Silver Sun Begins Milling Material From Cherry Hill, Oregon
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Silver Sun Resource has announced that milling of the stockpiled material from the Cherry Hill gold mine will begin at the gravity and floatation circuit mill in Grants Pass, Oregon.
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, Nevada, 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 oz. “dore” bars, which will then be analyzed by a recognized laboratory that will provide a certificated of grade; then sold to a purchasing agency provided through the International Precious Metals Institute.
About Silver Sun Resource
Silver Sun Resource is a Canadian-based resource company focused on the acquisition, exploration and development of precious metal deposits in North America. The company is in the production stage with its gold project in Yreka, California and engaged in an on-going work program on the Zacatecas, Salvador, and Mina San Jose properties located within the prolific Zacatecas Silver District in Mexico, as well as its Yoreme Silver Project in the mining district of Alamos, Sonora State, Mexico. The company has an experienced management team with a growth strategy to develop a diversified portfolio of mining projects that can be taken to production in the near-term. The company’s design is to add shareholder value through efficient exploration, strategic acquisitions and effective marketing while maintaining a low risk profile through project diversification and sound financial management.
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