Silver Sun Begins Milling Material from Cherry Hill
Silver Sun Resource Corp. ('Silver Sun? or 'the Company?) is pleased to
announce that milling of the stockpiled material from the Cherry Hill
gold mine will begin tomorrow at the gravity and floatation circuit mill
in Grants Pass, Oregon.
Approximately 200 tons of the initial 2,000 tons of material will be
processed over a two day period in order to determine the best methods
for optimal recovery of gold and silver. In addition processing of this
initial batch of throughput will quantify the amounts, if any, of
deleterious elements present in the tailings.
Concentrates from the mill will be shipped to a refinery in Sparks,
Nevada, where both the Company and the refiner will have fire assays
completed to establish the grade of the concentrate for final pricing.
Prices for all metals purchased by the refiner will be set based on the
final bid price from the London Bullion Market. Final pricing will be
settled as of the next business day upon the Company′s signed Settlement
Summary. Final valuation of the concentrates will be determined
primarily by the assayed grade of the Au concentrate and any elevated
levels of certain elements that require additional scrubbing and/or
disposal.
Anticipated free gold recovered will be melted into 10 oz. 'dore? bars,
which will then be analyzed by a recognized laboratory that will provide
a certificated of grade; then sold to a purchasing agency provided
through the International Precious Metals Institute (IPMI).
The Company will announce the results of the milling and assays as they
become available.
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 in the production stage with
its gold project in Yreka, California and engaged in an on-going work
program on the Zacatecas, Salvador, and Mina San Jose properties located
within the prolific Zacatecas Silver District in Mexico, as well as its
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.
ON BEHALF OF THE BOARD OF DIRECTORS
'Mark A. McLeary?
President
Forward Looking Statements
This news release contains statements that constitute 'forward
looking information' within the meaning of applicable Canadian
provincial securities legislation ('forward-looking statements').
Forward-looking statements often, but not always, are identified by the
use of words such as 'seek', 'anticipate', 'believe', 'plan',
'estimate', 'expect', 'targeting' and 'intend' and statements that an
event or result 'may', 'will', 'would', 'should', 'could', or 'might'
occur or be achieved and other similar expressions. The description of
the extent of mineralized zones is not intended to imply that any
economically mineable estimate of reserves or resources exists on any of
Silver Sun′s projects.
The forward-looking statements that are contained in this news
release are based on various assumptions and estimates by Silver Sun and
involve a number of risks and uncertainties. As a consequence, actual
results might differ materially from results forecast or suggested in
these forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements of Silver
Sun to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
Factors that could cause the actual results to differ include; risks
relating to fluctuations in the price of gold; the inherently hazardous
nature of mining-related activities; uncertainties concerningresource
estimates; results of exploration, availability of capital and financing
on acceptable terms, inability to obtain required regulatory approvals,
unanticipated difficulties or costs in any rehabilitation which may be
necessary, market conditions and general business, economic,
competitive, political and social conditions. These statements are based
on a number of assumptions, including assumptions regarding general
market conditions, timing and receipt of regulatory approvals, the
ability of Silver Sun and other relevant parties to satisfy regulatory
requirements, the availability of financing for proposed transactions
and programs on reasonable terms and the ability of third-party service
providers to deliver services in a timely manner. Although Silver Sun
has attempted to identify important factors that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements, there may be other factors which cause
actual results to differ. Forward-looking statements contained herein
are made as of the date of this news release and Silver Sun disclaims
any obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise, except
as required by applicable securities laws. There can be no assurance
that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance
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
mark@mclearycapital.com