02 Dec 2010 08:00 ET
MarketwireSilver Sun Resource Corp.December 2, 2010 - 08:00:00 AMSilver Sun Samples 1,768.6 g/t Silver Over 2.0m on Yoreme AcquisitionVANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2010) - Silver Sun ResourceCorp. (TSX VENTURE:SSU) ("Silver Sun" or "the Company") is pleased to announcethat it has entered into a mineral property purchase agreement with MaggioreCapital Limited pursuant to which the Company has acquired one hundred percent(100%) right, title and interest in the Yoreme mineral claim (the "Property").The Property is 400 hectares in size and is located in the Municipality ofAlamos, state of Sonora, Mexico. The Yoreme Property covers the San Manuel silver/lead/zinc vein, which hasbeen traced for 500 metres. The San Manuel vein is the southwestern moststructure in the Alamos Mining district - one of the oldest mining districtsin Sonora. The Project is approximately 47 km northwest of PanamericanSilver's Alamo Dorado silver mine.Initial sampling performed by Company's Mexican subsidiary retuned thefollowing values:----------------------------------------------------------------------------Sample Type Width (m) Ag (g/t) Pb (%) Zn (%) ----------------------------------------------------------------------------37459 Rock 2.0 569.3 1.63 6.04----------------------------------------------------------------------------37460 Dump - 1,259.6 0.97 2.61----------------------------------------------------------------------------37461 Rock 2.0 1,768.6 0.29 0.74----------------------------------------------------------------------------37462 Rock 1.0 82.7 0.05 0.51----------------------------------------------------------------------------37464 Dump - 85.9 2.02 2.62----------------------------------------------------------------------------37465 Rock 1.0 1,825.7 0.18 0.31----------------------------------------------------------------------------Follow-up sampling performed in conjunction with a technical report returned:- 256.0 g/t silver over 1.96 m;- 262.0 g/t silver over 1.8 m; and - 126.0 g/t silver over 2.6 m.Consideration paid to Maggiore Capital will be 2,500,000 common shares of theCompany on the 10th business day following receipt of the requisite TSXVenture Exchange approval for the transaction. The Company has agreed to pay200,000 shares as a finders' fee.Robert van Egmond, P.Geo, is the company's Qualified Person as defined byNational Instrument 43-101, who is responsible for monitoring the supervisionand quality control of Silver Sun's exploration programs and who has reviewedand verified the technical information contained in this news release.Samples mentioned in this news release were submitted to ALS Chemex andInspectorate Labs for preparation and analysis in their facilities located inHermosillo, Mexico and Vancouver, Canada. Samples consisted of approximately 2- 4 kg. of material and were analyzed for gold by 30g fire assay and 40element ICP. Over-limits in silver, lead and zinc were re-analyzed using 'oregrade' analysis.About Silver Sun Resource Corp.Silver Sun is a Canadian-based resource company focused on the acquisition andexploration of precious metal deposits in Mexico. The Company is engaged in anon-going work program on the Zacatecas, Salvador and Mina San Jose properties,located within the prolific Zacatecas Silver District in Mexico. The Companyhas an experienced management team with a growth strategy to develop adiversified portfolio of mining projects.ON BEHALF OF THE BOARD OF DIRECTORS Mark A. McLeary, PresidentForward Looking StatementsThe reader is cautioned that the potential quantity and grade of the regionalexploration target is conceptual in nature; it is uncertain if furtherexploration will result in the exploration target being delineated as amineral resource and there is no guarantee that these resources, ifdelineated, will be economic or sufficient to support a commercial miningoperation. The Company's production objectives are intended to provide anindication of management's current expectations and are still conceptual innature. It is uncertain that it will be established that these resources willbe converted into economically viable mining reserves. Until a feasibilitystudy has been completed, there is no certainty that these objectives will bemet.This release may contain forward-looking statements including management'sassessments of future plans and operations, and expectations of futureproduction. These statements are based on current expectations that involve anumber of risks and uncertainties, which could cause actual results to differmaterially from those anticipated. These risks include, but are not limitedto, the risks associated with the mining and exploration industry (e.g.operational risks in development, exploration and production; delays orchanges in plans with respect to exploration or development projects orcapital expenditures; the uncertainty of reserve estimates; the uncertainty ofestimates and projections relating to production and the uncertainty of theavailability of capital). The assumptions used in the preparation of suchstatements, although considered reasonable at the time of preparation, mayprove to be imprecise and, as such, undue reliance should not be placed onforward-looking statements.FOR FURTHER INFORMATION PLEASE CONTACT: Silver Sun Resource Corp. Mark A. McLeary President (604) 678-2531 Neither TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release |