PHOENIX, Nov. 7, 2011 (GLOBE NEWSWIRE) -- Silver Horn Mining Ltd., (OTCBB:SILV) ("Silver Horn" or the "Company") is pleased to announce that it has completed a preliminary exploration program of its AMY Claims in the Wallapai District of Mohave County, Arizona. Chemical assay of 25 hand samples yielded an average of 3.09 oz/ton of silver. Of these samples, 7 were taken from vein structures, yielding an average 6.87 oz/ton of silver.
The Wallapai District not only has a rich history of silver mining, but is also home to active mining operations. For example, for the year ending December 31, 2010, the Mineral Park Mine, located just 1 mile to the northwest of Silver Horn's AMY claims, produced 456,736 ounces of silver. Silver Horn is not associated with Mineral Park Mine.
Silver Horn's AMY Claims overlie rich veins which were mined as recently as 1982 by Alanco, with reported workings to the 800-foot level. Even more recently, a 2009 report produced by Duncan Bain, P.Geo. for US Canadian Minerals, reported ore grades of 13.51 oz/ton.
Silver Horn's preliminary exploration program consisted of collecting hand-sized mineral samples for chemical analysis. The 25 hand samples consisted of both mineralized vein structures and tailings from historic workings within and adjacent to Silver Horn's AMY claims. A representative sample was collected from each claim. Samples were shipped to ALS Minerals of Reno, Nevada for chemical assay analysis, the results of which can be found by clicking the link below.
For a full chart of sample results click here.
Based on the results of the preliminary exploration, Silver Horn is developing plans to conduct a comprehensive exploration program, which could include drilling and geophysical surveys. Additionally, Silver Horn is looking for opportunities to expand its land holdings in the district.
Silver Horn President Daniel Bleak stated, "We are pleased with the encouraging initial exploration results and look forward to future exploration and drilling. We consider our mining claims in the Wallapai District, a rich silver producing region, to be a strategic launching point as we continue to develop and expand as a company."
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others: general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission including the Company's Quarterly Report for the period ended June 30, 2011, the Company's Registration Statement on Form S-1 filed on October 7, 2011 and each subsequently filed Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.