09.02.2004
Trading Symbol - CNQ: SAGE
TORONTO, Sept. 2 /CNW/ - Sahelian Goldfields Inc. (Sahelian) is pleased to report that it is in the advanced stages of executing an option to earn up to a 70% interest in two exploration properties in the south end of the Carlin Trend in Elko County, Nevada. Over the past 6 months, the Company has reviewed over 30 different projects primarily in North and South America. More recently, the Company has focused on Nevada. The Company's intent is to acquire interests in several exploration projects primarily in the Carlin and Midas Districts which host several world-class gold deposits.
The Company expects to execute a definite agreement in the near future on the first two properties and is actively negotiating to acquire interests in other properties in the area. Sahelian plans to build a mining company through the exploration and development of its existing properties and acquisition of additional gold and silver properties in the Americas. The Company has eight exploration properties in Ontario and Quebec, including the Kerrs property on which it is currently carrying out a geochemical survey with the objective of identifying drill targets.
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This release was prepared by management of the Company who takes full responsibility for its contents. The Canadian Trading and Quotation System Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially.
Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.
For further information: SAHELIAN GOLDFIELDS INC., 1 Richmond Street West, Suite 701, Toronto, Ontario, M5H 3W4, Tel: (416) 204-3170, Fax: (416) 260-2243/ (SAGE.) CO: Sahelian Goldfields Inc. CNW 18:10e 02-SEP-04