Mr. Mark McLeary reports
SILVER SUN BEGINS MILLING MATERIAL FROM CHERRY HILL
Silver Sun Resource Corp. will begin milling of the stockpiled material from the Cherry Hill
gold mine tomorrow at the gravity and floatation circuit mill
in Grants Pass, Ore.
Approximately 200 tons of the initial 2,000 tons of material will be
processed over a two-day period in order to determine the best methods
for optimal recovery of gold and silver. In addition, processing of this
initial batch of throughput will quantify the amounts, if any, of
deleterious elements present in the tailings.
Concentrates from the mill will be shipped to a refinery in Sparks,
Nev., where both the company and the refiner will have fire assays
completed to establish the grade of the concentrate for final pricing.
Prices for all metals purchased by the refiner will be set based on the
final bid price from the London Bullion Market. Final pricing will be
settled as of the next business day upon the company's signed settlement
summary. Final valuation of the concentrates will be determined
primarily by the assayed grade of the Au concentrate and any elevated
levels of certain elements that require additional scrubbing and/or
disposal.
Anticipated free gold recovered will be melted into 10-ounce dore bars,
which will then be analyzed by a recognized laboratory that will provide
a certificate of grade, then sold to a purchasing agency provided
through the International Precious Metals Institute.
The company will announce the results of the milling and assays as they
become available.
We seek Safe Harbor.
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