Clarification of Press Release: Silver Shield Resources Intersects 710 g/t Ag over 1.04 metres,
05 Juillet 2011 - 8:09PM
PR Newswire (Canada)
BURLINGTON, ON, July 5, 2011 /CNW/ -- BURLINGTON, ON, July 5, 2011
/CNW/ - Silver Shield Resources Corp. is pleased to announce that
all assays in the recently completed drill program totaling 1,238
metres in ten (10) drill holes have now been received including the
re-assays with metallics. Holes SCL-11-01 to SCL-11-07 were drilled
in the SE portion of the property, 700m from the main Welsh Shaft,
to test the new high grade veins and extensions of the veining
discovered in our Phase II drilling. The area tested is immediately
south of the Amador Gold (AGX-V) Silverclaim Lake property. The
last 3 holes WSM-11-01 to WSM-11-03 were drilled to the east of the
Welsh Mine. The Welsh Silver Mine area is underlain by Nipissing
Gabbro that has intruded into sedimentary rocks of the Gowganda
Formation similar in style and setting to mines found in Gowganda,
Cobalt, Silver Centre and elsewhere in the area. As such these
veins are narrow but, as demonstrated by this intersection, can be
very rich in silver. At times these high-grade intersections are
accompanied by copper, cobalt, nickel, arsenic, bismuth, lead, etc.
While all of the holes in the program intersected mineralized
veins, only Drillhole WSM-11-07 returned significant assay
values. Previous drilling in the area of SCL-11-07
intersected multiple veins with grades to 2,659.5 g/t Ag over 0.15m
(77.6 oz/t). At this time the company is unsure if this is the same
high-grade lens or one of the other numerous veins previously
intersected. Silver-rich shoots in these settings usually extend
for 10's of meters horizontally and vertically, pinch and swell and
can mineralize the wall-rock adjacent to the veins with fine native
silver or argentite resulting in mining widths much wider than the
vein itself. Due to this nugget effect it is difficult to intersect
the mineralized lenses by diamond drilling. The following is a
summary of the significant assay intervals from SCL-11-07: -- 1.04
m from 55.58 - 56.62 m grading 710.42 g/t Ag (20.74 opt) -- 1.16 m
from 90.91 - 92.07 m grading 532.39 g/t Ag (15.54 opt) -- 0.09m
from 109.29- 109.38m grading 96 g/t Ag (2.80 opt) The importance of
these intervals is that economically interesting grades over
typical mining widths have been obtained for the first time.
These intersections correlate very well with previous drilling and
especially with values from the mine workings which are immediately
north of the area being drilled. Further exploration work on the
property will need to be from the underground access. At this
time no determination of "economic grades" or actual mining widths
has been made. Details of the above assay intervals are provided in
the following table: SCL-11-07 East North elev. dip length
542461.385 5285513.678 362.332 -45 150 Assay Intervals Depth Sample
Sample # From To Length Ag-ppm (m) (m) (m) E5332912 55.58 55.88
0.30 0.2 E5332792 55.88 56.12 0.24 3.0 E5332793 56.12 56.22 0.10
6,668.0 E5332794 56.22 56.32 0.10 712.0 E5332913 56.32 56.62 0.30
0.2 Interval Length 1.04 E5332918 90.91 91.21 0.30 0.8 E5332795
91.21 91.32 0.11 258.0 E5332796 91.32 91.53 0.21 1,255.0 E5332797
91.53 91.61 0.08 86.0 E5332798 91.61 91.69 0.08 3,807.0 E5332799
91.69 91.77 0.08 172.0 E5332919 91.77 92.07 0.30 0.4 Interval
Length 1.16 The technical information in this press release has
been reviewed by Stephen G. Mlot, P.Eng the Qualified person under
NI-43-101 for the Company. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined on the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Company Management, which
takes full responsibility for content, prepared this news
release. In order to proceed fully with the Company's
exploration and acquisition plans, additional funding may be
necessary and, depending on market conditions, this funding may not
be forthcoming on a schedule or on terms that facilitate the
Company's plans. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/05/c3392.html p
/p table valign="top" border="0" tr td colspan="3" bSilver Shield
Resources Corp./b /td /tr tr td colspan="3" Tim Towers, President
and Chief Executive Officer /td /tr tr td colspan="3" Donald
Shaxon, Manager of Corporate Development, (289) 838-5936 /td /tr tr
td a
href="http://www.silvershieldresources.com"www.silvershieldresources.com/a
/td td /td td a
href="mailto:silvershield@cogeco.net"silvershield@cogeco.net/a /td
/tr tr td Phone: 289-337-6162
/td td /td td Fax: 289-337-6678 /td /tr /table
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