Cherry Hill Assays Grade as High as 20.2 gpt Gold
January 12 2012 - 3:01AM
Business Wire
Silver Sun Resource Corp. (“Silver Sun” or “the Company”) is
pleased to announce that assays submitted by Derrick Strickland, P.
Geo., on behalf of Silver Sun for the purpose of the completion of
an independent, 43-101 compliant technical report on the Cherry
Hill Gold Mine have been received.
A total of six samples were submitted to Acme Labs for
assaying:
- Sample CH11-01 that returned a value of
12.4 g/t gold was taken at 400 ft. of the main Q4 level (at the
previous face) from banded quartz vein, 40 cm. parallel to the
channel. This is an area of current production.
- Sample CH11-02 that returned a value of
1.71 g/t gold, was taken at the 340 ft. mark of the main Q4 level
from banded quartz vein, 30cm. parallel to the channel.
- Sample CH11-03 that returned a value of
20.2 g/t gold was taken in the Q4-1 raise, i-drift from banded
quartz, 30 cm. parallel to the channel. This is the Company’s
second active working.
- Samples CH11-04 to CH11-06 from fault
gauge at the 150 ft. to 242 ft. level of the main Q4 level together
with a grab sample from a muck pile of black slate with euhedral
pyrite returned nominal values of between 0.02 g/t gold and 0.24
g/t gold.
“Deposits such as Cherry Hill that inherently have a ‘nuggety’
gold content are difficult to quantify with selective sampling due
to the variable nature of the gold mineralization – you can have
multi-ounce grades only inches from low grade material. Therefore
these independent assays are important verification of the tenor of
gold mineralization at Cherry Hill. The assays from this
independent sampling confirm historic values as well as internal
assays used by the mine as ongoing grade control”, stated Ian
Foreman, P. Geo., the Company’s Qualified Person.
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.
Sample preparation and analysis for the Cherry Hill project is
done at ISO 9001:2008 accredited Acme Analytical Laboratories
(Vancouver) Ltd. All samples are assayed for gold by 30 g fire
assay fusion with Inductively Coupled Plasma - Emission
Spectroscopy (ICP-ES) finish. Silver and 33 additional elements are
determined for all samples by Aqua Regia digestion, followed by
ICP-ES and ICP Mass Spectroscopy (ICP-MS) finish. All over-limit
gold (greater than 10 g/t) are re-assayed by 30 g fire assay fusion
with a gravimetric finish.
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. 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 concerning resource 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.
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