Silver Sun Receives 94.69% Gold Recoveries from Cherry Hill Gold Mine
Silver Sun Resource Corp. ('Silver Sun? or 'the Company?) announces
metallurgy test results indicate recoveries of 94.69% for gold and
87.15% for silver are attainable for material from the Company′s wholly
owned Cherry Hill Gold Mine located in Siskiyou County, California.
The approximately 50 pound sample was taken from the Q4 i-drift, where
initial production is planned and was sent to Norris Labs in Norris,
Montana for analysis. Norris Labs reported an initial split grade of
0.428 oz/T Au (14.67 g/t) and 0.32 oz/T Ag (10.97 g/t) with a secondary
split grade of 0.084 oz/T Au (2.88 g/t) and 0.32 oz/T Ag (10.97 g/t)
confirming the "nuggety′ nature of the mineralization at Cherry Hill.
The Company has retained Derrick Strickland, P. Geo, to prepare a
National Instrument 43-101 compliant technical report with respect to
the Cherry Hill project which is anticipated to be available through the
Internet on the Canadian System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.comby the end of the calendar year.
'These metallurgical results are extremely encouraging? commented
Mark McLeary, President of Silver Sun. 'In addition to the high recovery
rates, the mineralized material from the Cherry Hill mine should provide
for a high level of free-gold concentrate prior to floatation?.
As noted in Silver Sun′s October 21st, 2011 news release
(see, www.sedar.com),
the Company is currently stockpiling approximately 45 tons per day of
mineralized material for delivery to the 400 ton per day Merlin
gravity/floatation mill located in Grants Pass, Oregon.
There are no known reserves at Cherry Hill and Silver Sun has not yet
reported any mineral resources in compliance with National Instrument
43-101 of the Canadian Securities Administrators and therefore,
potential quantity and grade reported has been derived only from the
reports received for Norris Labs and must be considered conceptual in
nature. There can be no assurance that any mineral resource will be
delineated at Cherry Hill. Any production decision with respect to the
Cherry Hill Mine is not to be based on the results of a pre-feasibility
study or feasibility study of mineral reserves or mineral resources
demonstrating economic or technical viability. Any production decision
will be based on estimates of potential grades and quantities of
mineralization, along with other available information, including cost
estimates. As a result there are significant economic and technical
risks of failure associated with any production decision including but
not limited to risks related to the inherent uncertainty of production
and cost estimates and the potential for unexpected costs and expenses;
future metallurgy or mining results not being consistent with the
Company′s expectations; risks related to environmental regulation and
liability; political and regulatory risks; and risks related to failure
to obtain adequate financing on a timely basis and on acceptable terms.
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. 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
