SNS Provides Exploration Update on its Ontario and Idaho Properties
01 9월 2010 - 1:33AM
Marketwired
SNS Precious Metals Inc. (TSX VENTURE: SNS) (previously "SNS Silver
Corp.") ("SNS" or "the company") is pleased to provide an update on
its projects and exploration plans on its gold and silver
properties located in Ontario and Idaho.
A NI 43-101 compliant technical report is being prepared for the
Emerald Lake property in Northern Ontario and will be completed in
early September. SNS also plans to commence a minimum 1,500 to
2,000 m diamond drill program which is scheduled for mid-October,
2010. The basis for both the NI 43-101 and the Phase 2 drill
program is the Phase 1 drill program conducted at Emerald Lake this
past winter. That drilling encountered several high grade gold
intersections; the best of which were 171 g/t (5 oz/ton) over 6
feet in hole GR09-29 and 55 g/t (1.6 oz/ton) over 2 feet in hole
GR09-23. The lengths reported are drill intersected core lengths
and do not represent true widths. The phase one program consisted
of 6,717 m of drilling in 30 drill holes. The phase 1 data has been
entered into a three dimensional model which will be part of the NI
43-101 as well as the basis for siting drill holes. The phase 2
program will consist primarily of infill drilling designed to
intersect the projected extension of the "core" zone" below the
historical mine workings. The Emerald Lake property consists of 32
contiguous staked mining claims containing 33 units approximately
528 Ha in area, as well as 8 contiguous leased mining claims
containing 20.66 units and approximately 330.53 Ha in area.
In Idaho, United Mining Group, Inc. is in the process of
bringing the Crescent Silver Mine back into production. They are
presently completing a new portal into the upper country of the
Crescent Mine and rehabilitating sections of the Hooper tunnel. The
completed ramp is expected to provide access to the Alhambra Vein
and the South Vein silver resource in the upper country of the
Crescent property that was delineated by earlier SNS drill
programs. United Mining Group has an option to acquire an 80%
interest in the Crescent Mine from SNS
(http://www.unitedmininggroup.com/news-2010-07-10.php). The
Crescent Mine is located in the Coeur d'Alene Mining District, the
second largest silver district in the world, between the historic
Sunshine and Bunker Hill Mines.
SNS is also currently seeking additional precious metal
properties to add to its portfolio.
Joerg Kleinboeck, P.Geo., is the designated qualified person
responsible for the preparation of this news release.
SNS PRECIOUS METALS INC.
David Greenway, President
SOURCE: SNS Precious Metals Inc.
This press release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Security
Exchange Act of 1934, and involves a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission.
All statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Contacts: SNS Precious Metals Inc. David Greenway (604) 689-0896
or Toll Free: 1-800-663-4567 dg@snssilver.com
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