Silver Sun Provides Corporate Update on Cherry Hill Gold Mine
Silver Sun Resource Corp. ('Silver Sun? or 'the Company?) is pleased to
confirm that production at the Cherry Hill Gold Mine in Yreka California
is continuing. The Company is currently trucking and stockpiling
approximately 45 ton per day of its throughput in anticipation of the
first milling to begin at the 400 ton per day Merlin mill in Grants
Pass, Oregon, towards the end of January.
'We have been very lucky with the northern California weather?, stated
Silver Sun President, Mark McLeary. 'Since there has been very light
snowfall in the area including at the 4,500 foot elevation of the mine,
the Company has been able to continue with its plan of operations with
no significant delays?.
Year end, comprehensive inspections by both the Mine Safety and Health
Administration (MSHA) and the California Occupational Safety and Health
Administration (Cal/OSHA) at the Cherry Hill mine created 8 days of
non-production time prior to the holiday season.
Underground mining and development work continues with the extension of
the Q4 adit along the vein as well as accessing the main zone of
mineralization in the recently completed Q4-2 i-drift.
The NI 43-101 compliant technical report with respect to the Cherry Hill
project is near completion. Samples taken by Derrick Strickland, P. Geo,
have been submitted to ALS Chemex for assaying and results are expected
shortly together with a finalized report.
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.
Ian Foreman, P. Geo, is the Company′s Qualified Person as defined by
National Instrument 43-101, who is responsible for monitoring the
supervision and quality control of Silver Sun′s exploration programs and
who has reviewed and verified the technical information contained in
this news release.
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 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@silversunresource.com
