TSX Venture Exchange: STS
VANCOUVER, June 26, 2012 /CNW/ - StoneShield Capital Corp. (STS - TSX Venture Exchange; 5XS - Frankfurt Stock Exchange) ("StoneShield" or the "Company") is pleased to provide shareholders with
its plans for exploration at the company's Geldenhoof property in the
Blackwater discovery area, British Columbia.
The Geldenhoof property is comprised of two neighbouring mineral claims
which total 2,613 hectares in size, and is located approximately 4km
east of New Gold Inc.'s Blackwater Gold Project ("Blackwater").
Blackwater hosts defined indicated and inferred resources totaling 7.8
million ounces of gold. The deposit remains open in all directions and
at depth, and New Gold plans to drill over 200,000 metres at Blackwater
Company geologists have recommended a two-phase exploration program at
Geldenhoof. Phase One would consist of follow up work on anomalous
zones of silver, zinc, copper and gold discovered by the Company's 2011
soil sampling program in the western half of the property. The
prominent northwest trending fabric within the soil geochemistry is
compelling in that it corresponds to the margin of a two square
kilometer magnetic high (likely a buried intrusive body) and suggests a
strong structural control to mineralization in the area. Follow up
exploration will include geologic prospecting, rock sampling and stream
sediment sampling by a team of two geologists.
Phase Two would consist of an Induced Polarization survey to establish
drill targets to test for precious and base metal mineralization at
The Company is using the adjacent Blackwater discovery as an exploration
model for its tenures and is very encouraged by its preliminary
findings. The geology at Geldenhoof is similar to that found in the
Blackwater area. Mesozoic to Cenozoic volcanic host rocks are locally
brecciated and silicified and contain bodies of rhyolite of possible
For full details on the StoneShield option to purchase the Geldenhoof
claim, please view the Company's news release of January 10th, 2011 at:
For more information on the Blackwater discovery, please refer to New
Gold Inc's. web site and SEDAR filings for more details.
This news release has been prepared on behalf of the Company's board of
directors, who accept responsibility for its contents. Technical
information for the Geldenhoof project has been provided by Eric
Ostentoe, P. Geo, a Qualified Person as defined by National Instrument
StoneShield is a publicly traded exploration company focused on the
discovery of high-value precious metals deposits in North America. The
Company's experienced management team boasts multiple discoveries, and
brings over 145 years of combined experience in the mining and
exploration sector. Please visit the Company's web site address at www.stoneshieldcapital.com .
For further information contact
ON BEHALF OF THE BOARD OF DIRECTORS OF
STONESHIELD CAPITAL CORP.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Stoneshield Capital Corp.
For further information:
Benjamin Curry, investor relations at (604) 689-2881 or toll free at 1-877-689-2881