VANCOUVER, April 2 /CNW/ - SNS Silver Corp. ("SNS" or the "Company") is
pleased to announce that progress is being made at its Crescent Mine
("Crescent") in Idaho. Utilities have now been installed on the property with
water, gas, and telecommunications infrastructure completed. Rehabilitation of
the surface structures is well underway and completion is expected in the next
few weeks. Mine Safety and Health Administration (MSHA) Field Training has
been completed and a training plan has been instituted at the mine for
underground miners as well as surface personnel.
Atlas Fausett Contracting ("Atlas Fausett") has been engaged to commence
the re-opening of the Hooper Tunnel at the Crescent. Over the next one to
three weeks, Atlas Fausett will be staging equipment and performing surface
excavation, prior to any initial underground work. The opening of the Hooper
Tunnel is the first phase of the Company's exploration plans for the Crescent
Mine, which will include up to 41,000 feet of core drilling. The Company has
also hired LFR Environmental to begin efforts on a pollution control plan at
the Crescent and will be submitting it to the Environmental Protection Agency
Additionally, the Company also began efforts to re-open the Big Creek
No. 4 Tunnel ("Big Creek") located directly above the Hooper. Excavation of
the Big Creek surface area is underway and the portal is expected to be open
within the next few days. The Company intends to explore and examine the areas
accessible by Big Creek to determine the potential for near term mining of ore
in the upper portions of the Crescent, previously reported by past operators.
SNS Silver Corp owns 100% of the Crescent Mine in the Coeur d'Alene
mining district. The Crescent Mine is a historic high-grade silver producer.
From 1917-1982 the property produced 25 million ounces of Silver at an average
grade of 27.3 ounces per ton. Prior to its last shut down in the 80's,
previous operators of the Crescent Mine reported over 9 million ounces of
silver resources at an average grade of 18 ounces per ton.
The property lies between two world-class silver producers, the Sunshine
Mine, which has produced more than 300 million ounces of silver, and the
Bunker Hill Mine, which has produced over 150 million ounces of Silver. The
Coeur d'Alene district is the only known mining district in North America to
have produced over 1 billion ounces of silver.
SNS Silver Corp (SNS) trades on the TSX-V under the symbol SNS. The
Company has approximately 28.5 million shares outstanding and cash on deposit
All resource estimates quoted herein are based on data and reports
obtained and prepared by previous operators. The Company has not completed the
work necessary to independently verify the classification of the mineral
resource estimates and is not treating the mineral resource estimates as
ational Instrument 43-101 defined resources verified by a qualified person.
The historical estimates should not be relied upon. The Crescent Mine will
require considerable further evaluation, which the Company's management and
consultants are in the process of completing. The TSX Venture Exchange has not
reviewed and does not accept the responsibility for the adequacy or accuracy
of this news release.
For further information:
For further information: contact David Greenway, Vice President
Corporate Development at (604) 689-0896 or 1-800-663-4567 or email
firstname.lastname@example.org or go to www.snssilver.com