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TSX-V Trading Symbol: SNS
VANCOUVER, Aug. 9 /CNW/ - SNS Silver Corporation (TSX-V: SNS) ("SNS") reports continued progress at the Crescent Mine. SNS has completed the drilling of 10 holes in the upper country of the Crescent Mine approximating 12,000 feet of core. SNS is currently waiting on assay results.
In addition to the Hagby 1500 drill, Kettle Drilling has added state-of-the-art U8-PHC core drills-with a depth capacity of over 4000 feet-and will be used for both surface and underground drill programs. The drills have been running round-the-clock shifts, averaging 600 feet per day.
Rehabilitation of the Hooper Tunnel is nearing completion, expected within a few weeks while ventilation and electrical power is restored to the full extent of the shaft. Rehabilitation of Big Creek No.4 portal is underway by United Mine Services Inc., which will be used for ventilation and as a secondary escape way from the Hooper Tunnel.
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.
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