Sniper Resources Ltd.: Phase 2 Drilling Commences at Overland Pass

Sniper Resources Ltd. (TSX VENTURE:SIP)(FRANKFURT:A1H38M) ("Sniper" or "the
Company") is pleased to announce that the Company's Phase 2 Drilling Project
Plan of Operations commenced on January 24th at the Company's Overland Pass
property located immediately north of Barrick's Bald Mountain Mine. The Company
has engaged Boart Longyear as contractor for the drill program which will
comprise 25 drill holes from 20 drill sites.


Overland Pass previously had 13 holes drilled by Sniper during 2006-2007 with
very encouraging results. The present work plan is based, in part, upon results
from that program and in part, is designed to test additional areas of
favourable geology that could not be tested during that program because of the
biological and cultural clearances required in those areas, some of which had
known high grade Au surface sampling results. 


All scientific and technical information contained in this news release has been
reviewed and approved by Douglas H. McGibbon, a director and the Vice-President,
Exploration of the Company, who is a "qualified person" within the meaning of
National Instrument 43-101.


ABOUT SNIPER RESOURCES LTD.

Sniper Resources Ltd. is engaged in the identification, acquisition and
exploration of gold properties in the State of Nevada, USA. Sniper owns a 100%
interest in the ReHot project and is currently earning a controlling interest in
four strategically located Nevada gold projects, namely, Guild, Overland Pass,
Weepah, and Laura. 


Sniper Resources Ltd.

Scott Baxter, Chief Executive Officer

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the Overland Pass property, and other
future plans, objectives or expectations of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's plans or expectations include risks relating to the actual results of
current and planned exploration activities; actual results of trench samples
remaining to be verified by a qualified person; the geology, grade and
continuity of any mineral deposits; fluctuating gold prices; risks associated
with property option agreements, leases, joint ventures and the ability to
conclude joint venture agreements on favourable terms; possibility of accidents,
equipment breakdowns and delays during exploration; exploration cost overruns or
unanticipated costs and expenses; availability of capital and financing required
to continue the Company's exploration programs; general economic, market or
business conditions; regulatory changes and restrictions including in relation
to environmental liability; timeliness of government or regulatory approvals and
other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

Sniper Resources Ltd. (TSXV:SIP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024