06:48:41 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Silver Sun Resource Corp
Symbol SSU
Shares Issued 46,760,000
Close 2012-01-18 C$ 0.365
Market Cap C$ 17,067,400
Recent Sedar Documents

Silver Sun to start milling Cherry Hill material

2012-01-19 09:15 ET - News Release

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.

© 2024 Canjex Publishing Ltd. All rights reserved.