Western Sierra Resource Corp (OTCMKTS: WSRC) Joins Talks to Obtain Mainstream Share in a Gold Mining Operation

Western Sierra Resource Corp (OTCMKTS: WSRC) has stated that it has got into dialogues with Silver State Mining Group, Inc. to purchase 70% of its common stock. SSMG possesses 49% of the Sage Hen Mining rights in Nevada, tallying 640 acres. The Sage Hen rights are situated neighboring to the Relief Canyon Mine in the Oreana Tend. The improved retrieval scheme assesses shown platinum, palladium, and rhodium in toting gold and silver. WSRC and SSMG plot on constructing a 100 ton/day strategy and then proximately snowballing that to 1,100 tons/day. Estimated yearly net revenue from the 100 ton/day and 1,100 ton/day process is $269 million and $3.2 billion.

The company declared its acquisition of crucial profitable/business real estate assets to begin the Colorado Hemp Agro-Industrial Zone, beginning of its Maintainable, Reformative, and Renewable City Hallucination in Northwest Colorado. This 44+ acre multi-use possessions will be the location of the HAIZ industrial service which will initially be absorbed on hemp-based structure constituents exploited for the advance of the early Planned Unit Development of “green” and “affordable” homes in the area. It forms a portion of its “Master Plan” to entice and stage Industrial Hemp and connected green/carbon neutral-negative construction know-hows to the Domain.

With the agreement’s ratification to acquire this property, the company proposes to finish this deal on or before June 15, 2021. Concluding standings of this deal will be circulated at the conclusion. Attainment of this property will overlay the way for the company to conclude a hemp refinement authorization for the present sprouting spell. Roughly 30 acres of the property are arranged for the preliminary hemp farming examination and presentation site this year. The essential hemp kernel has been obtained, and the company forestalls a growing pilot of up to five different strains on the land. This process will recognize the best accomplishing hemp strain for the exact weather and earth harmony to ensure product excellence and documentation for structure resources necessities.

Related Posts

About The Author