Silk Road Resources Files NI 43-101 Technical Reports for Bulagou and Pargas Properties and Reports Inferred Resources of 390,524 Oz Au at Bulagou.



    TORONTO, July 8 /CNW/ - Silk Road Resources Ltd. (TSXV-SIL) (the
"Company" or "Silk Road") is pleased to announce that it has received and
filed updated technical reports for its Bulagou and Pargas Properties in
Gannan Prefecture, Gansu Province, People's Republic of China.
    The Technical Report for the Bulagou Property reported a total current
inferred in situ resources (NI 43-101 compliant) of 390,524 oz gold (Au) as
set forth in the below table:

    
               INFERRED RE

SOURCE ESTIMATE FOR BULAGOU DEPOSITS G. Della Valle, Ph.D., 2008 Specific Average Gold Gold Volume weight Tonnage Grade Resource Resource Mineralized Zone (m3) (t/m3) (t) (g/t Au) (grams) (ounces) Labuzaika Zone 1 77560 3 232680 2.94 684079 21994 Labuzaika Zone 2 103102 2.8 288685 2.9 837187 26916 Labuzaika Zone 3 281000 2.8 786800 2.87 2258116 72600 Labuzaika Zone 4 393500 2.8 1101800 1.95 2148510 69076 ------------------------------------------------------------------------- 2409965 2.46 5927892 190587 Yidi Zone 2 269000 2.8 753200 2.87 2161684 69500 Yidi Zone 1 153900 2.8 430920 6.68 2878546 92548 Yid Zone 1 S 85200 2.8 238560 4.94 1178486 37889 ------------------------------------------------------------------------- 1422680 4.37 6218716 199937 Total Labuzaika 2409965 2.46 5927892 190587 Total Yidi 1422680 4.37 6218719 199937 ------------------------------------------------------------------------- Grand Total 3832645 3.17 12146611 390524 The Technical Report for the Bulagou Property summarizes the exploration on the property including the drilling programs of 2006 and 2007 carried out at a number of mineralized zones at Labuziaka and Yidi. Based on this drilling seven mineralized zones were indentified and included in the inferred resource estimates. The above estimates are based on the computer-based 3D modeling of the various zones outlined by the drill hole intersections, with a cutoff grade of 1 g/t Au. The resource blocks included projection of the mineralization 50 meters away from the known drill hole intersections, down-dip, along strike and up to surface. The results of the additional drilling at Labuziaka and Yidi in 2007 showed that continuous veining and mineralization exists between Labuziaka and Yidi for a total strike length of 1,500 meters in a north-south direction and the mineralization is still open along strike and to depth. Recent sampling of adits at Jilli Fu and Xiakanmuchang investigated the earlier artisanal workings in these areas. Rock chip samples using hammer and chisel at approximately 1 meter intervals were collected along the floors of the adits. Assay returns confirm the presence of in situ gold mineralization with the most significant values coming from the Jill Fu adit returning continuous gold mineralization along a strike length of 130 meters grading 5.12 g/t Au with an average width of 1.0 meter. The vein structure at Jilli Fu is described as being vertical and striking north-south. The mineralization at Xiakanmuchang is flat and described as a mineralized breccia. Sampling of the floors in this area may not be representative of the gold mineralization, however, mineralization was present with gold assays as high as 4.60 g/t Au over 3.0 meters. The Company expects that the net proceeds of the recently announced $1,250,000 private placement of convertible debentures (see press release dated July 3, 2008) will enable the Company to carry out a diamond drill program to investigate the frequency, width, and continuity of the mineralization at Jilli Fu, Xiakanmuchang as well as to follow up on the extensions at Labuziaka and Yidi. The drilling programs were undertaken by Huafeng Drilling Co. Ltd. of Chengdu, using modern Atlas Copco CS1000/P6 and Longyear LF90 rigs. Conventional fire assays were carried out at the ALS Chemex Laboratory in North Vancouver, B.C. which is certified to ISO 9002 standards or higher and the Quality Assurance System standard, ISO 17025. Chip samples were prepared at ALS Chemex Laboratory, where the prep facilities and procedures were inspected and approved by the ALS Chemex personnel. QA/QC programs using internal and external standards, duplicates and blanks indicate good accuracy and precision to the assays. The report entitled "Technical Report Bulagou Property, Gannan Prefecture, Gansu Province, People's Republic of China" prepared by Guy Della Valle, Ph.D., Consulting Geologist and Barry J. Price, M.Sc., P.Geo. Qualified Person, dated April 30, 2008 and the report entitled "Technical Report Pargas Property, Gannan Prefecture, Gansu Province, People's Republic of China" prepared by Dr. Bruce Zhang, Ph. D. and Barry J. Price, M.Sc., P.Geo., Qualified Person dated June 15, 2008 have been prepared in accordance with National Instrument 43-101 and have been filed under the Company's profile at www.sedar.com and readers are referred to these technical reports for further details. The contents of this new release were prepared under the guidance of and approved by Barry Price (M.Sc., P.Geo.) who is independent of the Company and is a "Qualified Person" as defined under National Instrument 43-101. 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release %SEDAR: 00012266E

For further information:

For further information: Silk Road Resources Ltd., David R. Bell,
Chairman, Telephone: (416) 363-4280

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SILK ROAD RESOURCES LTD.

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