Phoenix, Arizona (PRWEB) October 20, 2011
Silver Horn Mining Ltd., (OTCBB: SILV) is pleased to announce that it has completed a preliminary sampling program of its holdings in the historic Tip Top mining district of Yavapai County, Arizona. Analysis of the thirteen samples collected within and adjacent to Silver Horn’s 36 mining claims in the district yielded an average of 49.5 oz. /ton of silver.
Silver Horn’s holdings encompass the historic 76 mine which is adjacent to the largest producing silver mine in the district. Tip Top was once the most actively explored district in Arizona, other than a few attempts to reactivate the Tip Top mine in the 1920’s and the 1980’s, little exploration has been conducted in the district until the recent rise of silver and gold prices. Historic reports of the 76 mine show samples from the mine cut along the vein at the 180 foot level and at the 100 foot level running from 4.68 oz./ton to 198.12oz./ton, with widths ranging 1.5 to 24 inches.
The company’s current exploration plan includes historic data review along with mapping and sampling of the past producing 76 mine, the Tip Top mine and surrounding areas. Recent mapping indicates a vein at the 76 mine sub parallel to the Tip Top vein with a strike length of about 1 mile.
Thirteen samples collected during the preliminary sampling program were shipped to ALS Minerals of Reno Nevada for analysis. Results from the first phase of sampling are as follows:
The company plans to acquire additional holdings in the Tip Top district to add potential mineral lands to its current 720 acres.
Silver Horn’s President Daniel Bleak stated, “We are pleased with the encouraging initial results of exploration of this past producing silver district and look forward to the future exploration and drilling of this once prolific silver region.”
About Silver Horn Mining Ltd.
Silver Horn Mining Ltd. (“Silver Horn”) is a mining and resources company focused on exploring and developing mineral resources, with an emphasis on silver. Silver Horn’s corporate strength lies in its management’s expertise in the natural resource industry. Silver Horn will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to build core reserves and drive revenues.
For further information please contact:
3346 W. Guadalupe Rd.
Apache Junction, AZ 85120
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause Silver Horn’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although Silver Horn has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.