Discovery Day

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. More than 7 million ounces of gold have been recovered from placer and gold-quartz veins in the Klamath Mountains province of California - Oregon. Past production records show mining runs averaging 12.06 ounces of gold per ton.

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.

Mine	Proven Ore (ozs)	Probable Ore (ozs)	Inferred (ozs)
Discovery Day	13,148.3	143,945	355,000
Knownothing			330,000
Hansen			330,000
Gilta			150,000
TOTAL	13,148.3	143,945	1,165,000
Source: Cooksley Report, 1996

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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 project has access to a turnkey mine and processing facilities, which include a 100 tpd ore mill, that are fully permitted for on-site production through 2016 with all environmental impact studies and necessary operational permits completed and approved.

On October 19, 2009, American Sierra signed a final joint-venture agreement to earn up to 75% of the high-grade Discovery Day Gold Project. 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.

Map of Forks of Salmon, CA

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