VANCOUVER, April 23 /CNW/ - SNS Silver has signed a contract for
Atlas-Faucet Contracting (AFC) to begin rehabilitation of the Hooper Tunnel.
AFC provides a variety of services, including site evaluation, feasibility
studies, trouble-shooting and consultation prior to the undertaking of
exploration, mine development and rehab and underground drilling work. AFC
projects include all types of underground mine development, rehabilitation and
specialized civil construction. AFC crews are experienced and have the
required licenses to work in Idaho. AFC operates under a permit from the Mine
Safety and Health Administration and also possesses a permit to handle
explosives from the Bureau of Alcohol, Tobacco and Firearms. Over the last two
weeks material has been staged at the mouth of the Hooper Tunnel on the sight
of the Crescent Silver Mine and the excavation and rehab of the Hooper Tunnel
has begun. The hoist room is approximately 1 mile into the mountain we expect
the rehabilitation to be completed within 3 to 6 months. It is impossible to
tell accurately although there was a safety test done back in the 1990's by a
Mine Rescue team in Kellogg where there was only one single partial slough.
The team during their safety training was able to get by and reach the hoist
room. Today as we begin, the Hooper tunnel has a tight slough at about 100
feet in and once AFC gets through the slough, we will have a better idea of
how long that will take AFC to reach the hoist room. We will be providing
ongoing updates of the process.
Diamond drill sites will be constructed at appropriate locations as the
crew moves forward through the tunnel. These will be used for drilling veins
above and below the Hooper level. Timing for drilling below the Hooper Tunnel
is dependent on how rapidly the Hooper Tunnel can be rehabilitated. Currently
Brian White staff geologist for SNS has been working on an underground drill
program which will consist of over 100,000 feet of drilling.
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
national 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: David Greenway, Vice President Corporate
Development, (604) 689-0896 or 1-800-663-4567 or email email@example.com or go