Sidney Resources Corp (OTC:SDRC) Stock Soars 19%: What’s The Buzz?

The rally in the price of gold in recent times has brought renewed focus to the mining sector among investors, and there are many companies that could be worth tracking at this point. One of the companies that may be in focus today is mining and natural resources sector leader Sidney Resources Corp. (OTC:SDRC).

The company came into focus on Wednesday after it announced that the Chief Executive Officer of VAST Resources PLC, Andrew Prelea, would join Sidney Resources Corp. in the capacity of a strategic advisor. In the news release, the company noted that Prelea boasted considerable experience and a strong record in terms of project expansions. In his new role, he would bring his expertise, experience, and strategic nous to Sidney Resources Corp. at a time when the company is looking to further expand its operations and boost production capacities.

The company noted that Prelea’s career in the mining industry had been punctuated with major achievements during his time at VAST Resources. At VAST Resources, he had been crucial in the company’s expansion and development of mining projects across locations, which proved to be profitable. Hence, such a track record is expected to make him a highly valued member of the advisory team at Sidney Resources Corp.

The company noted that Prelea’s specific skills in the fields of market expansion, project development, and creating operational efficiencies would be vital in helping Sidney Resources Corp. boost its footprint in the mining industry. The company also stated that it was transitioning from being a small testing mill to a fully equipped production plant that would process 100 to 200 tons a day. The involvement of Prelea at the company as a strategic advisor would ensure that the design is thorough and the possibility of errors is minimized.