American Sierra Gold Corp. - AMNP

[OTCPicks]

American Sierra Gold Corp. Signs $6 Million Equity Financing Agreement

Market Wire ***"US Press Releases "

RENO, NV -- (MARKET WIRE) -- 10/13/09 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada , is pleased to announce that it has entered into an equity financing agreement with a European-based institutional investor for up to $6,000,000 .

"We are very pleased to have closed this equity financing agreement as it will allow us to fund the implementation of our operations and acquisitions strategy. This agreement is an indication of confidence in the future of our projects and will ensure the future growth of the Company," stated Mr. Wayne Gruden , American Sierra Gold's CEO and President. "The stock purchase warrants attached to each unit to be sold under this agreement, could eventually translate into an additional $10.5 million in funding available to the company," added Mr. Gruden.

Under the terms of the agreement, American Sierra has the right to call upon funds for up to $6,000,000 by issuing units consisting of one share of its common stock and one common stock purchase warrant exercisable for the purchase of one additional share of common stock. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements. Full details of this agreement can be reviewed on our latest SEC filings.

About American Sierra Gold Corp. :

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTCBB: AMNP). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website: American Sierra Gold and to subscribe to the email newsletter.

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management.

For full company profile CLICK HERE

[ChuckW]

American Sierra Gold Corp. Announces Significant Cancellation of Stock
Press Release
Source: American Sierra Gold Corp.
On 8:45 am EDT, Thursday October 15, 2009

RENO, NV--(Marketwire - 10/15/09) - American Sierra Gold Corp. (OTC.BB:AMNP - News), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce that Wayne Gruden, the Company's CEO, has agreed to cancel 19,000,000 shares of his American Sierra Gold Corp. stock. The number of total shares being retired represents 23% of the currently outstanding common stock.

"I decided to retire these shares to allow American Sierra to be in an advantageous position in the implementation of our acquisition plans and to boost shareholder value. This reduction in the outstanding number of shares in the company will allow us to fuel acquisitions without unnecessary dilution to current shareholders. In addition, the cancellation will make our company more attractive for prospective financing," commented Wayne Gruden on the share cancellation.

The cancellation of these shares takes out a significant fraction of American Sierra's total shares outstanding, reducing it from 82,583,334 to 63,583,334. Our management and directors will still hold an aggregate of 33,000,000 common shares of American Sierra Gold, equivalent to approximately 51.9% of our issued and outstanding shares.

About American Sierra Gold Corp.:

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTC.BB:AMNP - News). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp.'s website: American Sierra Gold and to subscribe to the email newsletter.

Forward-Looking Statements

[OTCPicks]

American Sierra Gold Corp. Signs Final Agreement to Acquire High-Grade Discovery Day Gold Project

Market Wire ***"US Press Releases "

RENO, NV -- (MARKET WIRE) -- 10/20/09 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada , is pleased to announce that it has signed the final joint venture agreement with Trinity Alps Resources, Inc. to acquire a 75% stake in the high-grade Discovery Day Gold Project . This agreement follows from negotiations based on the Letter of Intent as announced October 7, 2009 .

The Discovery Day Gold Project covers over 950 acres and controls the entire Knownothing Mining District in northern California , which includes the four principal mines -- the Gilta, Discovery Day, Hansen, and Knownothing and several other smaller mines and prospects. An ore reserve estimate from 1996 published study by Cooksley Geophysical, Inc. reported a total inferred resource of 1,165,000 ounces of gold, of which over 157,000 ounces were considered to be in the proven and probable categories. The Company will need to re-evaluate historical data and carry out additional exploratory work on the numerous targets available to take the property's resource to a mineable category.

"We are extremely pleased to sign the joint venture agreement, and thus initiate the process of developing the mine. We expect the first year work plan to be approved shortly and allow us to initiate preparatory work for drilling. The turnkey mine and processing facilities, which include a 100 tpd ore mill, are fully permitted for on-site production through 2016 with all environmental impact studies and necessary operational permits completed and approved," said Mr. Wayne Gruden , American Sierra's CEO.

"More than 7 million ounces of gold have been recovered from placer and gold-quartz veins in the Klamath Mountains province of California - Oregon , and we believe that we are well positioned to identify the next large mine in this historically rich region. Past production records show mining runs averaging 12.06 ounces of gold per ton. With proven past production and the high impact prospects, American Sierra is well poised to provide shareholder value at a time of near record gold prices," added Mr. Gruden.

Under the terms of the joint venture agreement, American Sierra has agreed to invest US$2 million in the property over a period of 2 years in order to earn a 75% stake in the project. In addition, American Sierra agreed to issue 2 million shares and 2 million 5-year warrants of AMNP's stock to the vendor of the project over the same period. The warrant package offered, if exercised, could result in an additional $2.5 million of funding available to the Company.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission ( SEC ) filings under "risk factors" and elsewhere. The forward- looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

For full company profile CLICK HERE

[OTCPicks]

American Sierra Gold Corp. Update on Discovery Day Work Program and Technical Report

Market Wire ***"US Press Releases "

RENO, NV -- (MARKET WIRE) -- 10/22/09 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada , is pleased to announce the release to the public of the Discovery Day Technical Report and its upcoming work program on the property.

Discovery Day Technical Report

The ore reserve estimate contained on the report prepared by Cooksley Geophysical, Inc. in 1996 reported a total inferred resource of 1,165,000 ounces of gold, of which over 157,000 ounces were considered to be in the proven and probable categories. Ore values ranging from 1 ounce of gold per ton (opt) to in excess of 20 opt have been reported in several of the State Mineralogist's Reports published by the California Division of Mines and Geology . American Sierra will need to carry out a work program to re-evaluate historical data and identify additional ore zones to feed new ore to the property's processing mill and facilities.

Discovery Day Work Program

Two phases of work have been planned for the Discovery Day gold property for the next twelve months. The goal of the Phase 1 work program is to develop high-priority drill targets. This phase will consist of surface geologic mapping and sampling with tight ground survey control. Underground mapping and sampling of historic workings will be considered where safe entry is possible.

The Phase 2 of the work program is designed to drill the test targets identified in Phase 1. This phase will consist of underground core drilling and surface core drilling at the Discovery Day mine and surface core drilling at the Hansen mine. Success at the Discovery Day mine would lead to developing near-term reserves for the mill and success at the Hansen mine would develop a new source of ore immediately adjacent to the mill.

"The Discovery Day Gold property is a production-ready gold property in need of exploration and geological work to delineate near-term reserves. The property is fully permitted for production with attending underground mine, powder magazines, operational mill, support facilities, and underground and surface equipment. Having produced over $50 million dollars of gold at today's prices, we look forward to further exploring and validating the tremendous potential of this historically rich region," commented Wayne Gruden , CEO of American Sierra.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission ( SEC ) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Cautionary Note to Investors

The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC , to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC . Investors are urged to consider closely the disclosure in our SEC filings, File No. 000-52927. You can review and obtain copies of these filings from the SEC's website at Filings & Forms.

For full company profile CLICK HERE

[OTCPicks]

American Sierra Gold Corp. Appoints New Chief Financial Officer

Market Wire ***"US Press Releases "

RENO, NV -- (MARKET WIRE) -- 10/27/09 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada , is pleased to announce that Johannes Petersen has joined the Company as Chief Financial Officer and as a member of the Board of Directors.

Mr. Petersen has experience in a wide range of aspects of resource exploration, management and finance. He brings great value to the company having served as director and CFO of a number of public and private resource companies. He has worked in business planning and development for resource projects located in North America and Asia . Over the past four years, Mr. Petersen has been instrumental in raising over $17 million to fund the activities of resource projects.

On his appointment, Mr. Petersen said "I am delighted to join American Sierra in its quest for gold. I believe the Company has the right mix of ingredients for major success: a very capable team, sound financing arrangements to fund its operations and a portfolio with exciting exploration potential."

Commenting on Mr. Petersen's appointment, Wayne Gruden added: "I am pleased that Johannes has decided to join American Sierra's efforts to build a leading gold exploration company in North America . Johannes' exceptional breadth and caliber of expertise will be beneficial to the Company's future success."

Mr. Petersen has also covered several functions within the financial services industry, ranging from fixed income to currency trading. He holds a BSc in Economics from Universidad del Pacifico ( Peru ) and an MBA degree from the London Business School (UK).

About American Sierra Gold Corp. :

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTCBB: AMNP). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website: American Sierra Gold and to subscribe to the email newsletter.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission ( SEC ) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

For full company profile CLICK HERE

[Stock_Analyzer]

Could have found bottom at .70 to .75 cent ranges here. Watching to see if the reversal continues to 1.00 to 1.10 ranges ahead. Good gold play imo

[debailleul]

AMNP is a gold junior. I love gold juniors because if you make a bad trade on it, you may easily get bailed out if you just hold onto it. The bull market in gold is just beginning, and juniors will fly high later on in the bull cycle.

The stock has bounced slightly off its 200-day MA. This is a great sign for a pile-on buyer binge.

Remember the dot-come craze? Well, the gold mining craze is still in its infancy.

I love this stock, and the chart of AMNP.

[Stock_Analyzer]

Could test 1.05 here, so far up 17% on the day. If you want our SHO hot alerts you need to be in our stock chat room at the opening bell for all the details.

[OTCPicks]

Cohen Independent Research Group Issues a "Buy" Rating With a Target Price of $3.21 for American Sierra Gold Corp.

Market Wire ***"US Press Releases "

RENO, NV -- (MARKET WIRE) -- 11/05/09 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada , is pleased to announce that Cohen Independent Research Group, Inc. , Wall Street's leading independent fundamental research firm, has issued a research report on American Sierra with a "buy" recommendation and a long-term target price of $3.21 .

For the full report please visit Cohen Independent Research Group's website, Cohen Independent Research Group, Inc. - Stock Research, Stock Market, Stock Investing, Stock Investment, Financial Advisor, Equity or visit American Sierra's website, American Sierra Gold.

About Cohen Independent Research Group :

Led by Paul Cohen , Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney ) and Arthur Levitt (past Chairman of the Securities and Exchange Commission ( SEC )).

Cohen Independent Research Group includes nine PhDs (three with MDs), two MDs, six CFAs (chartered financial analyst), three with CPAs (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information, readers can visit the company's website at Cohen Independent Research Group, Inc. - Stock Research, Stock Market, Stock Investing, Stock Investment, Financial Advisor, Equity.

About American Sierra Gold Corp. :

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTCBB: AMNP). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp.'s website: American Sierra Gold and to subscribe to the email newsletter.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission ( SEC ) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

For full company profile CLICK HERE

[Stock_Analyzer]

AMNP looks to be headed toward its 50 MA line here at 1.07 to 1.10 ranges. Congratulations to all members that made profit from todays SHO alert in AMNP

Could test 1.05 here, so far up 17% on the day. If you want our SHO hot alerts you need to be in our stock chat room at the opening bell for all the details.