SNS Silver Corp.

SNS Silver Corp.

April 28, 2010 08:00 ET

SNS Silver Drills High Grade Gold Intersection, Cuts 171 g/t (5 oz/ton) of Gold over 6 feet at the Emerald Lake Project in Northern Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2010) - SNS Silver Corp. (TSX VENTURE:SNS) is pleased to report that partial assays have been received from hole GR09-29 at the Emerald Lake gold project in northern Ontario, Canada.

Highlights from drill hole GR09-29 include a high grade intersection of 8 ft (from 822 to 830 ft) averaging 131 g/t (3.82 oz/t) gold, containing a 6 ft interval (from 824 to 830) averaging 171 g/t (4.99 oz/t) gold.

Drill hole GR09-29 was targeted to intersect an area adjacent to historic underground gold workings, which have not been mined since the 1930's. The hole cut a well mineralized section of the banded iron formation typical of the Golden Rose Mine "core zone" before breaking through into the historic mine workings. Additional drilling will likely be targeted in this area during the second phase of the drilling program.

The assays in the table below are from a first-pass sampling of the mineralized envelope. Additional samples were submitted yesterday, April 26th to ALS Chemex labs to fill in gaps and results will be available in approximately 2 weeks.

Table 1: Assays (to date) on hole GR09-29:

Sample No From To Length Au
  feet feet feet g/t
ASSAYS PENDING 700.00 708.00 8.00  
I343097 708.00 709.00 1.00 0.080
ASSAYS PENDING 709.00 712.00 3.00  
I343098 712.00 715.00 3.00 0.070
ASSAYS PENDING 715.00 744.00 29.00  
I343099 744.00 746.00 2.00 0.570
I343100 BLANK SAMPLE   0.006
I343101 746.00 749.00 3.00 0.071
I343102 749.00 752.00 3.00 0.141
I343103 752.00 755.00 3.00 0.075
I343104 755.00 758.00 3.00 0.271
I343105 758.00 761.00 3.00 1.630
I343106 761.00 764.00 3.00 0.073
I343107 764.00 766.00 2.00 0.680
ASSAYS PENDING 766.00 768.00 2.00  
I343108 768.00 771.00 3.00 1.015
ASSAYS PENDING 771.00 773.50 2.50  
I343109 773.50 776.00 2.50 7.090
ASSAYS PENDING 776.00 790.00 14.00  
I343110 790.00 793.00 3.00 1.780
I343111 793.00 796.00 3.00 0.060
I343112 796.00 798.00 2.00 1.420
I343113 798.00 800.00 2.00 0.340
ASSAYS PENDING 800.00 811.00 11.00  
I343114 811.00 813.50 2.50 6.120
ASSAYS PENDING 813.50 822.00 8.50  
I343115 822.00 824.00 2.00 10.150
I343116 824.00 827.00 3.00 180.000
I343117 827.00 830.00 3.00 162.000
END OF HOLE AT 830 FEET (Old Mine Workings)        

Note: Reported widths are drilled core lengths; true widths are unknown at this time. Assays are being performed by ASL Chemex and SGS Labs.

Assays will be received during the next two months on a number of other holes that were drilled to confirm the grades and locations of historic mineralization in the Golden Rose mine, and to determine the extent of mineralization up and down dip, as well as east along strike.

Commenting on the results, CEO David Greenway stated, "These assays confirm the existence of extraordinarily high grades in areas adjacent to the historic mine workings. We are anxious to receive assays on the sampling gaps within this zone, and on other holes that will help determine the extent of mineralization along strike and down dip."

Greenway continued on, "The company anxiously awaits the results of more holes which carried the same visualized mineralization as hole 29. Two holes which showed more mineralization than hole 29 are in the lab right now, these sort numbers confirm our thoughts that the historical high grade ore body carries on with strike and width beyond the old workings, the company has made a new high grade gold discovery and looks forward to bringing its shareholder continued good news."

QA/QC Procedures

SNS Silver has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling, analysis and preservation of the drill core. This will ensure timely, accurate and comprehensive analysis of all ongoing geological work at the project.

All drill core is logged, photographed, and cut on-site with a diamond saw. Half of the core is submitted for analysis to ALS Laboratory Group, in Sudbury, Ontario, "an ISO 9001:2000" accredited laboratory. Lab protocols include fire assay for Au with an AA finish on a crushed and pulverized sub-sample. The MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this protocol. Above the UDL a gravimetric method is used for determination on high concentrations. Where high gold values are suspected the samples are processed using a "Screen Fire Assay" procedure in order to ensure that there is no bias due to the presence of coarse gold. Under this procedure the entire sample is pulverized, and screened to 100 microns. The entire sample above 100 microns is fire assayed and two splits from the sample below 100 microns are also fire assayed and weight averaged to arrive at the final assay value.

Internal Lab Quality Control consists of a repeat of every tenth sample, and for every 20 samples run, a standard and a blank sample are analyzed. An additional quality control program has been implemented by the Company using certified control standards, and coarse field blanks that are randomly inserted into the sample stream. A program of analysis of duplicate samples has begun and is ongoing.

Mr. Stephen Mlot, P. Eng., is the qualified person for the Company as defined by National Instrument 43-101 who has reviewed the contents of this release.

We Seek Safe Harbor

SNS Silver Corporation (TSX VENTURE:SNS) is an exploration mining company, whose assets include a number of near term production projects in geopolitically secure Idaho, USA. The 100% owned Crescent Mine consists of 24 patented mining claims over approximately 350 acres. 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.

This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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