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
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
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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
SOURCE Silver Shield Resources Corp.
For further information:
Tim Towers, CEO (289)-337-6162
Donald Shaxon Corporate Development (289) 838-5936