: Steve Parent, Advisory Board Member
@ 775.721.6428 steve@gnmtlive.com or
Karl Baum President @ +1.949.244.1378
karl@sunergygold.com
SUNERGY INC
14362 N. Frank Lloyd Wright Blvd.
Scottsdale, AZ 85260
Phone: 480.477.5810
Artisan Miners recovering gold using primitive hand methods. Usual rate of recovery about 30% (approximately 15 ounces per day), which leaves 60+% for wash plant recovery operations.
