Accurate Resource Development Corporation Signs Joint Venture with Sierra Gold Corporation for Multi-Million Dollar Gold Mining Operation in Sierra Leone
January 25, 2012 at 10:00 am EST
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Stratton Holdings Inc. (STHG) 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 $16 million. 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. 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. In addition to frequent updates on the JV, Accurate Resource Development Corporation continues to progress with negotiations toward closing deals on attractive concessions in Northern California. Lastly, executives are thrilled to announce that Accurate Resource Development Corporation are in discussions for another concession in British Columbia, Canada. The concession has extensive drilling reports and approximately $1.2 million in drilling costs furnished to date.
Sustainable Green Team, Ltd. is a wholesale manufacturer and supplier of wood-based mulch, soil, and lumber products, selling directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores and drug stores, in addition to wholesalers and distributors. It also provides arbor care and storm recovery services at the residential, commercial, and municipal levels while offering green waste solutions to large- and small-scale waste disposal and recycling companies located throughout the southeastern United States. Its products include HumiSoil; bio-cleaning products, such as Meet Mikro Clean Pet, MIKRO CLEAN ULTRA, MIKRO CLEAN, and Mikro Clean Auto; R3VIVE ODOR and WASTE products; PROT3CT BIO-PRODUCTS; XLR8 Bio Liquid Bio-Organic fertilizer, and MULCH. HumiSoil is an organic product that jumpstarts the natural process of humus formation in the soil. It also owns Regen Hubs, focused on improving soil health and reducing chemical usage.
Accurate Resource Development Corporation Signs Joint Venture with Sierra Gold Corporation for Multi-Million Dollar Gold Mining Operation in Sierra Leone