Western Sierra Signs Mining Agreement to Operate the Gold Basin Placer Mineadmin
Western Sierra Mining Corp. announced that the Company has signed a lease option agreement with Arizona-based Pine Creek Mining Corp to operate the Gold Basin Placer mine, located near Wilhoit, Arizona. The agreement also provides Western with the option to purchase the mine, which has proven gold reserves exceeding 150,000 oz. gold with estimated and possible of an additional 300,000 oz. Au.
Western Sierra has worked closely with Pine Creek Mining over the last several months to upgrade the mine infrastructure and prepare the mine site for initial operations.
Michael Chaffee, CEO and president of Western Sierra Mining, commented, “We should complete the current mine site upgrade plan over the next 2-3 weeks and will commence immediate production.”
Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Current projects include the SunGold, Oro Cache, and the Big Chief mining group, all of which have demonstrated high-grade mineralization with previous histories of production. Long-term Company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production.