SILVER SHIELD COMMENCES DRILLING AT WELSH SILVER MINE
April 07 2011 - 7:00AM
PR Newswire (Canada)
BURLINGTON, ON, April 7 /CNW/ -- BURLINGTON, ON, April 7 /CNW/ -
Silver Shield Resources (TSXV: SSR) is pleased to announce that it
has begun a minimum 1,200 metre diamond drilling program at its
Welsh Silver Mine in the Elk Lake , Ontario. The drill is presently
located to the south of Silver Claim Lake and later it will be
moved to the Welsh Silver Mine. Due to the close proximity of
the drilling and shallow nature of the Welsh Mine area
mineralization the company expects holes to be drilled in 100-200
metre lengths. Phase II drilling completed by the company
previously encountered mineralized vein swarming to the south east
of the mine. A subsequent small stripping program that was done in
the area located these swarms on surface and the company is anxious
to drill this area. With new staking completed in the area by
Silver Shield, the Company feels it has secured its position in
this area. Upon geological review, certain targets hope to be
identified on these new claims and a small number of exploratory
drill holes completed. To aid in the companies already large data
base of the mine, a survey of the area around the mine and to the
east of the mine is being commissioned. The survey report
will identify old markings and elevations , relevant points
including the Welsh shaft, shaft southeast of Welsh main shaft the
adit to the Welsh Silver Mine and all diamond drill holes. With
this survey it is felt the Company can more accurately locate the
workings and mineralized areas of the mine on previous technical
reports and aid in the new drilling. Tim D. Towers commented "We
are pleased to be back in the Historic Producing "Silver Belt of
Ontario". The Welsh Silver Mine and surrounding area has a rich
heritage and the company feels in these times of escalating silver,
Elk Lake is the place to be. With an expanded claim package around
the Welsh Mine, and drilling by Amador Gold (AGX-TSX-V) ongoing on
their property in close proximity to Silver Shield, we are enthused
and excited for this area play. Our shareholders have been patient
and supportive and we look forward to rewarding their
patience. I urge all investors to review our original 43-101
technical report on the Welsh Silver Mine. After this drill
campaign we will be up-dating our original 43-101." About the
Former Producing Welsh Silver Mine In 1908, The Welsh Silver Mine
shaft was sunk on the #1 vein, to 160 feet and levels established
at 75' and 150'. On the 75 foot level five veins were developed,
Ag-rich lenses were outlined on these veins, but were never mined.
In 1963 Welsh Silver Mines removed a bulk sample from the #4 vein
that had an average grade of 22 oz Ag/ton. Approximately 700 metres
southeast of the Welsh Shaft and south of Silver Claim Lake another
set of veins occur but in a north-south direction. In 1980 and
1982, 25,568 feet of surface drilling was performed on the Cameron
Mine property immediately north of the SSR property. An underground
ramp was developed in a southerly direction to the SSR claim
boundary by Teck-Lacana in 1983 to prepare the property for
production, along with a total of 3,885.5 feet of underground
drilling. These veins were shown to extend onto the SSR ground and
have been the subject of drilling by both Teck-Lacana and SSR.
Recent diamond drilling by Silver Shield has intersected numerous
high-grade silver vein swarms e.g. SCL-08-02 (0.15m @ 2,659.5g/t
Ag), SCL-08-09 (0.20m @ 2,589.2 g/t Ag) over a 200+m strike length
tracing numerous veins south and extending below the thin Cobalt
sedimentary cover. The southern extensions of these veins are
now covered by the expanded property. 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/April2011/07/c2040.html
p For further information please visit a
href="http://www.silvershieldresources.com"www.silvershieldresources.com/a
or contact:br/ bSilver Shield Resources Corp./bbr/ br/ /p table
border="0" tr td Tim Towers, President and Chief Executive
Officerbr/ Donald Shaxon, Manager of Corporate Development, (289)
838-5936br/ a
href="http://www.silvershieldresources.com"www.silvershieldresources.com/abr/
Phone: 289-337-6162 /td td
valign="bottom" align="left" a
href="mailto:silvershield@cogeco.net"silvershield@cogeco.net/abr/
Fax: 289-337-6678 /td /tr /table p /p
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