Silver Shield targets gold in West Timmins Area

    BURLINGTON, ON, Aug. 19 /CNW/ - Silver Shield Resources (SSR-TSXV) is
pleased to announce that it has signed an option agreement for a property
located in Canada's hottest Gold exploration play, the West Timmins Area. The
property consists of 2 patented mining claims that have been privately held
for many years and no previous exploration work is known to have been
performed. The area however is highly overburden covered and very few outcrops
exist in the area and no outcrops are known on the property.
    These claims cover an area of 20 ha, located about 3 km north of the
highly prospective Porcupine-Destor Fault Zone, which is an important feature
to most of the largest past producers in The Timmins Camp, and 1.5 kilometres
east of the north-south trending Mattagami River Fault. The property is
underlain by sedimentary rocks of the Porcupine Assemblage, close to the
contact with the Tisdale Assemblage-Mafic Volcanic sequence. The sedimentary
sequence is the youngest in the Porcupine Assemblage overlying the Krist
felsic volcanics and the prolific Quartz-Feldspar Porphyry intrusions that
many of the significant gold deposits are associated with. The deposits appear
to be also associated with splay faults that trend off to the north of the
Porcupine Destor fault.
    The Ogden project is located ten kilometres south-west of the Timmins
city center, in the North-west corner of Ogden Township. Recent discoveries in
the area include Lake Shore Gold's 830,000 oz Timmins Mine, and the
Lakeshore/West Timmins Mining Inc. Thunder Creek project, located 10
kilometres to the west of the property. Metals Creek Resources has recently
announced high-grade surface sampling and excellent drill results on its Ogden
Project 5 km to the east. Explor Resources' recent property acquisition is 3
km to the west.
    The Company will pay a total of five hundred thousand (500,000) common
shares, and expend $ 500,000 in exploration, over a two-year period for an
option to acquire a 100-per-cent interest in the property, subject to
regulatory approval. The Vendors will retain a 1.5% NSR which Silver Shield
has the right to purchase at any time, for $ 1,250,000. A director of Silver
Shield is one of the vendors with a 25% ownership in the property. The Company
continues to review other properties in the West Timmins Area for acquisition.
    The Company plans to complete an exploration program consisting of
geology and geophysics to locate mineralized structures on the property and to
generate drill targets for the proposed fall-winter 2009-2010 drilling season.

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

    %SEDAR: 00024773E

For further information:

For further information: please visit or
contact Silver Shield Resources Corp., Tim D. Towers, President and CEO, Tel:
(289) 337-6162, Email:

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