TSX-V Trading Symbol: SNS
VANCOUVER, April 27 /CNW/ - SNS Silver Corporation ("SNS Silver" or the "Company") (TSX-V: SNS) is pleased to welcome Norm Radford to the advisory board.
Mr. Radford, a 1955 graduate in Geological Engineering from the University Of Idaho College Of Mines, has extensive geological engineering, exploration and mining experience, particularly in the Coeur d'Alene Mining District. For sixteen years, Mr. Radford was Senior Mine Geologist at the Bunker Hill Mine - immediately west of the Crescent Mine - and was the Acting Chief Mine Geologist for three years. Mr. Radford performed geologic and engineering work on the Crescent Mine during the period of Bunker Hill Co. ownership.
Since 2002, Mr. Radford has been a board member of Idaho General Mines. Mr. Radford has also served as a board member of the Idaho State Board of Registration for Professional Geologists - serving as board chairman for three years. Mr. Radford is a Registered Professional Geologist in Idaho and a full member of the American Institute of Mining Engineers.
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 (SNS) trades on the TSX-V under the symbol SNS. The Company has approximately 28.2 million shares outstanding and approximately $9.0 million cash on hand.
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.
This press release does not constitute an offer to sell, or a solicitation of an offer to sell, any of the foregoing securities in the United States. None of the foregoing securities have been and, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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