Silver Sun Completes Bulk Sampling
October 21 2011 - 3:01AM
Business Wire
Silver Sun Resource Corp. (“Silver Sun” or “the Company”) is
pleased to announce the completion of a bulk sampling program at
the wholly owned Cherry Hill gold mine, located in Siskiyou County,
California. Approximately 100 tons of material was processed at the
Discovery Day Mine’s gravity circuit mill, which produces two
separate concentrates: a free-gold bearing concentrate and a
sulphides concentrate that requires additional processing. The
quantity and value of these concentrates has not been
determined.
Samples of the concentrates and tailings from the processed
material will be submitted to ALS Chemex Labs in Reno Nevada for
assaying.
In addition, the Company is awaiting detailed metallurgical
results from the Q4 i-drift that were sent to Norris Labs in
Montana. The results from the recently completed bulk sampling and
the detailed metallurgical study will be used to optimize the
milling procedures for the 400 tonne per day Merlin
gravity/floatation mill, located in Grants Pass, Oregon, which will
be used to process all of the material mined from Cherry Hill.
As the development work is nearing completion at Cherry Hill,
the Company is currently stockpiling all material extracted from
the Q4 level in the Company’s secured compound in anticipation of
shipping to Grants Pass.
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 final stages
of development of 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 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.Geol, the Qualified Person as
defined in National Instrument 43-101 for the Cherry Hill Property,
has reviewed this news release and is responsible for the technical
information reported herein.
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.
Forward-looking statements in this news release include statements
regarding the timing and nature of permitting studies, the timing
and nature of infrastructure developments and construction,
projections of future optimization, production timeline targets,
the timing of negotiations with third parties, and the timing and
nature of future exploration programs which are dependent on
projections which may change as drilling continues, or if
unexpected ground conditions are encountered. In addition, areas of
exploration potential are identified which will require substantial
drilling to determine whether or not they contain similar
mineralization to areas which have been explored in more detail.
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 concerning resource 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.