American Sierra Gold Corp (OTC:AMNP) has been offered the option from Yale Resources Ltd. to earn 100% interest in the company’s Yale Project in Senora State, Mexico. To gain full interest, American Sierra Gold Corp must pay Yale $50,000 and issue 500,000 shares to Yale over three years, in addition to spending $600,000 on exploration expenditures. Yale has received $25,000, and will earn another $25,000 and 1000,000 shares when American Sierra signs the agreement.
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Formerly CE Entertainment, Inc., American Sierra Gold Corp is engaged in the exploration and production of gold properties throughout North America. Headquartered in Reno, Nevada, the company owns multiple drill sites near producing mines owned by Gold Corp. Current American Seirra Gold projects include Urique Project, south, and Urique Project North, both consisting of 11 concessions spanning across 28,880 hectares in Sierra Madre, Mexico.
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