Milling from Cherry Hill Yields 15.21 oz/T Gold in Concentrate
Vancouver, British Columbia CANADA, March 01, 2012 /FSC/ - Silver Sun Resource Corp. (SSU - TSX Venture, SS6 - FSE, SSUXF - OTCBB), 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.
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Sample ID Weight Au Ag Contained
(lbs) (oz/T)* (oz/T)* ounces
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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
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* 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 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.
SILVER SUN RESOURCE CORP.
Suite 400 - 409 Granville Street
Vancouver, BC, V6C 1T2
Telephone: (604) 678-2531
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/silversun03012012.htm
Source: Silver Sun Resource Corp. (TSXV: SSU) http://www.silversunresource.com
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