Silver Sun: Milling from Cherry Hill Yields 15.21 oz/T Gold in Concentrate
Silver Sun Resource Corp. ('Silver Sun? or 'the Company?) is pleased to
announce that initial assays received from half of the gravity circuit
concentrates returned a weighted average of 15.21 oz/T gold and 5.17
oz/T silver from 1,260 pounds of mineralized material from the Cherry
Hill Mine.
In January the Company processed 210 tons of mineralized material from
the Cherry Hill Mine at its contract mill in Grants Pass, Oregon (see
news release dated Jan. 19th, 2012) to determine the best
methods for optimal recovery of precious metals together as well as to
quantifying the amounts, if any, of deleterious elements present in the
tailings.
From the 210 ton of material processed the Company received 10,120 lbs.
of floatation concentrate and 2,360 lbs. of gravity concentrate via a
Nelson concentrator. 1,260 lbs. of the gravity concentrate were
subsequently run across a shaker table in order to further process the
material and create 4 smaller different concentrates. Representative
samples of each shaker table concentrate were then sent for analysis.
The number 1 concentrate, or "super con′, is the material that passes
directly across the shaker table. The number 4 concentrate is the
lightest material and, in this case, contains predominately quartz and
only very fine grained sulphides. The table below breaks down the assays
of each concentrate created by the shaker table.
Sample ID | ? | ? | ? | Weight (lbs) | ? | ? | ? | Au (oz/T)* | ? | ? | ? | Ag (oz/T)* | ? | ? | ? | Contained ounces |
CHM CONS - 1 | 32 | 542.00 | 181.00 | 8.67 | ||||||||||||
CHM CONS - 2 | 141 | 8.39 | 3.31 | 0.59 | ||||||||||||
CHM CONS - 3-1 | 122 | 1.95 | 0.65 | 0.12 | ||||||||||||
CHM CONS - 3-2 | 28 | 3.89 | 1.53 | 0.05 | ||||||||||||
CHM CONS - 4-1 | 675 | 0.29 | 0.14 | 0.10 | ||||||||||||
CHM CONS - 4-2 | 262 | 0.37 | 0.14 | 0.05 | ||||||||||||
Totals: | 1260 | 9.58 | ||||||||||||||
Weighted Average: | 15.21 | 5.17 |
* T = short ton (2,000 pounds)
The samples for the gravity concentrates were prepared and analyzed by
ALS Chemex at their facilities in Vancouver, B.C. using their "specialty
assay procedure′ and generally consisted of 0.1 kg of material. Gold
analyses were performed by Fire Assay Fusion (FA-FUSION) utilizing
Gravimetric, AAS or ICP finish depending on the concentration and silver
was analyzed as part of a multi-element ICP package using an aqua regia
digestion.
Samples from the floatation concentrates were sent to Norris Labs,
Montana and the Company is awaiting the assays. Further samples were
sent to Just Refiners in Sparks, Nevada for analysis prior to sale.
Additional processing planned:
The samples for the tailings were prepared and analyzed by ALS Chemex at
their facilities in Reno, Nevada and generally consisted of 0.1 kg of
material. Gold analyses were performed by 30 gram fire assay with an AA
finish and silver was analyzed as part of a multi-element ICP package
using an aqua regia digestion. Assay results from the tailings provided
to the Grants Pass mill indicate that all levels of arsenic, mercury,
bismuth and other deleterious elements are below state limits and can be
disposed of onsite with no additional processing. As a result, the
Company intends to run an additional 200 tons of its mineralized
material within the next two weeks to further refine the extraction
process in anticipation of ramping production at Cherry Hill up to 1,000
tons per month.
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 sampling programs and
who has reviewed and verified the technical information contained in
this news release.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
'Mark A. McLeary?
President
Forward Looking Statements
This news release contains statements that constitute
'forward-looking statements' within the meaning of Section 21E of the
United States Securities Exchange Act of 1934 and 'forward looking
information' within the meaning of applicable Canadian provincial
securities legislation (collectively, '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 approvals, the timing and nature of
infrastructure developments and construction, completion of project
milestones, projections of future optimization, the timing of
negotiations with third parties, and the timing and nature of production
timeline targets which are dependent on projections which may change as
testing and processing continues.
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.
For Silver Sun Resource Corp.
Mark McLeary, 604-678-2531
mark@mclearycapital.com