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Silver Sun begins trucking Cherry Hill material to mill
2012-10-03 09:24 ET - News Release
Mr. Mark McLeary reports
SILVER SUN TO BEGIN MILLING MATERIAL FROM CHERRY HILL GOLD MINE
Silver Sun Resource Corp. has begun to truck 1,000 tons of mineralized material to Grants Pass, Ore., for immediate processing at the Merlin contract mill.
Trucking and milling are anticipated to take approximately 30 days. Upon completion, the gravity and floatation circuit concentrates will be delivered to Just Refiners of Sparks, Nev. Just Refiners and the company's representative, Inspectorate Labs, will then assay the concentrates for gold content. Upon agreeing to the average saleable grade (and thus, gold content at minimum three ounces per ton) for the concentrates, final sale is expected within 21 days thereafter.
"Over the past few months, we have continued to expanded the mine's efficiency by increasing the main working drift to 10 feet by 10 feet and going to a trackless, rubber-tire system," stated company president, Mark McLeary. "This more-efficient system of underground mining may allow the company to expand its production capabilities beyond 1,000 tons per month if desired. As well, during this period of time, we continued to provide mine tours to brokers, investors and analysts each month to personally showcase our continued efforts at Cherry Hill to the investing community."
In January, the company processed 210 tons of mineralized material from the Cherry Hill mine at its contract mill (see news release dated Jan. 19, 2012) to determine the best methods for optimal recovery of precious metals as well as to quantify the amounts, if any, of deleterious elements present in the tailings. The results (see news release dated March 1, 2012) provided the company with sufficient information to begin ramping up production to 1,000 tons per month.
We seek Safe Harbor.
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