Sniper Commences Drilling on Guild Property

Sniper Resources Ltd. (TSXV:SIP) receives re-approval from the United States Bureau of Land Management for a previously issued Notice of Operations comprising an initial drill program of 24 reverse circulation holes on the Company’s Guild property in Nevada.

The press release is quoted as saying:

Sniper Resources Ltd. is engaged in the identification, acquisition and exploration of gold properties in the State of Nevada, USA. The Company’s two principal projects, Guild and Overland Pass, are subject to option agreements with Columbus Gold (U.S.) Corporation. Each option agreement provides the Company, through its wholly owned subsidiary Sniper Resources (U.S.) Inc., the right to earn a 51% interest in each of the projects by incurring an aggregate of US$2,000,000 in exploration expenditures on each property by October 3, 2012. The Company can earn an additional 19% interest in each property by completing a positive feasibility study on each property.

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