Silver Shield updates West Timmins exploration results

BURLINGTON, ON, July 28 /CNW/ - Silver Shield Resources ("Silver Shield" or the "Company") (TSX-V:SSR) provides an update on exploration activities in the West Timmins Area.

Silver Shield has now received preliminary results from Magnetic and IP surveys being run on the 100 % owned "Lost Dog Project" in south central Denton Township tied onto RT Minerals' and Nebu Resources' land positions, in Canada's hottest Gold Exploration Camp, the West Timmins area. Magnetic surveys have shown a large area of low magnetic intensity crossing the property from west to east that may represent the extension of the prolific Porcupine-Destor Fault Zone (PDFZ) through the property, or may be a splay structure off of it. A number of high magnetic intensity structures run north-northeast across the property as well. IP surveys have shown that conductive zones are associated with the margins of these structures, which is a similar setting to the location of gold in drilling by other explorers in the northern part of Denton Township and in Carscallen Township. The company feels that this is very encouraging results, for the Lost Dog Property, and an expanded area of IP surveys, and soil geochemistry is to commence shortly.

Gold in Denton Township has been found hosted in metavolcanic rocks and iron formations of the Tisdale and Deloro Assemblages, in the PDFZ cutting the Tisdale Assemblage and in the Carlton Lake Pluton. Nebu Resources has recently completed a drilling program on their Denton North Property that hosts the Jowsey-Denton and Brown-McDade gold zones. The Lost Dog property is underlain by a granodiorite intrusion, the Kenogamissi Batholith. This felsic to intermediate intrusion underlies the southern third of Denton Township and the PDFZ in this rock type has never been explored for Gold.

On the "Denton 2 Project" which consists of a single J shaped claim, part of a 50/50 JV with Private Company, Mhakari Gold, located in Denton Township, about 1 km northwest of the Lost Dog, the Company has received results of a geochemical survey. Two areas of anomalous gold in soil values were found to be associated with similar north-northwest trending structures. This claim is surrounded by holdings of Lakeshore Gold and Nebu Resources. Follow-up work including more detailed sampling and geophysical surveys are being planned.

On the "East Ogden Project" a group of claims in the northeast corner of Ogden Township, also part of a 50/50 JV with Private Company, Mhakari Gold, the Company has received results of a geochemical survey. Six areas of anomalous gold in soil values were found to be, once again, associated with similar north-northwest trending structures. Two of the anomalies extend for over 100 metres. Follow-up work including more detailed sampling and geophysical surveys are being planned.

The Company has recently completed a round of geochemical sampling on its "Gunther Lake Project " in central Carscallen Township, also part of a 50/50 JV with Private Company, Mhakari Gold. Samples are currently being logged and prepared for shipment to the lab for analysis. Melkior Resources and SanGold have recently been drilling near to this property.

The Company is extremely encouraged by work on its West Timmins properties that has defined significant structures, and located gold enriched trends on its properties. Additional work programs with the objective of determining diamond drilling targets are being planned at this time and will be carried out in the fall exploration season.

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

%SEDAR: 00024773E

SOURCE Silver Shield Resources Corp.

For further information: For further information: please visit www.silvershieldresources.com or contact: Silver Shield Resources Corp., Donald Shaxon, Manager of Corporate Development, (289) 838-5936; or Tim D. Towers, President and CEO, Tel: (289) 337-6162, Email: silvershield@cogeco.net

Organization Profile

Silver Shield Resources Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890