S&P Capital IQ Initiates Coverage on Silver Sun Resource Corp. in Standard & Poor’s Factual Stock Reports
November 21 2011 - 9:00AM
Business Wire
S&P Capital IQ announced today that it has commenced
Standard & Poor’s Factual Stock Report coverage on Silver Sun
Resource Corp.
Silver Sun Resource Corp. (TSXV:SSU) engages in 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 is 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.
On August 24, 2011, Silver Sun reported that they have obtained
the necessary licenses and permits required to begin development
work at the Cherry Hill Gold Mine. Development work will start with
the creation of a refuge chamber as well as areas for the
explosives magazine and blasting caps. This development work, as a
requirement of the Mine Safety and Health Administration (MSHA),
will allow the Company to expand its understanding of the
underground geometry of the Queen Vein as approximately 105 feet of
cross cuts are planned. These cross cuts outside of the vein will
also provide the Company with stations where underground drilling
can be conducted in the future to test the down-dip extensions of
the vein.
On October 27, 2011, SSU announced that production had commenced
at the Cherry Hill Gold Mine. Initially, operations will focus on
accessing the main zone of mineralization in the Q4 portal. The Q4
i-drift is being developed on the vein where initial production is
planned. Production may increase over time as additional mining
faces and raises are developed. The company is currently
stockpiling the mineralized material at their secured storage
facility and expects to begin trucking the throughput to the Merlin
mill, which is located approximately 90 miles north in Grants Pass,
Oregon, by mid-November.
Standard & Poor’s Factual Stock Report coverage on Silver
Sun Resource Corp. will also be accessible on an ongoing basis to
the investment community by scores of buy-side institutions and
sell-side firms that utilize S&P Capital IQ research and
information platforms daily. Millions of self-directed investors
also have access to the report via their e-brokerage accounts.
Please visit www.silversunresource.com for additional
information.
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