high-grade world-class silver ore body
Coeur d' Alene mining district - Big Creek Canyon, Idaho
Message: Korelin Joins Advisory Board
| January 26, 2009 |
| SNS Silver Corp.: Korelin Joins Advisory Board |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - SNS Silver Corp. ("SNS" or the "Company") (TSX VENTURE:SNS) is pleased to announce the appointment of Alexander B. (Al) Korelin to the Company's board of advisors, effective Monday, January 26th, 2009. Mr. Korelin has worked with mining and resource companies for the past twenty years as both an advisor and a Director and he has been involved with the Silver Valley Mining Association in Idaho for the past five years. Mr. Korelin founded A.B. Korelin and Associates, specializing in U.S. Securities and Exchange Commission regulatory compliance filing for foreign-based public mining companies. Mr. Korelin is also the host of the Korelin Economics Report, an internationally syndicated radio program dealing with finance and politics. Mr. Korelin holds an MBA from the University of Puget Sound in Finance and International Trade and a Bachelor of Arts Degree in Economics. Mr. Greenway stated, "We are very excited to welcome Al to our team at SNS. His range of financial knowledge and market experience will play an important role in leading our team through our growth ahead." The Company expects SRK Consulting to complete the resource report by February, 2009. SNS Silver Corporation (TSX VENTURE:SNS) 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. Silver Wheaton currently owns approximately 12%. The Company has approximately $3.2 million in cash in addition to the outstanding $2.0 million receivable from Andover Ventures. 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. |
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