TSX-V Trading Symbol: SNS
VANCOUVER, Aug. 23 /CNW/ - SNS Silver Corporation (TSX-V: SNS) ("SNS")
reports continued progress at the Crescent Mine. SNS has completed the
drilling of an additional 5 holes for a total of 15 completed holes in the
upper country of the Crescent Mine approximating 17,500 feet of core. SNS
expects results may be released as early as the beginning of next week. The
three drills from Kettle Drilling continue to run round-the-clock shifts,
averaging 600 feet per day. A building has been constructed and completed
which will be used as a designated core shed.
Rehabilitation of the Hooper Tunnel is now complete and drifting will
commence at the beginning of next week. The rehabilitation of the 2,000 foot
Big Creek No. 4 portal has been completed, with a rail and electrical systems
placed back the whole way. Big Creek No. 4 is used for ventilation of the
Hooper Tunnel and a secondary escape way.
SNS Silver Corp. (SNS: TSX-V) is an exploration mining company, whose
primary asset is the 100% owned Crescent Mine located in Kellogg, Idaho - one
of the largest silver districts in North America with over one billion ounces
of silver produced. The property consists of 24 patented mining claims over
approximately 350 acres, alongside 15 acres of surface rights. The Company
currently has a comprehensive and well-funded drill program underway. Their
main focus is on upper country surface drilling and underground drilling on
the Alhambra and South Veins, as well as restoration of the Hooper Tunnel,
drifting and cross-cutting.
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: SNS Silver Corp., David Greenway, Vice
President, Corporate Development, (604) 689-0896, or Toll Free 1-800-663-4567,
Email: email@example.com, Website: www.snssilver.com