American Sierra Gold Corp. is an American Gold Company focused on the exploration and production of gold properties in North America.  They are headquartered in Reno, Nevada in the heart of America's gold country.

 

Robert McEwen, CEO US Gold Corporation, is on record saying...
"Gold prices may reach $2,000 an ounce by 2010 on demand for an alternative to currencies. You have much more money than there is gold, and as people see their currencies falling relative to gold; they're going to be saying 'Maybe I should have some of this.'"

Citibank analysts John Hill and Gramham Wark also see the price of gold exploding.  They are on record saying... 
"Frankly, we're surprised, that gold is not already at $2,000 an ounce. Gold will benefit from both the "gloom & doom" and "muddle-through & monetization" scenarios, possibly regaining $1,000 per ounce at year-end [already over $1,000] and even doubling or tripling in the long term"

Additional confirmation comes from Adam Hamilton of Zeal Intelligence.  He reports... 
"If our current gold rally truly unfolds into a Great Gold Rally, $1,000 gold is merely the first stage. A gold bubble, which will probably ultimately happen as a way to climax the coming gold mania, maybe five to seven years out, could easily launch gold above $5,000 per ounce. The actual top of a new gold bubble at the final pinnacle of another Great Gold Rally could touch $6,000+ per ounce!"

 

Management Team

Our core management and technical team comprise proven industry professionals and entrepreneurs, with extensive experience in all aspects of exploration, operations, and venture capital markets.

Wayne Gruden
President, CEO and Director
Mr. Gruden comes to American Sierra Gold from Syncrude Canada, where he expanded investment in property developments in North America and added large stakes in real estate holdings throughout North America. Mr. Gruden has more than 25 years experience managing strategic investments.

Ian Foreman
Chief Geologist
Mr. Foreman's experience covers exploration and production of both base and precious metals in North and South America. Before joining American Sierra Gold, he directed a series of large, multi-million dollar exploration programs in British Columbia, Yukon and Mexico.
From 1998 through 2002 he worked on various projects exclusively in Peru. As Chief Geologist, he was a key figure in putting the 1,000 tonne-per-day Santa Rosa open pit gold-silver mine into production. Mr. Foreman graduated with honors from Queen's University (Canada).

Urique Project

Size	28,880 hectares
Location	Chihuahua State
Targets	Au, Ag
Terms	Option to acquire 100% interest

The Urique Project consists of 11 concessions covering 28,880 hectares and is located in the prolific Sierra Madre gold belt of northern Mexico, which has a well known history of gold and silver discovery and production. American Sierra has optioned 90% interest in the Urique Project.

 

Regional and Property Description

The Urique Project covers or surrounds ten mineralized areas with past mining activity. Each of these areas is related to large mineralized hydrothermal systems that have the potential to host bulk mineable resources.
Numerous +1,000,000 ounce gold deposits have been discovered in this 300 km long region of southwestern Chihuahua: including Mulatos, Dolores, Ocampo, as well as the El Sauzal mine. The Urique Project is located approximately 10 km north of the El Sauzal mine and extends 40 kilometers to the north.

The El Sauzal mine is owned and operated by NYSE listed gold producing major - Goldcorp Inc (NYSE: GG). The mine is a conventional open pit, oxide milling operation which achieved commercial production in December 2004. To the end of 2008, the mine had produced 1,072,000 ounces of gold and Goldcorp has reported proven and probable reserves of 470,000 ounces left on the property, with an additional 220,000 ounces in the measured and indicated categories. Gold production in the mine in 2008 alone reached 274,000 ounces and averaged a cash cost of $149/oz, making it a very profitable operation.

Note:   The Company has relied upon historical results from several sources in the evaluation of the Urique Project. As a majority of the results quoted were taken before current QA/QC and sample security protocols were adopted, these results should be considered 'historical' in nature and can only be used as a quantitative guide as to the relative tenor of mineralization and should not be relied upon as to what potential resources exist on the property.

 

Urique Project: South

URIQUE AREA
The Urique zone is made up of an epithermal vein district measuring 2 x 2 km in size with more than 15 historic mines identified to date. Initial sampling at Urique yielded local bonanza grade gold and silver values with highlights of 86.0 g/t Au and 8,290.0 g/t Ag. Urique, (including the recently discovered El Rosario target) are priority targets for American Sierra Gold's drill program.

El Rosario Target

This most recently identified zone, El Rosario, is located east of the town of Urique and comprises multiple historic mines and prospects that exploited a system of high grade veins. Formal mining of this area ended in the late 1920's and consisted of several hundred metres of underground workings on three levels. These historic workings are all within a zone of strong silicification in the andesite host rocks that measures approximately 100 metres wide and over 400 metres long. The zone is considered to be open at depth and along strike.
Sampling has yielded significant values of as much as 10.6 g/t Au and 241.5 oz/t Ag from 10-40 centimetre wide veins (see table below for more detailed results). Sampling within the altered andesite has yielded gold and silver values of as much as 0.2 to 0.3 g/t Au and 5.0 to 41.0 g/t Ag suggesting that the El Rosario area has the potential to host a bulk tonnage open pittable resource.
As this area has poor surface exposure, trenching and drilling will be needed to fully understand the geology and mineralization

 

Urique Project: North

CERRO COLORADO TARGET
To date the structurally controlled breccia at Cerro Colorado has been traced over a strike length of 2.5 kilometres. The width of the structure varies from 2 metres to greater than 10 metres and occurs within a much wider package of alteration. At least four areas of mineralization have been identified: the El Vergel, Mina Guadalupe and Ampliacion Guadalupe zones occur along the main structure, and the Las Taunas zone is an interpreted splay off the main structure. Mapping has shown that the main structure is continuous between all of the zones.
The first phase of drilling has shown the potential for a significant silver/gold grades at the Cerro Colorado Target of Urique North. Drilling successfully intersected the target breccia over widths of several metres in each of nine holes over approximately 2.0 km of strike length.

Drill hole UCC-08-08 - with 9.2 m grading 0.51 g/t Au and 96.5 g/t Ag - will be a focus of further exploration programs as the nearest holes are approximately 200 m to the northwest and 600 m to the southeast. It is possible for there to be a clavo or ore shoot at several locations along the known 2.5 km strike length of the system.

Additional drilling is also warranted at the south end of the zone as UCC-08-09, drilled approximately 900 m to the south, intersected increased gold mineralization. As drilling has only tested to a maximum vertical depth of approximately 140 metres, deeper holes will also be required as other systems in the district have been shown to be well mineralized to depths of 400 metres or more.

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Contact AMNP.OB

www.americansierragold.com
Address:
American Sierra Gold Corp
8th floor - 200 S. Virginia
Reno, Nevada
89501
Email: info@americansierragold.com
Phone: (775) 398-3044
Fax: (775) 201-9751

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