Sewa River in the Bo and Kenema Districts to Begin Gold Mining Operation
25th January 2012 · 1 Comment
The Stratton Holdings, Inc., a holding company, has announced details regarding its recently signed Joint Venture for a Gold Mining Operation on the Sewa River in the Bo District and Kenema District of Sierra Leone West Africa, with revenues projected in excess of $16m. The Joint Venture is between Sierra Gold Corporation, Inc. and STHG’s partner, Accurate Resource Development Corporation. The first in a series of such ventures, the companies will work together utilizing alluvial mining operations to harvest resource-rich river concessions beginning with a 5-acre plot.
According to its CEO, Cedric Atkinson, “Aside from the fact that we have proven assay reports from two separate laboratories verifying 18-22 grams of gold per ton, this particular concession is also known as one of the world’s top alluvial diamond rivers.”
As a majority partner in the JV, Accurate Resource Development will deploy a 50-ton per hour mobile placer plant and fully operational support equipment to Sierra Leone starting 2012 with refinement of recovered ore conducted in the U.S. thereafter.
It is reported that this venture will in no small way create massive employment for Sierra Leoneans.
© 2012, Christian Foday Sesay Jr. EIC. All rights reserved. Discuss this article on the Salone Forum Salone Forum
By Christian Foday Sesay Jr. EIC
Once again. Big western company comes in and benefits but our people still continue to suffer. Who the #$%^ is making these deals.