VANCOUVER, April 5 /CNW/ - SNS Silver Corp has filed their National Instrument 43-101 "Technical Report on the Crescent Mine" written by Marvin A. Mitchell, P.Eng. The 43-101 can be viewed under the SEDAR (www.sedar.com).
SNS Silver Corp owns 100% of the Crescent Mine in the Coeur d'Alene mining district. The Crescent Mine is a historic high-grade silver producer. From 1917-1982 the property produced 25 million ounces of Silver at an average grade of 27.3 ounces per ton. Prior to its last shut down in the 80's, previous operators of the Crescent Mine reported over 9 million ounces of silver resources at an average grade of 18 ounces per ton.
The property lies between two world-class silver producers, the Sunshine Mine, which has produced more than 300 million ounces of silver, and the Bunker Hill Mine, which has produced over 150 million ounces of Silver. The Coeur d'Alene district is the only known mining district in North America to have produced over 1 billion ounces of silver.
SNS Silver Corp (SNS) trades on the TSX-V under the symbol SNS. The Company has approximately 28.5 million shares outstanding and cash on deposit of $9,100,000.
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.
%SEDAR: 00009233E