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Thursday, October 21, 2021

Western Sierra Resource Corp (OTCMKTS: WSRC) Powerful Comeback as Silver State Mining Group Consummated & Negotiations Underway to Acquire 25,000-acre FCHPA Helium Project

Western Sierra Resource Corp (OTCMKTS: WSRC) is marching northbound with power since a brief dip below the $0.10-mark last week. The stock is currently under heavy accumulation with many new investors jumping on board every day. WSRC is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. WSRC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.492 highs and its blue skies ahead for WSRC. 

It’s easy to get excited about WSRC as the Company makes one big move after another; the Company recently consummated an agreement to acquire 70% of Silver State Mining Group, Inc. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. WSRC also just announced it has entered into substantive negotiations with a third-party exploration company to develop the 25,000-acre FCHPA Helium Project in the Four Corners Area. 

Western Sierra Resource (@WSRCorp) | TwitterWestern Sierra Resource Corp (OTCMKTS: WSRC) operating out of steamboat springs, Colorado historically was a gold and silver mining company which continues to own several historical precious metal reserves in Arizona.  In 2014 the Company broadened its vision to include natural (and renewable) resources with its acquisition of water rights and associated infrastructure assets in Colorado for purposes of irrigating and cultivating industrial hemp; processing hemp for manufacture of various building products; and construction of affordable homes utilizing hemp-based materials—among other beneficial uses. Commercial, Industrial, and Agricultural land for these purposes has been recently acquired (closed as of 06.15.21) at a price of $1,400,000, with additional agricultural and residential land also now under a $250,000 non-refundable earnest money purchase contract. WSRC’s intent is to become a broad-based resource company with high value and high-income generating assets including water rights and precious metals and related technologies.  

Late last year the Company executed an Exclusive Strategic Partnership Agreement with Global Hemp Group, Inc. of Vancouver, BC (CSE: GHG/OTC: GBHPF/Frankfurt: GHG) to create a sustainable economic zone in Northwestern Colorado. The Partnership has designed a vertically integrated system beginning with industrial hemp irrigation and cultivation; preliminary processing; manufacture of hemp-based (“green”) construction products; and fabrication of affordable homes utilizing those products all from a central campus and adjacent to the hemp farm and known as a Hemp Agro-Industrial Zone (HAIZ). In May the Company reported in conjunction with its partner Global Hemp Group Inc. it has entered into a second strategic property acquisition that will be utilized in the development of its Colorado Hemp Agro-Industrial Zone (HAIZ) in Northwest Colorado. The fully executed contract for the purchase of approximately 175 net acres of annexed and entitled land will serve as the catalyst for the Company’s initial Planned Unit Development (PUD) of “green” and “affordable” homes, as well as irrigated industrial hemp cultivation. 

WSRC recently consummated an agreement with Silver State Mining Group, Inc. (SSMG) to acquire 70% of SSMG’s common stock in exchange for $10 million which will be used to immediately initiate development of the Sage Hen Mining Claims in Western Nevada. WSRC management’s level of confidence in this project is such that the $10 million cost of the 100 ton/day plant will be invested directly by WSRC’s officers and directors to prevent dilution of shareholder equity in the Company.  

The Sage Hen Claims encompass 640 acres within the Oreana Trend, a consistent ancient seabed that extends to depths of 1000 feet in an active mining area known to contain significant precious metals and offer a unique low risk development opportunity. Many mining groups, including Newmont, Rye Patch, Pershing, Victoria, and others have cored, mined, and expended significant resources and effort in the area. Principals of the Sage Hen Mining claims, Andy Kay and Lonnie Treadwell, have maintained active mining claims for over 20 years based upon hundreds of assays over 20,000 acres of the trend. The Sage Hen claims are located near the Relief Canyon Mine in the Oreana Tend. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium, and rhodium. 

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The Sage Hen claims will be placer mines. Placer mining means that the target source material is mined directly from the surface. Based on geology and previous testing, that material is likely to be consistent to a depth of at least 1000 feet. The SSMG mining team, is headed by its President/CEO Clifton Turley, who has 15 years’ experience with the Sage Hen project.  

WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. 

In keeping with the Company’s broad based natural resource development plan, which includes the implementation and beneficial use of the Company’s $40+ million in water assets for industrial hemp and affordable housing project now underway with GHG; and the Sage Hen Gold Reserve acquisition by way of its majority (70%) common stock ownership interest in Silver State Mining Group (SSMG) finalized and announced last week, WSRC is pleased to announce that it has entered into substantive negotiations with a third party exploration company to develop the 25,000 acre FCHPA Helium Project in the Four Corners Area. 

Based on information gathered from existing wells and utilizing proprietary methodologies for interpretation of 2D and 3D seismic data, it is anticipated that Helium-rich gas is present and recoverable to varying degrees within the property’s underlying five geological formations (strata). It is ultimately hoped that a Helium content of between 1% and 5% may be recoverable if the project is successful.  

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WSRC is marching northbound with power since a brief dip below the $0.10-mark last week. The stock is currently under heavy accumulation with many new investors jumping on board every day. WSRC is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. WSRC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.492 highs and its blue skies ahead for WSRC.  It’s easy to get excited about WSRC as the Company makes one big move after another; the Company recently consummated an agreement to acquire 70% of Silver State Mining Group, Inc. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. WSRC also just announced it has entered into substantive negotiations with a third-party exploration company to develop the 25,000-acre FCHPA Helium Project in the Four Corners Area. We will be updating on WSRC on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with WSRC.

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Disclosure: we hold no position in WSRC either long or short and we have not been compensated for this article.

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