SOURCE: Equity Spotlight

May 21, 2012 10:41 ET

Gear International, Inc. (OTC: GEAR) and Western Sierra Mining (OTC: WSRA) Form Agreements to Develop and Operate Arizona Mine

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the EQUITY SPOTLIGHT

NEW YORK, NY--(Marketwire - May 21, 2012) - Western Sierra Mining (PINKSHEETS: WSRA) has concluded an agreement with Mission Holdings to operate the Silver Cord mine in central Arizona which Gear International (PINKSHEETS: GEAR) has an agreement to develop. According to the agreement, Western will provide a variety of mining services including permitting, both underground and surface exploration, mine engineering, geology and tunnel rehab in preparation for an extensive sampling program. Gear International, Inc. will provide the required funding.

The World Gold Council recently announced that, in dollar terms, global gold sales rose 16% year-on-year to $59.7 billion, with an average price of $1,690.57 per ounce, gold prices gained about $75 since May 17, 2011. Goldcorp (NYSE: GG), one of the world's largest producers continues to execute to plan on its bid to achieve a 70% growth spurt and reach 4.2 million ounces by 2016, and now characterizes that target as "a very achievable path." Yamana Gold (NYSE: AUY) has also announced recently that their first quarter profits rose 15% due to higher production and stronger gold prices. The company said it is on track to produce 1.2 million to 1.3 million gold equivalent ounces in 2012, a 13 percent increase over 2011 production.

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Equity Spotlight one thousand two hundred and ninety five dollars for the publication and circulation of this news release. The third party may have received additional compensation from the companies in this release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

Contact Information