Sunday 25th September 2016

Resource Clips



Sulliden reports Peru Assays up to 0.59 g/t Gold over 202.5m

Resource Clips - essential news on junior gold mining and junior silver miningSulliden Gold Corp TSX:SUE announced results from its Shahuindo Property in northern Peru. Highlights include

0.59 g/t gold and 12.7 g/t silver over 202.5 metres
(including 2.18 g/t gold and 89.9 g/t silver over 15 metres)
1.61 g/t gold and 11.8 g/t silver over 64.5 metres
(including 6.3 g/t gold and 46.6 g/t silver over 13.5 metres)
1.61 g/t gold and 11.8 g/t silver over 64.5 metres
(including 6.3 g/t gold and 46.6 g/t silver over 13.5 metres)
1.25 g/t gold and 8.6 g/t silver over 46.4 metres
0.68 g/t gold and 12.6 g/t silver over 75 metres
(including 1.62 g/t gold and 10.3 g/t silver over 21 metres)

The project has a June 2011 resource estimate of 1.97 million ounces gold and 27.98 million ounces silver indicated and 1.44 million ounces gold and 38.58 million ounces silver inferred. A February 2010 preliminary economic assessment projects average annual gold production of 105,000 ounces at a cash cost of $403 an ounce. Using a gold price of $875 an ounce, the pre-tax NPV comes to $119.1 million at an 8% discount rate generating an IRR of 43.3%. A feasibility study is planned for completion in 2012. Sulliden completed a $50-million share offering Tuesday.

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Contact:
Caroline Arsenault
IR Manager
416.861.5805

or Scott Moore
VP of Corporate Development
416.861.5903

by Greg Klein

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