Silk Road Resources Announces Diamond Drill Results from Four New Prospects of the Bulagou Property, Gansu, China



    TORONTO, Oct. 20 /CNW/ - Silk Road Resources Ltd. (TSXV: SIL) ("Silk
Road" or the "Company") is pleased to announce diamond drill results from the
Jilifu, Jili, Xiakanmuchang (XK) and XK East prospects within the Bulagou
property in Gansu Province of China. Drilling was carried out on 12 drill
holes totaling 1,899 meters during 2008 drilling program. The purpose of the
drilling was to test the presence of gold mineralization indicated by past
artisanal mining operations at these prospects. These prospects are a few
kilometers due east from the previously drilled Yidi - Labuzaika area. Holes
were drilled at each prospect in this initial reconnaissance drill program and
returned significant gold values as shown in the table below.
    Four holes were drilled at the Jilifu prospect, two holes at each setup
with 100 meter spacing between two setups. The best intersection at the Jilifu
prospect was 16.9 meters returning 1.84 g Au/t starting from 90.8 meters
including a one meter section averaging 22.3 g Au/t, in hole Jilifu 4-2
located about 100 meters north of the adit opening used for past artisan
mining. Another good section in this hole is 5.91 g Au/t over 3.6 meters
including 1.8 meters of 11.4 g Au/t at 150 meters down hole.
    Three holes, collared at 100 meters apart along strike of gold
mineralization, were drilled at the Jili prospect which is located
approximately 500 meters northwest of the Jilifu prospect in the same
exploration license. The best intersection on the Jili prospect was
10.6 meters returning 2.25 g Au/t starting from 16.3 meter including
1.5 meters averaging 8.82 g Au/t, in hole Jili 34-1. Hole Jili 26-1 returned
8.34 g Au/t over 2.6 meters from 108 meters.
    Two holes, 200 meters apart, were drilled at the Xiakanmuchang (XK)
prospect located approximately 1 km northwest of the Xiakanmuchang East
prospect in the same exploration license. Better assays include 2.39 g Au/t
over 1.45 meters in hole XK 20-1 and 3.56 g Au/t over 1 meter in hole XK 28-1.
    Three holes, collared at 100 meters apart along a fault zone, were
drilled at the Xiakanmuchang East outcrop which was opened up recently. The
best intersections are 7.8 meters of 2.65 g Au/t and 6.2 meters of 2.06 g Au/t
in hole Xiakanmuchang East 6-1 at 70 meters and 85 meters down hole
respectively.
    Drill hole assay results are summarized below:

    
    ASSAY RESULTS FROM 2008 DIAMOND DRILLING PROGRAM

                                                                      grade
    Drill hole          From (m)          To (m)    length (m)     (g/t) Au

    Jilifu 0-1               88           95.45          7.45          0.53
    Jilifu 0-2           140.05          144.15           4.1          1.58
    including            142.95          144.15           1.2          4.69
    Jilifu 4-1             50.9            58.9             8          1.44
    including              51.9            52.9             1          4.43
    Jilifu 4-2             90.8           107.7          16.9          1.84
    including              90.8            91.8             1          2.59
    including              96.8            97.8             1          22.3
                          149.1           152.7           3.6          5.91
    including             149.1           150.9           1.8          11.4

    Jili 26-1               5.1            17.9          12.8          0.52
    including               5.1             6.6           1.5          2.39
                            108           110.6           2.6          8.34
    Jili 30-1              30.3            43.7          13.4          0.49
    including              41.6            42.7           1.1          2.77
                         114.85           125.9         11.05          0.78
    including             116.9             119           2.1          2.58
    Jili 34-1              16.3            26.9          10.6          2.25
    including              23.9            25.4           1.5          8.82
                          154.9           162.6           7.7          0.69
    including             160.7           161.6           0.9          2.56

    Xiakanmuchang
    XK 20-1               12.85            14.3          1.45          2.39
                           55.9            62.1           6.2          0.85
                          102.8           107.3           4.5          1.21
    XK 28-1                10.1            12.1             2          1.4
                           90.6            91.6             1          3.56

    XK East 0-1            31.4            39.5           8.1          0.81
                           43.5            47.4           3.9          0.57
                           50.4            55.7           5.3           0.6
    XK East 3-1           188.9           199.9            11          0.97
    including             191.9           198.5           6.6          1.18
    XK East 6-1            30.5            33.7           3.2          1.86
                           68.8            76.6           7.8          2.65
    including              68.8            69.8             1          6.98
                           72.8            73.8             1          6.42
                           84.7            90.9           6.2          2.06
    including              85.9            86.9             1           3.9
                           88.9            89.9             1          3.39

    NOTE: Due to the distribution of the drill results the true widths cannot
    be determined.
    

    Mineralization within the Bulagou property is hosted by vertically
dipping, north-south striking mineralized quartz veins in an altered sheared
diorite intrusive stock. This stock is some 5 km wide (east-west) and 6 km
(north-south) long. Previous drilling by Silk Road in 2006 and 2007
concentrated on the northwestern portion of the stock (Yidi and Labuzaika
areas) while the current diamond drilling carried out by the Company suggests
that significant gold mineralization may also exist to the east that is
similar to that found at the Yidi and Labuziaka prospects.
    The recent drilling program was undertaken by Huafeng Drilling Co. Ltd.
of Chengdu, using a modern Atlas Copco CS10 rig. Conventional fire assays and
sample preparation were carried out at the ALS Chemex Guangzhou Laboratory.
QA/QC programs using internal and external standards, duplicates and blanks
indicate good accuracy and precision. ALS Chemex is an internationally
recognized and certified assay and analytical company. Half of the core was
retained by the Company in secure storage for future reference.
    The drilling program at Yidi-Labuzaika was supervised by Mr. Wang Guihe
and Dr. Ken Wang, (Ph.D., Geology). These drill results were prepared under
the guidance of Barry Price (M.Sc., P.Geo.) who is independent of the Company
and is a "qualified person" as such term is defined under National Instrument
43-101 who has reviewed the drilling in the field and has approved the content
of this news release.

    Forward Looking Statements

    Certain information regarding the Company set forth in this press
release, including management's assessment of the Company's future plans and
operations contains forward looking statements that involve substantial known
and unknown risks and uncertainties. These forward looking statements are
subject to numerous risks and uncertainties, some of which are beyond the
Company's and management's control, including but not limited to, the impact
of general economic conditions, industry conditions, fluctuation of commodity
prices, fluctuation of foreign exchange rates, imperfection of reserve
estimates, environmental risks, industry competition, availability of
qualified personnel and management, stock market volatility, timely and cost
effective access to sufficient capital from internal and external sources. The
Company's actual results, performance or achievement could differ materially
from those expressed in or implied by, these forward looking statements and
accordingly, no assurance can be given that any of the events anticipated to
occur or transpire from the forward looking statements will provide any
benefits to the Company.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    

    %SEDAR: 00012266E




For further information:

For further information: Silk Road Resources Ltd.: David R. Bell,
Chairman, Telephone: (416) 363-4280; and/or Allen J. Palmiere, President &
CEO, Telephone: (416) 363-6045

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