Silver Sun Receives Approval to Build Mill
July 21 2011 - 1:45AM
Business Wire
Silver Sun Resource Corp. (“Silver Sun” or “the Company”) is
pleased to announce they have received approval from the City of
Yreka, California, to operate the Company’s mill within the city
limits.
The Company currently has their 50 ton per day, gravity circuit
mill on site at the Cherry Hill gold mine. “Moving the mill to
within the city limits may allow the Company to expand the mill
capacity to a 150 ton per day gravity circuit, combined with an
additional floatation circuit to maximize recoverable ore,” stated
Mark McLeary, Silver Sun’s President.
The Company has an agreement to lease a three acre, secured
parcel of land (Parcel No. 061-301-160) for 20 years with a Company
option for a further 20 years for $1,200 USD per month. Prior to
moving the Company’s existing mill, other permits required will be
a building permit and sign permit prior to installation of any
signage. An Air Pollution Control permit may be required from
Siskiyou County. Further, a business license is required prior to
the commencement of processing.
While the Company’s mill is being relocated for construction,
Silver Sun has access to two additional, fully operational,
contract mills to process all stockpiled ore from the Cherry Hill
gold mine.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark A. McLeary”
President
Forward Looking Statements
This release contains forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production. These statements are based on
current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to, the risk that the conditions to complete the
acquisition of the Property are not met including satisfactory
completion of the Company’s due diligence and any inability to
obtain any applicable regulatory or corporate consents or approvals
for the proposed acquisition, the risks associated with the mining
and exploration industry including operational risks in
development, exploration and production; delays in obtaining any
governmental approvals required for production of the Company's
mineral properties, inability to obtain access to mills or reach an
agreement on commercially acceptable terms for processing of
mineralized material from the Company's mining projects, delays or
changes in plans with respect to exploration or development
projects or capital expenditures; the uncertainty of reserve
estimates; the uncertainty of estimates and projections relating to
production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed 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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