Silver Sun Corp to begin milling work at Cherry Hill gold mine

Silver Sun Resource Corp. will commence  milling of the stockpiled material from the Cherry Hill gold mine on Friday at the gravity and floatation circuit mill in Grants Pass, Oregon.

Approximately 200 tons of the initial 2,000 tons of material will be processed over a two day period in order to determine the best methods for optimal recovery of gold and silver. In addition processing of this initial batch of throughput will quantify the amounts, if any, of deleterious elements present in the tailings.

Concentrates from the mill will be shipped to a refinery in Sparks, Nevada, where both the Company and the refiner will have fire assays completed to establish the grade of the concentrate for final pricing. Prices for all metals purchased by the refiner will be set based on the final bid price from the London Bullion Market. Final pricing will be settled as of the next business day upon the Company’s signed Settlement Summary. Final valuation of the concentrates will be determined primarily by the assayed grade of the Au concentrate and any elevated levels of certain elements that require additional scrubbing and/or disposal.

Anticipated free gold recovered will be melted into 10 oz. “dore” bars, which will then be analyzed by a recognized laboratory that will provide a certificated of grade; then sold to a purchasing agency provided through the International Precious Metals Institute (IPMI).

The Company will announce the results of the milling and assays as they become available. – BullionStreet

Tags: Cherry Hill gold mine, Silver Sun Corp

Posted by Silver Guru on Jan 21 2012. Filed under Silver mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry