Independent Resource Estimate for Crescent Project

 

VANCOUVER, BC - SNS Silver Corporation has completed a NI 43-101 resource estimate on its Crescent Property near Kellogg, Idaho. The mineral resource estimate is 6.1 million ounces of silver in the indicated category, and 4.1 million ounces of silver in the inferred category.

 

The resource blocks are located in two steep, narrow vein systems, the South vein and the Alhambra vein, that lie about one thousand feet apart. The resource blocks lie entirely above the main haulage level of the mine, and extend upward to near surface. Much of the historic production of 25 million ounces silver from the Crescent Mine has been from the Alhambra vein system at depth. The South vein has no production history, and the drilling completed to date indicates that the mineralization remains open at depth.

The resource estimation is based on block modeling of intercepts from one hundred diamond drill holes totaling 103,000 feet completed during 2007 and 2008. The grade estimate was completed using the inverse distance squared weighting algorithm within wire framed solids defining the vein limits.

SNS's President and CEO, David Greenway, stated, "We are pleased with these initial resource numbers, as this resource is just the starting point for continued exploration at the Crescent. With the resource blocks identified, the next step we have begun is an internal scoping process to develop a sustainable production scenario."

SNS Silver is an exploration mining company, whose assets include a number of near term production projects in Idaha. The 100% owned Crescent Mine consists of 24 patented mining claims over approximately 350 acres. A comprehensive drill and mine rehabilitation program was completed in 2008 and production will supplement the company's operations at its recently acquired Sunshine Mine. These adjacent properties operated independently to produce nearly 400 million ozs of silver historically and their recent merger is expected to enhance exploration opportunities on their once disputed boundary. SNS also benefits from a partnership arrangement with Premium Exploration Ltd. to jointly develop two near term gold production projects in central Idaho; Buffalo Gulch and Friday/Petsite.

The company’s address is 1207-409 Granville Street, Vancouver, BC V6C 1T2, 604-689-0896, fax: 604-688-4933, email: [email protected].