Silver Sun Provides Update on Cherry Hill Gold Mine
Silver Sun Resource Corp. ('Silver Sun? or 'the Company?) is pleased to
announce that it has formed a wholly owned U.S. subsidiary, Golden Sun
LLC, as well as Cherry Hill Holdings LLC and Luckyboy Resources LLC
which will function as the Joint Venture operating companies.
The Company received approval from the United States Forest Service
(USFS) to continue with the current Plan of Operations, which is valid
until the year 2015 using the permits and licenses that are currently in
place. Once production resumes at Cherry Hill, the Company plans to
apply to the USFS to broaden the Plan of Operations at Cherry Hill to
include the entire property for which a full Environmental Assessment
will be required.
The Company has contracted an experienced team of miners, some who have
previously worked at Cherry Hill, and the main portal is now open and
the workings are being readied for production to re-commence.
Company management was recently on site with Robert L. Hill, CA Reg.
Geologist #3386, who was instrumental in interpreting the structural
geology of the Cherry Hill Mine. The mine is centered on the Queen Vein,
which has a known strike length of 1200 feet. The eastern portion of the
vein has been mined out above level 3 (4450 feet) but remains open to
depth. The Company will start mining from the existing 2 year old
workings that access the Queen Vein from the west on level 4 (4360 feet)
where ore has been blocked out between the 3rd and 4th
levels.
'Having now been underground, we have a much better understanding of the
nature of the Queen Vein and where we will have immediate access to
blocked out ore,? stated president Mark McLeary.
About Silver Sun Resource Corp.
Silver Sun Resource Corp. is a Canadian-based resource company focused
on the acquisition, exploration and development of precious metal
deposits in North America. The Company is engaged in an on-going work
programme on the Zacatecas, Salvador, and Mina San Jose properties
located within the prolific Zacatecas Silver District in Mexico, as well
as its newly acquired Yoreme Silver Project in the mining district of
Alamos, Sonora State, Mexico. The Company has an experienced management
team with a growth strategy to develop a diversified portfolio of mining
projects that can be taken to production in the near-term. The company's
design is to add shareholder value through efficient exploration,
strategic acquisitions and effective marketing while maintaining a low
risk profile through project diversification and sound financial
management.
Ian Foreman, P.Geo, is the Company′s Qualified Person as defined by
National Instrument 43-101, and is responsible for monitoring the
supervision and quality control of Silver Sun′s exploration programs and
has not verified the historical data contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
'Mark A. McLeary?
President
Forward Looking Statements
The data included in the report of Robert L. Hill CA Reg. Geologist
#3386 with respect to the Property is historical in nature. The Company
is not treating the data as National Instrument defined resources or
reserves verified by a Qualified Person, and the historical estimate
should not be relied upon. The reader is cautioned that the potential
quantity and grade of the regional exploration target is conceptual in
nature; it is uncertain if further exploration will result in the
exploration target being delineated as a mineral resource and there is
no guarantee that these resources, if delineated, will be economic or
sufficient to support a commercial mining operation. The Company's
production objectives are intended to provide an indication of
management's current expectations and are still conceptual in nature. It
is uncertain that it will be established that these resources will be
converted into economically viable mining reserves. Until a feasibility
study has been completed, there is no certainty that these objectives
will be met.
This release contains forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production. These statements are based on current
expectations that involve a number of risks and uncertainties, which
could cause actual results to differ materially from those anticipated.
These risks include, but are not limited to, the risk that the
conditions to complete the acquisition of the Property are not met
including satisfactory completion of the Company′s due diligence and any
inability to obtain any applicable regulatory or corporate consents or
approvals for the proposed acquisition, the risks associated with the
mining and exploration industry including operational risks in
development, exploration and production; delays in obtaining any
governmental approvals required for production of the Company's mineral
properties, inability to obtain access to mills or reach an agreement on
commercially acceptable terms for processing of mineralized material
from the Company's mining projects, delays or changes in plans with
respect to exploration or development projects or capital expenditures;
the uncertainty of reserve estimates; the uncertainty of estimates and
projections relating to production and the uncertainty of the
availability of capital). The assumptions used in the preparation of
such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Silver Sun Resource Corp.
Mark McLeary, (604) 678-2531