SNS Silver Drills High Grade Gold Intersection, Cuts 171 g/t (5 oz/ton) of Gold over 6 feet at the Emerald Lake Project in North
28 Aprile 2010 - 2:00PM
Marketwired Canada
SNS Silver Corp. (TSX VENTURE:SNS) is pleased to report that partial assays have
been received from hole GR09-29 at the Emerald Lake gold project in northern
Ontario, Canada.
Highlights from drill hole GR09-29 include a high grade intersection of 8 ft
(from 822 to 830 ft) averaging 131 g/t (3.82 oz/t) gold, containing a 6 ft
interval (from 824 to 830) averaging 171 g/t (4.99 oz/t) gold.
Drill hole GR09-29 was targeted to intersect an area adjacent to historic
underground gold workings, which have not been mined since the 1930's. The hole
cut a well mineralized section of the banded iron formation typical of the
Golden Rose Mine "core zone" before breaking through into the historic mine
workings. Additional drilling will likely be targeted in this area during the
second phase of the drilling program.
The assays in the table below are from a first-pass sampling of the mineralized
envelope. Additional samples were submitted yesterday, April 26th to ALS Chemex
labs to fill in gaps and results will be available in approximately 2 weeks.
Table 1: Assays (to date) on hole GR09-29:
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Sample No From To Length Au
feet feet feet g/t
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ASSAYS PENDING 700.00 708.00 8.00
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I343097 708.00 709.00 1.00 0.080
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ASSAYS PENDING 709.00 712.00 3.00
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I343098 712.00 715.00 3.00 0.070
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ASSAYS PENDING 715.00 744.00 29.00
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I343099 744.00 746.00 2.00 0.570
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I343100 BLANK SAMPLE 0.006
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I343101 746.00 749.00 3.00 0.071
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I343102 749.00 752.00 3.00 0.141
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I343103 752.00 755.00 3.00 0.075
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I343104 755.00 758.00 3.00 0.271
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I343105 758.00 761.00 3.00 1.630
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I343106 761.00 764.00 3.00 0.073
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I343107 764.00 766.00 2.00 0.680
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ASSAYS PENDING 766.00 768.00 2.00
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I343108 768.00 771.00 3.00 1.015
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ASSAYS PENDING 771.00 773.50 2.50
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I343109 773.50 776.00 2.50 7.090
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ASSAYS PENDING 776.00 790.00 14.00
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I343110 790.00 793.00 3.00 1.780
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I343111 793.00 796.00 3.00 0.060
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I343112 796.00 798.00 2.00 1.420
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I343113 798.00 800.00 2.00 0.340
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ASSAYS PENDING 800.00 811.00 11.00
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I343114 811.00 813.50 2.50 6.120
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ASSAYS PENDING 813.50 822.00 8.50
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I343115 822.00 824.00 2.00 10.150
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I343116 824.00 827.00 3.00 180.000
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I343117 827.00 830.00 3.00 162.000
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END OF HOLE AT 830 FEET (Old Mine
Workings)
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Note: Reported widths are drilled core lengths; true widths are unknown at this
time. Assays are being performed by ASL Chemex and SGS Labs.
Assays will be received during the next two months on a number of other holes
that were drilled to confirm the grades and locations of historic mineralization
in the Golden Rose mine, and to determine the extent of mineralization up and
down dip, as well as east along strike.
Commenting on the results, CEO David Greenway stated, "These assays confirm the
existence of extraordinarily high grades in areas adjacent to the historic mine
workings. We are anxious to receive assays on the sampling gaps within this
zone, and on other holes that will help determine the extent of mineralization
along strike and down dip."
Greenway continued on, "The company anxiously awaits the results of more holes
which carried the same visualized mineralization as hole 29. Two holes which
showed more mineralization than hole 29 are in the lab right now, these sort
numbers confirm our thoughts that the historical high grade ore body carries on
with strike and width beyond the old workings, the company has made a new high
grade gold discovery and looks forward to bringing its shareholder continued
good news."
QA/QC Procedures
SNS Silver has implemented a rigorous quality assurance / quality control
(QA/QC) program to ensure best practices in sampling, analysis and preservation
of the drill core. This will ensure timely, accurate and comprehensive analysis
of all ongoing geological work at the project.
All drill core is logged, photographed, and cut on-site with a diamond saw. Half
of the core is submitted for analysis to ALS Laboratory Group, in Sudbury,
Ontario, "an ISO 9001:2000" accredited laboratory. Lab protocols include fire
assay for Au with an AA finish on a crushed and pulverized sub-sample. The MDL
and upper detection limits (UDL) for Au are 5 - 1000 ppb under this protocol.
Above the UDL a gravimetric method is used for determination on high
concentrations. Where high gold values are suspected the samples are processed
using a "Screen Fire Assay" procedure in order to ensure that there is no bias
due to the presence of coarse gold. Under this procedure the entire sample is
pulverized, and screened to 100 microns. The entire sample above 100 microns is
fire assayed and two splits from the sample below 100 microns are also fire
assayed and weight averaged to arrive at the final assay value.
Internal Lab Quality Control consists of a repeat of every tenth sample, and for
every 20 samples run, a standard and a blank sample are analyzed. An additional
quality control program has been implemented by the Company using certified
control standards, and coarse field blanks that are randomly inserted into the
sample stream. A program of analysis of duplicate samples has begun and is
ongoing.
Mr. Stephen Mlot, P. Eng., is the qualified person for the Company as defined by
National Instrument 43-101 who has reviewed the contents of this release.
We Seek Safe Harbor
SNS Silver Corporation (TSX VENTURE:SNS) is an exploration mining company, whose
assets include a number of near term production projects in geopolitically
secure Idaho, USA. The 100% owned Crescent Mine consists of 24 patented mining
claims over approximately 350 acres. These adjacent properties operated
independently to produce nearly 400 million ozs of silver historically and their
recent merger is expected to enhance exploration opportunities on their once
disputed boundary.
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.
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