Silver Sun Provides Corporate Update on Cherry Hill Gold Mine
January 05 2012 - 8:52PM
Business Wire
Silver Sun Resource Corp. (“Silver Sun” or “the Company”) is
pleased to confirm that production at the Cherry Hill Gold Mine in
Yreka California is continuing. The Company is currently trucking
and stockpiling approximately 45 ton per day of its throughput in
anticipation of the first milling to begin at the 400 ton per day
Merlin mill in Grants Pass, Oregon, towards the end of January.
“We have been very lucky with the northern California weather”,
stated Silver Sun President, Mark McLeary. “Since there has been
very light snowfall in the area including at the 4,500 foot
elevation of the mine, the Company has been able to continue with
its plan of operations with no significant delays”.
Year end, comprehensive inspections by both the Mine Safety and
Health Administration (MSHA) and the California Occupational Safety
and Health Administration (Cal/OSHA) at the Cherry Hill mine
created 8 days of non-production time prior to the holiday
season.
Underground mining and development work continues with the
extension of the Q4 adit along the vein as well as accessing the
main zone of mineralization in the recently completed Q4-2
i-drift.
The NI 43-101 compliant technical report with respect to the
Cherry Hill project is near completion. Samples taken by Derrick
Strickland, P. Geo, have been submitted to ALS Chemex for assaying
and results are expected shortly together with a finalized
report.
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.
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 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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