Silver Shield Discovers Additional High Grade in New Shear Zone Samples 1799 G/T Silver at the La Cumbre Silver/Gold Property...
September 20 2011 - 3:00PM
PR Newswire (Canada)
BURLINGTON, ON, Sept. 20, 2011 /CNW/ - Silver Shield Resources
(SSR-TSXV) is pleased to announce that it has sampled additional
high grade silver near the previously announced north -easterly
trending shear, which returned 1.79g/t Au, 4,031g/t Ag and 6.18% Cu
over 0.5m, discovered as a result of a soil geochemistry survey at
its 100% owned La Cumbre Silver-Gold Property. The soil sampling
program shows the mineralized fault structure extends for at least
3,000 m or 3 km. east-west with a NE trending cross structure
indicating another 1,500m of mineralization. Further sampling, from
the New Shear zone returned an assay of 0.89 g/t Au, 1,799 g/t Ag
(52.5 oz/ton), 6.72% Cu, 0.08% Pb and 0.05% Zn over 0.5m. A
second trench 8 metres SW of the original trench returned 0.43 g/t
gold , 67.6 g/t silver and 2.52 % Cu over 0.25m (0-25 cm) and
0.024g/t Au, 35.1 g/t Ag and 0.57% Cu (25-50 cm) from the same
structure. Given that the New Shear has shown assays over
length and width on surface, it is now a credible drill target for
the forthcoming winter 2011/12 drilling campaign. Two composite
samples of malachite-rich quartz and quartz-breccia float were
taken in a north sloped area ~700 M north-northwest of the La
Cumbre shaft. The first sample returned 0.125 g/t Au and 19.8 g/t
Ag with high copper at 3.93% and the second sample returned 0.015
g/t Au and 20.2 g/t Ag with significant copper of 2.05 %. These
samples were highly oxidized and leached thereby potentially
leaching the silver, gold and other metals from the samples. The
"Northern Slope" veining potentially represents yet another new
quartz-breccia vein system discovered on the property. A total of
20 geochemical samples from the immediate area being assayed and it
is hoped that they will point to the source of the mineralized
float. Additional follow-up prospecting on the Au-Cu-Pb-Zn-Ag soil
geochemical survey identified a bullseye anomaly at L400W, 2+50N
that returned 0.54g/t Au, 135.4g/t Ag and 6.7% Cu from
malachite-rich quartz-breccia float pieces. This represents
yet another mineralized area of the property for further
evaluation. The company has recently been performing surface work
at the site in preparation for further exploration in late 2011.
The La Cumbre Silver-Gold Property (7,000ha) had the first phase of
drilling performed in 2008. Company workers have performed
maintenance on the office building at the site and have performed
initial small scale rehabilitation on the adit and shaft. The shaft
and adits are being evaluated for a potential development of the
levels by contract miners. An underground exploration development
program is being planned that will improve understanding of the
vein structures in the mine, provide continuous sampling along the
veins, and provide material for bulk sampling and mill
metallurgical testing. Tim Towers, CEO commented "The La Cumbre
Silver-Gold Property is proving itself to be a quality asset, which
is further enhanced by the new discoveries." With these new results
and $1,820 USD gold and $40 USD silver the company is planning a
phase II Diamond drilling program for early 2012. The company
maintains its stated focus on acquiring and developing gold and
silver properties with near surface mineralization in order to
minimize mining costs when developed. The La Cumbre Silver-Gold
Mine is a past producer situated in an area with numerous past
producers and producers, being only 65km southwest of Farallon
Resources Campo Morado Mine (VMS) and 100km west of Goldcorps Los
Filos Mine (Au). The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this news
release. Silver Shield Resources Corp. CONTACT: Tim Towers, CEO
(289)-337-6162Donald Shaxon Corporate Development (289)
838-5936Email: silvershield@cogeco.net
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