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We have recently concluded the acquisition of 100% of Allied Mining and Supply, LLC (“Allied”) which owns a 140 sq.km. mining concession on Sierra Leone’s Pampana river, Sierra Leone, licensed in 2009. Allied is engaged in the exploration and development of prime alluvial gold, rare earths and diamond properties and it has business and export licenses for Sierra Leone. It is exploring, dredging and bulk sampling in a number of areas within its concession territory.
Sunergy's Sierra Leone
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Sunergy Chairman, P.K. Medhi says: “It is exciting to have the opportunity to expand our West African mining operations into Sierra Leone on an advanced property with management and a quality operations team already in place. Their vision is similar to ours, which is to grow by acquisition, and we welcome the Allied team to the Sunergy Family. Having spent time with Allied’s principals, integration into Sunergy’s overall operations plan will be relatively easy and be accretive to shareholder value. We are targeting additional rapid growth in Ghana and Sierra Leone as well as other African near term gold production opportunities.”
- AMS License Letter (PDF)
- AMS Concession Report September 2010 (PDF)
- Executive Briefing (PDF)
- Sunergy, Inc Powerpoint Presentation (PDF)
- Technical Report (PDF)
Current Documents:
Sierra Leone
500,000 oz gold identified by testing in 28% of property, much more indicated plus substantial Rare Earth Elements (REE’s) may equal or exceed gold values
Sunergy, Inc recently acquired 100% of Allied Mining and Supply, LLC. Allied’s property is in the heart of one of Sierra Leone’s richest alluvial gold mining fields, South of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of the capital, Freetown. With gold over $1,200 per ounce, high tonnage alluvial mining is extremely attractive. Assay results from a recent sampling program (completed spring 2010) reveal widespread and commercially minable alluvial deposits of Rare Earth and transition metals in addition to gold values.
Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the prospect that states the property “... is a property of merit and should receive continued exploration efforts” and that “the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)”.
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths. The heavy sands containing the REE’s are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg./tonne rich black sands (REE’s) easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate aluvial mining. Inspection of artisanal mining and prospecting sites within the license area show REE rich black sands throughout the claims.
Canadian mining equipment manufacturer RMS Ross is in the process of designing recovery and separation circuits based on analysis and specific composition of heavy sands(REE’s). Terry Plummer, RMS Ross President says: “The black sands (REE’s) are quite probably worth as much or more as the free gold, especially since an average of 17g/ton of gold is still contained in the black sands(REE’s) concentrate after the free gold has been recovered”.
Mr Wilfred Ullrich, Allied’s Operations Manager in Sierra Leone, regarding the recent (June 2010) Allied Au/Black Sands (REE’s) sampling program, says: "The Allied concession incorporates approximately 38 river km. The black sand (REE’s) deposit in the river, starts from the center of the river and extends approximately 1km east and west. The area, designated as the "strip", has an average of 3.5 kilos of black sand(REE’s)per square meter, extending to the bedrock. Overburden ranges from 0 to 7 meters. In addition to the known mineralized material that is within the 200 meter wide strip of river, there is an additional kilometer on each side of the strip which is also very rich in black sand. We have samples from all over the concession and have the analysis from the concession northeast of us."
Testing and existing data indicate gold concentrations ranging from 1 to 18 grams per tonne of material. Fire assays conducted in Freetown by the Company show the gold purity at 89%. Assays of black sand concentrates in 2009 and 2010, showed quantities of rare earth metals and other valuable minerals in commercially exploitable grades. Recent assays by ALS Chemex in Sparks, Nevada identified several of these rare earths contained in the black sands with gold as follows: Lanthanum, Scandium, Thallium, Cerium, Dysprosium, Hafnium, Lutetium, Niobium, Neodymium, Praesodymium, Tantalum and Zircon. Further discussion on the value added to gold recovery will be forthcoming.
“A supply crisis is looming for rare earths. To put it simply; China’s industrialization is demanding increased tonnages of the rare earths at a growth rate of 15% a year. It is calculated that in 2008 China utilized, domestically, 80,000 metric tons of its estimated production, for 2008, of 132,000 metric tons of rare earths. This is 60% of the world’s supply. At a growth for demand of 15% per annum China’s domestic demand is calculated to exceed its production of the rare earths by the end of 2013 in which year China’s production and domestic demand will reach just over 150,000 metric tons per annum.” (Thorium Energy Inc.: An economic overview of a pioneering company, Published 3/31/2009; Jack Lifton )
Reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. AMS was granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometres.
Ghana
More than 1.45 million ounces of gold historically recovered in Offin River
Sunergy owns a 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 sq.km. Nyinahin mining concession is located in the Kumasi Basin between two identified geological gold belts, the Sefwi-Bibiani Belt to the west and the Asankrangwa Belt 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 Anglo Gold-Ashanti’s Ashanti Obuasi Mines and is one of the most active gold exploration areas in the world.
A preliminary survey by Geodita Resources LTD, Ghana, indicates that the Nyinahin Concession has significant potential both for lode gold mineralization and for recovery of alluvial gold. Three major anomalous zones have been identified: the Owusbukurom anomaly in the center, the 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 identified several abandoned surface mines that are yet to be investigated due to time and budget constraints of the previous owners.
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 and surface 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.
A recent report prepared by Robert A. Levich, CPG, EurGeol, Director states: “Downstream from Nyinahin, 1.45 million ozs of gold have been produced from the Offin River valley, more than from any other river system in Ghana. The Bonte-Jeni tributary system, which has produced more than 200,000 ozs of alluvial gold, and is the Offin's most productive tributary, enters the Offin River valley at the eastern edge of Sunergy’s Nyinahin concession. Below this confluence, the Offin River continues for ca. 10km through the southeastern area of Sunergy's Nyinahin concession. In summary, there is excellent potential for economic recovery of gold from the alluvial deposits in the Offin River Valley within Sunergy's Nyinahin concession,”
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 are found 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 2008. 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 2 year renewable full prospecting license which has been extended to February 23, 2011.
The Project
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.
- Alluvial Gold Mining Report. (PDF)
- Technical Report Mikite Gold Resources (PDF)
- Mikite Report December 2009 (PDF)