Thursday July 22, 9:01 am Eastern Time
Company Press Release
Sun River Mining Announces Clavo Rico, Honduras Progress and New Corporate Address
DENVER--(BUSINESS WIRE)--July 22, 1999--Sun River Mining, Inc. (OTCBB: SUNR - news) is pleased to announce the continuing advancement of the Clavo Rico, Honduras, evaluation and due diligence study. Company personnel are presently on site, laying out access roads and drill sites for a reverse circulation drilling program planned to begin before the end of the month. Contract negotiations with two drill contractors are now nearing completion.
The proposed reverse circulation drilling program consists of 8 to 10 inclined drill holes along approximately 200 meters of strike length on the mineralized shear zone. Company geologists intend to locate and orient the drill holes to test the oxide portion of the mineralized zone and to cross-cut the zone as close as possible to perpendicular to the main structure.
In related news, Sun River has relocated its corporate office from the previous Boulder, Colorado address, to a new location in Golden, Colorado. The new corporate office address and telephone number is:
Sun River Mining, Inc. 350 Indiana St., Suite 800 Golden, Colo. 80401 Tel: 303/384-3415
The new office facility will give Company personnel a more central location as well as convenient access to the geological data and research facilities available at the nearby Colorado School of Mines and U.S. Geological Survey offices and library.
Mr. Sam Del Cielo, formerly manager of the Boulder office and Corporate Secretary and Treasurer has resigned from Sun River to pursue other career interests. Mr. Del Cielo's former duties have been assumed by Sun River's Chief Financial Officer Randy A. McCall.
For additional information regarding Sun River, see the Company's web site at www.sunrivermining.com, presently being updated to reflect the above changes in objectives, progress and management.
ON BEHALF OF THE BOARD OF DIRECTORS
Steven R. Davis President & CEO |