Silver Fields Resources Inc. Applies for Additional Saskatchewan Coal Permits
July 29 2008 - 5:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SF)(FRANKFURT: RLQ)
announces that the Company has made application for additional coal
permits covering 9,600 hectares southwest of Wapawekka Lake and
southeast of Lac La Ronge near the intersection of Highways 165 and
912, in accordance with the Coal Disposition Act of Saskatchewan.
The time frame for granting of the permits is dependent upon
regulatory requirements to process the applications.
Dr. K.W. Geiger Ph.D., P.Eng., P.Geo., a director of the
Company, was recently in La Ronge with an advance exploration crew,
researching historical coal documents and urged management to apply
for the additional permits. In the project area, outcrops of coal
have been reported on the south shore of Wapawekka Lake near Hart
Point and Wapaw Bay, as well as along the Bow River south of Lac La
Ronge.
According to Saskatchewan Exploration and Development Highlights
2007: The Bow River coal field was investigated in the mid 1970's
by Brascan Resources Limited, who completed 72 drill holes and
identified shallow lignite, a coal which is suitable for thermal
power generation. Santoy Resources Ltd. which now owns the project,
completed 16 vertical HQ diamond drill holes in May 2006 with the
intention of verifying coal and overburden thicknesses. Santoy
subsequently reported that results from the preliminary drilling
were positive and revealed that coal seams in the area are more
numerous, substantially thicker and of apparently better rank than
indicated by past exploration programs. All of the coal
intersections are relatively shallow with most within approximately
250 ft (76 metres) of surface.
Chris England, President & CEO of Silver Fields, commented,
"The recent research by Dr. Geiger in Regina and Lac La Ronge
continues to provide positive data which reinforces management's
decision to selectively apply for new coal permits in this
area."
Management will keep Silver Fields shareholders aware of the
status of the coal permits, which have been filed with the
Saskatchewan Ministry of Energy and Resources, located in Regina,
Saskatchewan.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Silver Fields Resources Inc. Chris England President
and CEO (604) 684-0454 Email: info@silverfieldsresources.com
Website: www.silverfieldsresources.com
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