TSX-V : GFN
SNS Precious Metals Corp Welcomes Charles Pitcher P.Eng.to the Board of Directors
February 24, 2009
Mr. David Greenway, President and Chief Executive Officer of SNS Precious Metals. ("SNS" or the "Company") (TSX-V: SNS) announces the appointment of Mr. Charles G Pitcher, P.Eng. to the Company's Board of Directors Mr. Pitcher is a graduate of the Colorado School of Mines with 40 years of experience in mine operations, engineering and corporate management. He has built successful teams for the mine management and operations in both developed and developing regions of the world, notably Kazakhstan, D R Congo and Ghana. He was more recently President and CEO of Western Canadian Coal Corp in the development of the Northeast coal deposits for the Company and remains a director.
Additionally, Mr. Pitcher will assume the role of Chairman of the Advisory Committee. His experience in project management and development will greatly assist in the continued exploration of the Company's Crescent Mine and the near term production potential of the proposed acquisition of the Sunshine Mine.
Mr. Greenway commented, ``this appointment solidifies our commitment to long term production opportunities in the silver valley. Consolidating the Crescent and Sunshine Mine`s will provide the required feed to maintain mill operations and cash slow while the company continues to expand its exploration and growth potential``.
The company announces it has granted 500,000 options at the price of $0.22 per share to officers and Directors and consultants of the company,
SNS Precious Metals (SNS: TSX-V) is an exploration mining company, whose primary asset is the 100% owned Crescent Mine located in Kellogg, Idaho - one of the largest silver districts in North America with over one billion ounces of silver produced. The property consists of 24 patented mining claims over approximately 350 acres, alongside 40 acres of surface rights. Silver Wheaton currently owns approximately 12%. The Company has approximately $3 million in cash in addition to the outstanding $2.0 million receivable from Andover Ventures.
FOR FURTHER INFORMATION PLEASE CONTACT:
SNS Precious Metals. David Greenway, President/CEO (604) 689-0896 or Toll Free 1-800-663-4567 Cell 208-819-6108. Email: email@example.com Website: www.snssilver.com
Historical resource estimates quoted herein are based on data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to independently verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as National Instrument 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon. The Crescent Mine will require considerable further evaluation, which the Company's management and consultants are in the process of completing. The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.