Silver Fields Resources to Drill La Esperanza Project in Mexico
29 Janvier 2008 - 12:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SF)(FRANKFURT: RLQ),
is pleased to announce the mobilization of the drilling project on
their Esperanza Concession in Zacatecas State, Mexico. Tecmin
Servicios, S.A. de C.V., a Canadian-run company with extensive
diamond drilling experience in the area, has been selected as the
drill contractor. Plans call for a four hole program, totalling 600
metres, to test a silicified zone and related vein-style
mineralization with anomalous gold and silver values identified by
Silver Field's exploration team.
The target is a ring-shaped zone of silicified outcrops and
related gold in soil anomalies approximately four hundred meters in
diameter that appears to be cut off to the south. The potential
deposit is hosted by limestone of the Cuesta del Cura Formation of
Cretaceous age cut by silicified breccias. The mineralized outcrops
are bodies of silicified breccias composed of limestone fragments
in a matrix of grey to black silica containing gold and silver
related to iron oxide. The breccia outcrops are from 70 to 300
meters long and 20 to 50 meters wide. There are also
chalcedony-calcite veins on the property. Silver Fields personnel
now believe that the breccia bodies may represent the upper levels
of a breccia pipe similar to, but smaller than a similar zone at
the nearby Real de Angeles mine
The 25 hectare Esperanza property is located 25 kilometres south
of Minco PLC's Bilbao property, 24 kilometres west of Frisco's Real
de Angeles open pit mine and 26 kilometres southwest of Teck
Cominco's San Nicholas project. Silver Fields is earning a 75%
interest in the property by paying a total of $85,000; issuing
400,000 shares and committing to carrying out $600,000 dollars in
exploration and development costs, all over a three year period.
All payments are in US Funds.
Mr. Michael Douglas Ellington, M.Sc., NCLG is a Qualified Person
as defined in NI 43-101 and has reviewed this release.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Silver Fields Resources Inc. Mr. Chris England
President (604) 684-0454 Email: info@silverfieldsresources.com
Website: www.silverfieldsresources.com
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