SILVER SHIELD RESOURCES INTERSECTS 6,668 G/T AG INTERVAL, AND 20 OUNCES PER TON AG OVER MINING WIDTH AT ITS WELSH SILVER MINE.
July 05 2011 - 9:12AM
PR Newswire (Canada)
BURLINGTON, ON, July 5, 2011 /CNW/ -- BURLINGTON, ON, July 5, 2011
/CNW/ - (TSXV:SSR) - 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
intersected mineralized veins, only Drillhole SCL-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 assays 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) Included within these intervals are: -- 0.20m @ 3,690g/t Ag,
1.27%Co, 1.14%Ni, 2.86%As, 1.32%Bi (Semi Massive Sulfides) from
56.12- 56.32 m. (including 0.1m @ 6,668 g/t Ag, 2.16% Co, 2.09% Ni,
5.3% As and 2.40% Bi from 56.12- 56.22) -- 0.56m @ 1,102g/t Ag from
91.21- 91.77m (including 0.21m of 1,255 g/t Ag from 91.32- 91.53m
and 0.08m of 3,807 g/t from 91.61- 91.69m) The importance of these
intervals is that economically interesting grades over 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. 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/c3260.html p
/p p bSilver Shield Resources Corp./b /p table border="0" tr td
colspan="2" Tim Towers, President and Chief Executive Officer /td
/tr tr td colspan="2" 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 a
href="mailto:silvershield@cogeco.net"silvershield@cogeco.net/a /td
/tr tr td Phone: 289-337-6162
/td td Fax: 289-337-6678 /td /tr /table p /p
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