S&P Capital IQ Initiates Coverage on Silver Sun Resource Corp. in Standard & Poor′s Factual Stock Reports
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.
About Standard & Poor's Factual Stock Reports
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Reports, produced by S&P Capital IQ, increase market awareness of
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stocks.
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Silver Sun Resource Corp
Hannah Cavallin, 604-678-2531
hannah@silversunresource.com
or
S&P
Capital IQ
Customers:
Richard Albanese, 212-438-3647
richard_albanese@standardandpoors.com
or
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Relations:
Michael Privitera, 212-438-6679
michael_Privitera@standardandpoors.com
