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BURLINGTON, ON, July 28 /CNW/ - Silver Shield Resources ("Silver Shield" or the "Company") (TSX-V:SSR - News) 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.
SILVER SHIELD REPORTS FIRST RESULTS FROM DIAMOND DRILLING AT JARIPO CONCESSION IN MEXICO
Sep. 15, 2010 (Canada NewsWire Group) --
UP TO 7% ZINC and 360 g/t SILVER
BURLINGTON, ON, Sept. 15 /CNW/ - Silver Shield Resources Corp. (TSXV - SSR) ("Silver Shield" or "the Company") today announced the results from its diamond drill program at its 2,954 hectare "Jaripo" property the State of Michoacan, Mexico. A total of 1,503 metres was drilled in 12 holes drilling program at Jaripo was designed to trace the mineralized zone over a 400 metre interval near the main area of historic mining, and also to investigate the area to the south where numerous other old mine workings are located. Historic mining is quite shallow in depth, not exceeding 40 metres and it was expected that mineralization would continue to depth. There is no record of previous diamond drilling at the property.
The Jaripo Concessions are geologically located within the Huetamo Subterrain in Michoacan State, and cover a generally north-south trending mineralized structure located at the thrust fault boundary between a package of sedimentary rocks and limestone. Intruded between theses rocks is a felsic dike of up to 10 m wide. Mineralization is generally hosted within a zone of carbonate veining that flanks the east contact between the dike and the sediments and within the sediments.
Drillholes JAR-01 and 02 successfully located the mineralized zone north of the area of previous mining and intersected good Lead/Zinc and Silver values, with the width of 4 metres in Jar-02 being much wider than expected. Drillholes JAR-02 to 06 are located around the area of historic mining and below. In these holes numerous mineralized intervals were found surrounding the primary vein structure. This suggests that while the mineralization may be more complex than expected, the potential for significantly more mineralization than expected is high.While widths were commonly in the 1 - 2 metre range, a mineralized interval of 13 metres was found in hole JAR-04 and a mineralized interval of 6.25 metres was found in hole JAR-06, also supporting that a larger tonnage may ultimately be found.Lead grades were generally below 1 % but ranged up to 3.6 %. Zinc grades were more consistent and ranged between 2 and 7%. Gold values were low, as expected, but Silver provided significant value with many intervals over 100 g/t and some narrow intervals were over 300 g/t. Mr. Tim Towers, President and CEO of Silver Shield stated "At this time of silver price appreciation we are extremely pleased with the assay results to date and we look forward to further development of the silver resource at Jaripo."
The drilling program has to date, successfully demonstrated the existence of economically interesting grades of Silver-Lead/Zinc mineralization on the Jaripo Concessions with greater widths and more mineralized intervals than expected. Drilling was limited to approximately 100 metres vertically so a great deal of potential remains to be explored. Additional drilling is required to further develop the understanding of the mineralization before a Resource Estimate can be produced.
Initial Results from the first 6 of 12 drillholes follow. Additional assay results are pending from Drillholes JAR-07 to 12, and will be released in the near future.
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