VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Silverstone Resources Corp. (TSX VENTURE:SST) ("Silverstone") reports sales of 1,084,000 silver equivalent ounces in the first quarter ending March 31, 2009. The cost of silver is fixed at US$3.97 per ounce and the cost of gold is fixed at $300 per ounce through 2010.
-----------------------------------------------------------
Year Ended
Q1-2009 Q1-2009 Q1-2009 2008
-----------------------------------------------------------
Ag (oz) Au (oz) Ag Eq (oz)(1) Ag (oz)
-----------------------------------------------------------
-----------------------------------------------------------
Cozamin 397,000 0 397,000 1,035,000
-----------------------------------------------------------
Neves-Corvo 115,000 0 115,000 484,000
-----------------------------------------------------------
Minto 64,000 7,260 572,000 0
-----------------------------------------------------------
-----------------------------------------------------------
Total 576,000 7,260 1,084,000 1,519,000
-----------------------------------------------------------
(1) Silver equivalent ounces are calculated by using a ratio
of 1 ounce of payable gold is equivalent to 70 ounces of
payable silver.
Mr. Hugh Willson, P.Geo., Vice-President, Exploration of Silverstone, who is a "qualified person" under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
ABOUT SILVERSTONE
Silverstone is a silver and gold mining company with 100% of its revenue from precious metal production. More information is available online at: www.silverstonecorp.com.
This press release contains "forward-looking information" that is based on Silverstone's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Silverstone's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Silverstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Silverstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. |
