high-grade world-class silver ore body
Coeur d' Alene mining district - Big Creek Canyon, Idaho
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| 3/3/2008 8:33:06 AM ET |
News Release Index |
| SNS Silver Corp Completes 11,285 feet of drilling at Ellis Shaft | |
| NEWS RELEASE March 3rd , 2008 NEWS RELEASE March 3rd, 2008 TSX-V Trading Symbol: SNS Vancouver, B.C. March 3, 2008– SNS Silver Corporation (“SNS” or the “Company”) (TSX-V: SNS) is pleased to announce completion of 11,285 feet of drilling at its first underground drill station in the historic Crescent Mine. Drilling commenced January 3rd of 2008 at the Ellis Shaft drill station located in the footwall of the Alhambra Fault. Drilling has been targeted through the fault to the South Vein structure into an area approximately 2,000 feet east and 1,000 ft below the discovery holes drilled from the surface in 2007. The company expects that results of the first drill station should be released in the middle of March and further results will continue throughout 2008. Access to the Ellis Shaft drill station was made possible by the completion of rehabilitation work in the Hooper Tunnel which provides access from the surface to the historic production areas of the Crescent Mine. Rehabilitation work continues in the Big Creek No. 4 /Lower Alhambra tunnels, located approximately 500 ft above the Hooper Tunnel level, which will provide additional access from the surface into the current underground exploration areas as well as secondary escape ways. Restoration of these historic workings will significantly reduce the time required to for production development in the event any of last year’s discoveries prove to be economically viable. Currently, Kettle Drilling Inc., is moving the core drill 1,000 ft. west to a location midway between the Ellis Shaft drill station and the 2007 discovery area, where it will continue to explore new areas on the Alhambra and South Vein structures from the Hooper Raise drill station. Kettle is using an Atlas Copco U8O3 core drill which is capable of depths of over 4,000 feet. Kettle has now completed 11,285 feet of its 100,000-foot underground drill contract. Atlas Fausett Contracting continues to advance the West Hooper drift approximately 300 ft. per month along the Alhambra Fault Structure which has been the source of most of the Crescent Mines historic production of more than 25 million ounces of silver from ore with an average grade of 27.3 ounces per ton. Total drift advance is approximately 450 ft to date. Samples are being taken out of each ore car from each round blasted, results are currently pending. SNS Silver Corporation (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 40 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. FOR FURTHER INFORMATION PLEASE CONTACT: SNS Silver Corp. David Greenway Vice President, Corporate Development (604) 689-0896 or Toll Free 1-800-663-4567. Email: dg@snssilver.com Website: www.snssilver.com Historical 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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