Overview

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. The Company is focused on the acquisition, exploration and development of Gold properties in North America. The Company has a Gold-Silver project in Northern Mexico and has also signed a letter of intent to acquire a high-grade Gold Project in California, U.S.A.

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Investment Highlights

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Profile

Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above $100 a barrel as emerging market growth creates shortages, Bank of America Merrill Lynch said on Monday.

Jim Rogers, a famed investor known for his bullish calls on commodities, said last week that gold prices could top $2,000 an ounce within a decade. Investors will buy gold as a protection against a weaker U.S. dollar, he said.

Now while all of these are considered educated guesses, and the exact future Gold price per ounce is uncertain, and will only be known once we reach a particular high, the information shown above is still very important and it gives investors a sense of direction of where most economists and corporations expect Gold prices to go in the near and long-term future.

Location, Location, Location is a saying used in real estate, but should just as much be used by investors looking to invest in a particular resource Company. Our latest Company spotlight has focused on this aspect and has landed two projects in geologically significant locations. American Sierra Gold Corp. (OTCBB:AMNP) is a publicly traded independent gold exploration company headquartered in Reno, Nevada. The Company is focused on the acquisition, exploration and development of Gold properties in North America. The Company has a Gold-Silver project in Northern Mexico and has also signed a letter of intent to acquire a high-grade Gold Project in California, U.S.A.

American Sierra Gold currently holds a 90% interest in 11 exploration permits totalling 72,740 acres in the prolific gold belt of the Sierra Madre, Mexico.

Estimates state that over 85% of Mexico’s mineral reserves are untouched. Information such as this is certainly a fact that management at AMNP are well aware of, and why their first project was in the prolific gold belt in the Sierra Madre mountain region of Mexico.

The El Rosario target is one of ten known targets within the Urique Project in Mexico and measures approximately 175 metres wide by 400 metres long. It is open both along strike and at depth. The zone is host to multiple historic mines and prospects that exploited a system of high grade veins.

At El Rosario, fieldwork in 2008 identified at least five vein sets hosted within altered andesite. Bonanza grades (as much as 10.6 g/t Gold and 8,290.0 g/t (or 241.5 ounces per ton) Silver occur within 10 to 40 cm veins that make up the vein sets, which are 1 to 7 metres in width. Multiple +1 kilogram per tonne silver assays have been collected from various veins throughout the El Rosario target. Significant silver mineralization also occurs within the altered andesite host rocks (257 g/t silver and 0.78 g/t gold over five metres), which adds to the bulk tonnage potential of the target.

American Sierra Gold's substantial land package, represents the largest under-explored acreage in the region. There are multiple drill sites within 10 miles of producing mines owned by Goldcorp Inc. American Sierra Gold's Urique Project lies directly north of the producing El Sauzel gold mine owned by Gold Corp. Glamis Gold originally discovered the El Sauzel mine prior to being acquired by Goldcorp Inc. in an $8.6 Billion deal in 2006. Goldcorp Inc. (NYSE:GG) is North America's fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged. With a market cap of over $30 Billion dollars and a history of acquiring other miners where Goldcorp has an interest, AMNP could be a possible takeover target because of its geographical proximity to the mining giant as well as AMNP`s high grade veins and large land base.

The Company has already spent over 1.3 million dollars of development in the ground. The Sierra gold belt of northern Mexico has a long history of large gold and silver discovery and production, which epitomizes the end goal of American Sierra. That goal, according to Wayne Gruden, is "discovering North America's next large producing gold mine."

The Company recently announced that it had entered into a Letter of Intent with Trinity Alps Resources, Inc. to acquire a 75% stake in the high-grade Discovery Day Gold Project located in California, USA.

The Discovery Day Gold Project covers over 950 acres and controls the entire Knownothing Mining District, which includes the four principal mines -- the Gilta, Discovery Day, Hansen, and Knownothing and several other smaller mines and prospects. As many as 7 different high-grade vein systems are known to exist in the Knownothing district based on historical data and indicated through extensive surface exploration and soil geochemistry surveys.

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.

The Company is currently trading in the upper regions of its 52 week range and has been trading feverishly out of the gate as investors try to ride the wave cause by the rising price of Gold. AMNP`s short technical chart pattern shows a continued bullish MACD trend. The Company continues to trade near the upper limits of the bollinger bands, signalling continued bullish strength.

With interest in the price of Gold continuing, investors are either pouring into trading the shiny metal or are looking for gold mining Companies that focus on Gold exploration and development. AMNP has two promising gold projects in geologically important locations and with its close promximity to one of the worlds biggest Gold companies, the Company has been put front and center on the radar of many traders. We encourage our investors to take a closer look at American Sierra Gold Corp. (OTCBB:AMNP), and watch to see if the feverish trading in the Company will continue over the coming days and weeks.

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Projects

Discovery Day Gold Project

The Company recently announced that it had entered into a Letter of Intent with Trinity Alps Resources, Inc. to acquire a 75% stake in the high-grade Discovery Day Gold Project located in California, USA.

The Discovery Day Gold Project covers over 950 acres and controls the entire Knownothing Mining District, which includes the four principal mines -- the Gilta, Discovery Day, Hansen, and Knownothing and several other smaller mines and prospects. As many as 7 different high-grade vein systems are known to exist in the Knownothing district based on historical data and indicated through extensive surface exploration and soil geochemistry surveys.

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.

"The Discovery Day Gold Project is an exciting gold exploration project with all the elements to become a successful mining operation: significant past production history, exploration upside potential and all necessary infrastructure in place. Most of the due diligence process for the acquisition has been completed and we expect to sign a final agreement in the near future," said Mr. Wayne Gruden, American Sierra Gold's CEO.

Under the terms of the Letter of Intent executed on June 28, 2009, 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.

Urique Project

American Sierra Gold currently holds a 90% interest in 11 exploration permits totalling 72,740 acres in the prolific gold belt of the Sierra Madre, Mexico.

There are multiple exploration targets within this area which the Company intends to explore in the upcoming quarters.

The Company recently announced an initial field program at the Urique Gold-Silver Project.

The objective of the upcoming field program will be to prepare the El Rosario target for drilling. The work program will consist of the rehabilitation of the access to the underground workings, confirmatory and in-fill sampling, as well as compilation mapping.

The El Rosario target is one of ten known targets within the Urique Project and measures approximately 175 metres wide by 400 metres long. It is open both along strike and at depth. The zone is host to multiple historic mines and prospects that exploited a system of high grade veins.

At El Rosario, fieldwork in 2008 identified at least five vein sets hosted within altered andesite. Bonanza grades (as much as 10.6 g/t Gold and 8,290.0 g/t (or 241.5 ounces per ton) Silver occur within 10 to 40 cm veins that make up the vein sets, which are 1 to 7 metres in width. Multiple +1 kilogram per tonne silver assays have been collected from various veins throughout the El Rosario target. Significant silver mineralization also occurs within the altered andesite host rocks (257 g/t silver and 0.78 g/t gold over five metres), which adds to the bulk tonnage potential of the target.

The Company has already seen over 1.3 million dollars of development in the ground. The Sierra gold belt of northern Mexico has a long history of large gold and silver discovery and production, which epitomizes the end goal of American Sierra. That goal, according to Wayne Gruden, is "discovering North America's next large producing gold mine."

American Sierra Gold's Urique Project consists of 11 concessions covering 71,334 acres within the Sierra Madre gold belt in northern Mexico, with American Sierra holding a 90% interest. The Urique Project surrounds ten mineralized areas with past mining activity whose areas are related to large mineralized hydrothermal systems with large mineable potential. American Sierra Gold's land package sits 10 miles from the producing El Sauzal gold mine that Gold Corp. previously purchased from Glamis Gold as part of a transaction worth $8.6 billion in 2006 and which has produced 274,200 - 306,900 ounces of gold per year over the past 3 years.

Urique South Zone

The Urique's South 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 has yielded local bonanza grade gold and silver values with highlights of 86.0 g/t (grams per ton) gold and 8,290.0 g/t silver. The most recently identified zone is the El Rosario Target, located east of the town of Urique and it comprises multiple historic mines and prospects that exploited a system of high grade veins. Sampling has yielded significant values as high as 10.6 g/t gold and 8,290.0 g/t of silver from 10-40 centimeter wide veins.

Urique North Zone

Located in Urique's North Zone, the Cerro Colorado Target is developing ahead of schedule. During its first year of exploration this section has been advanced to drill-ready stage, this date will be determined by the team currently on the ground with our operator. To date the structurally controlled breccias at Cerro Colorado have been traced over a strike length of 2.5 kilometers with the width varying from 2 to greater than 10 meters. There have been at least 4 areas of mineralization identified, with the 2 priority zones within the Cerro Colorado being the El Vergel and Mina Guadalupe zones. To date, fieldwork has included the collection of 585 rock samples.

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Recent News and Press Releases

Skymark Research Initiates Independent Research Coverage On American Sierra Gold Corp.
GlobeNewswire (Thu, Oct 8)

American Sierra Gold Corp. Signs LOI to Acquire California Gold Project With Large Upside Potential
Marketwire (Wed, Oct 7)

American Sierra Gold Corp. to Start Field Work at Urique
Marketwire (Tue, Oct 6)

American Sierra Gold Corp. Announces Urique Project Status
Marketwire (Wed, Sep 30)

American Sierra Gold Corp. Offers Update on Management Team
Marketwire (Mon, Sep 28)

American Sierra Gold Corp. Launches New Website
Marketwire (Fri, Sep 25)

American Sierra Gold Corp. Offers Corporate Update
Marketwire (Wed, Sep 23)
 

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Management

The Company's 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 Geological Advisor

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).

Johannes Petersen
CFO and Director

Mr. Petersen brings experience gained from multiple CFO and directorship positions within a number of private and public resource companies. He has extensive business development and fund-raising experience with an emphasis in the natural resources industry.

Mr. Petersen holds a BSc in Economics from Universidad del Pacifico (Peru) and an MBA from the London Business School (UK).

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Contact

American Sierra Gold Corp.

8th floor - 200 S. Virginia
Reno, Nevada
89501

Tel.: (775) 398-3044
Fax.: (775) 201-9751
Email: info@americansierragold.com

Investor Relations

Toll Free: 1-888-279-3921
IR Email: ir@americansierragold.com

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FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect American Sierra Gold Corp. current expectations about its future results, performance, prospects and opportunities. American Sierra Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause American Sierra Gold Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for American Sierra Gold Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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