Silver Fields Discovers New Gold Vein on Keremeos Property
October 25 2011 - 10:00AM
Marketwired
Editors Note: There is one photo associated with this press
release.
Silver Fields Resources Inc. (TSX VENTURE:SF)(FRANKFURT:RLQ)
(the "Company") ("Silver Fields) is pleased to report that the
Company has received additional assays from the Horn Silver Project
30 km east of Keremeos, B.C.
Extensive soil geochemical surveys have been completed in areas
of the property which had previously not been explored. One of
these areas, named "The Tire Line", located away from any mine
workings, has been found to contain gold values in soils from 15 to
492 ppb over an area about 50 m by 160 m long. Follow-up
prospecting uncovered a flat quartz vein, similar to other
occurrences on the property, but with interesting gold values
rather than silver values. The vein which is almost completely
hidden by overburden was uncovered for a distance of 2.5 m and
there are now three samples from this interval.
#57533 assaying 13.10 g/t Au over 0.10 m width
#57537 assaying 8.72 g/t Au over 0.17 m width
#57538 assaying 54.10 g/t Au over 0.10 m width
The continuous chip samples represent true vein widths. The
ultimate extent of this vein is unknown and trenching is planned in
order to further explore it.
President & CEO, Chris England stated "The discovery of this
new vein has potentially added substantial value to this property,
especially when the silver assays which have been disclosed to
date, have been of such high value. We anticipate our planned drill
program will be expanded to further explore this new vein."
Technical material in this news release has been prepared and/or
reviewed by Peter G. Folk, P.Eng., an independent Qualified Person
as defined in NI43-101. Assays quoted here were performed for
Silver Fields Resources Inc. by Acme Analytical Laboratories,
Vancouver B.C. using fire assay techniques with a gravimetric
finish on a 30 gram charge.
On behalf of the Board of Directors
Chris England, President and CEO
Silver Fields Resources Inc.
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.
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Silver Fields Resources Inc. Chris England President
and CEO 604
684-0454info@silverfieldsresources.comwww.silverfieldsresources.com