Silver Sun Resource Corp (fka SSU)

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S&P Capital IQ Initiates Coverage on Silver Sun Resource Corp. in Standard & Poor’s Factual Stock Reports
11/21/2011 @ 9:00AM - Source : Business Wire

S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Silver Sun Resource Corp.

Silver Sun Resource Corp. (TSXV:SSU) engages in the acquisition, exploration, and development of precious metal deposits in North America. The company is in the final stages of development of its gold project in Yreka, California and is engaged in an on-going work program on the Zacatecas, Salvador, and Mina San Jose properties located within the prolific Zacatecas Silver District in Mexico, as well as its newly acquired Yoreme Silver Project in the mining district of Alamos, Sonora State, Mexico.

On August 24, 2011, Silver Sun reported that they have obtained the necessary licenses and permits required to begin development work at the Cherry Hill Gold Mine. Development work will start with the creation of a refuge chamber as well as areas for the explosives magazine and blasting caps. This development work, as a requirement of the Mine Safety and Health Administration (MSHA), will allow the Company to expand its understanding of the underground geometry of the Queen Vein as approximately 105 feet of cross cuts are planned. These cross cuts outside of the vein will also provide the Company with stations where underground drilling can be conducted in the future to test the down-dip extensions of the vein.

On October 27, 2011, SSU announced that production had commenced at the Cherry Hill Gold Mine. Initially, operations will focus on accessing the main zone of mineralization in the Q4 portal. The Q4 i-drift is being developed on the vein where initial production is planned. Production may increase over time as additional mining faces and raises are developed. The company is currently stockpiling the mineralized material at their secured storage facility and expects to begin trucking the throughput to the Merlin mill, which is located approximately 90 miles north in Grants Pass, Oregon, by mid-November.

Standard & Poor’s Factual Stock Report coverage on Silver Sun Resource Corp. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.silversunresource.com for additional information.

About Standard & Poor's Factual Stock Reports

Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

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