Additional High Grade in New Trenches at the La Cumbre Silver/Gold Property Mexico
18 Ottobre 2011 - 2:00PM
PR Newswire (Canada)
7.82 g/t Gold and 817 g/t Silver Over 0.25m BURLINGTON, ON, Oct.
18, 2011 /CNW/ - Silver Shield Resources is pleased to announce
that it has sampled additional high grade gold and silver in the La
Cumbre West Zone. Sampling taken 22 metres west of the shaft,
in a sheared malachite stained vein returned an average of 2.08g/t
Au, 198.6g/t Ag and 0.14% Cu over a trench sample width of 1.75m
and the central high grade interval ran 7.82g/t gold, 817g/t silver
and 0.29% Cu over 0.25m. Additional trenching in the La Cumbre East
Zone, 32 metres east of the shaft, returned values of 0.455g/t Au
and 250.5g/t Ag and 0.93% Cu over 1.0m. The presence of these
excellent values gold and silver both east and west of the shaft,
taken in conjunction with the previously released high grade
samples 400 m. north of the shaft confirms to the company the
existence of a large system on the La Cumbre Property. Company
officials have been in ongoing discussions with contract miners in
Mexico to enable a mine development plan to be developed.
This development plan will include drifting on the 50 metre level
for approximately 300 metres with development in mineralized vein
material producing ~3,000 tonnes. Upon metallurgical testing
being successful, this mineralized material will then be trucked to
an existing mill approximately 120 km away to be processed.
The Company plans to use this drifting to enable a targeted
exploration drill program from underground to be performed.
Surface drilling as well is being planned at the same time in early
2012. These programs will further expand the previous mineralized
lens identified and mined in the 1980's. The company remains on its
focused path striving to mine and mill mineralized material as soon
as economically feasible to produce cash flow and fund future
mining and exploration internally. The La Cumbre Silver-Gold Mine
is a past producer situated in an area with numerous past producers
and producers, being only 65km southwest of Farallon Resources
Campo Morado Mine (VMS) and 100km west of Goldcorps Los Filos Mine
(Au). The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Silver Shield Resources Corp. CONTACT: Tim Towers, CEO
(289)-337-6162Email: silvershield@cogeco.net
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