Update on Zacatecas...Silver Sun Resource Corp. - Yale's partner in Zacatecas - has released results from their second and third phases of work on the Mina San Jose, Zacatecas and Salvador properties. Silver Sun now has sufficient expenditures in Zacatecas to fulfill the work commitments as per the terms of the agreement (see news release dated Jan. 14, 2009). To complete the agreement Silver Sun must pay Yale $100,000 and issue an additional 300,000 shares. Silver Sun's news release is included below:
Vancouver, BC, June 18th, 2009 -- Silver Sun Resource Corp. is announcing that it has completed its Phase II drilling program at the Mina San Jose target in Zacatecas, Mexico. Six holes totaling 712.25 meters were drilled. Highlights of the six holes were two drill holes: MSJ-05 returning average Au 0.52 g/t, Ag 194 g/t and Zn 7.5% over 2.14 meters true width; and drill hole MSJ-10 returning average Au 0.4 g/t, Ag 213 g/t and Zn 3.93% over 0.70 meters true width.
The company went on to further complete a Phase III survey, trenching and sampling program of the mineralized dumps on the Zacatecas and Salvador properties. Results from the surveying company Plottexpres of Guadalupe, Zac. Mexico revealed 40,885 tonnes of mineralized dumps exist. Seventy-four (74) samples were tested and returned a weighted average grade of 244 g/t Ag.
As of June 10th, 2009, Silver Sun has completed its minimum required expenditures to earn 100% of Yale Resources (TSX-V: YLL) ownership of the Salvador, Zacatecas and Mina San Jose properties (see Yale news release dated January 14th, 2009). The Company will announce its decision shortly.
Ian Foreman, P. Geo., is the Qualified Person for the Mina San Jose, Zacatecas and Salvador properties according to NI 43-101 and has reviewed this news release. All samples in this news release were shipped to the ALS Chemex preparation lab in Zacatecas (Mexico) and the pulps were then shipped to the ALS Chemex Lab in North Vancouver.
For further information, please contact the Company at 604-678-2531 ext. 226.
On behalf of the Board of Directors,
"Mark A. McLeary"
Mark A. McLeary
President/CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements