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or Name
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Silver Shield Resources Corp
Symbol SSR
Shares Issued 71,458,792
Close 2011-09-19 C$ 0.04
Market Cap C$ 2,858,352
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Silver Shield samples 1,799 g/t Ag at La Cumbre

2011-09-20 16:12 ET - News Release

Mr. Tim Towers reports

SILVER SHIELD DISCOVERS ADDITIONAL HIGH GRADE IN NEW SHEAR ZONE SAMPLES 1799 G/T SILVER AT THE LA CUMBRE SILVER/GOLD PROPERTY MEXICO

Silver Shield Resources Corp. has sampled additional high-grade silver near the previously announced northeasterly trending shear which returned 1.79 grams per tonne gold, 4,031 g/t silver and 6.18 per cent copper over 0.5 metre, discovered as a result of a soil geochemistry survey at its 100-per-cent-owned La Cumbre silver-gold property. The soil sampling program shows the mineralized fault structure extends for at least 3,000 metres, or three kilometres, east-west with a northeast-trending cross structure indicating another 1,500 metres of mineralization.

Further sampling from the new shear zone returned an assay of 0.89 g/t Au, 1,799 g/t Ag (52.5 ounces per ton), 6.72 per cent Cu, 0.08 per cent lead and 0.05 per cent zinc over 0.5 metre. A second trench eight metres southwest of the original trench returned 0.43 g/t Au, 67.6 g/t Ag and 2.52 per cent Cu over 0.25 metre (from surface to 25 centimetres), and 0.024 g/t Au, 35.1 g/t Ag and 0.57 per cent Cu (from 25 to 50 centimetres) from the same structure. Given that the new shear zone has shown assays over length and width on surface, it is now a credible drill target for the forthcoming winter 2011/2012 drilling campaign.

Two composite samples of malachite-rich quartz and quartz-breccia float were taken in a north-sloped area about 700 metres north-northwest of the La Cumbre shaft. The first sample returned 0.125 g/t Au and 19.8 g/t Ag with high copper at 3.93 per cent, and the second sample returned 0.015 g/t Au and 20.2 g/t Ag with significant copper of 2.05 per cent. These samples were highly oxidized and leached, thereby potentially leaching the silver, gold and other metals from the samples. The "northern slope" veining potentially represents yet another new quartz-breccia vein system discovered on the property. A total of 20 geochemical samples from the immediate area are being assayed and it is hoped that they will point to the source of the mineralized float.

Additional follow-up prospecting on the Au-Cu-Pb-Zn-Ag soil geochemical survey identified a bull's-eye anomaly that returned 0.54 g/t Au, 135.4 g/t Ag and 6.7 per cent Cu from malachite-rich quartz-breccia float pieces. This represents yet another mineralized area of the property for further evaluation.

The company has recently been performing surface work at the site in preparation for further exploration in late 2011. The La Cumbre silver-gold property (7,000 hectares) had the first phase of drilling performed in 2008. Company workers have performed maintenance on the office building at the site and have performed initial small-scale rehabilitation on the adits and shaft. The shaft and adits are being evaluated for a potential development of the levels by contract miners. An underground exploration development program is being planned that will improve understanding of the vein structures in the mine, provide continuous sampling along the veins, and provide material for bulk sampling and mill metallurgical testing.

Tim Towers, chief executive officer, commented, "The La Cumbre silver-gold property is proving itself to be a quality asset, which is further enhanced by the new discoveries." With these new results, and a price of $1,820 (U.S.) for gold and $40 (U.S.) for silver, the company is planning a phase 2 diamond drilling program for early 2012. The company maintains its stated focus on acquiring and developing gold and silver properties with near-surface mineralization in order to minimize mining costs when developed. The La Cumbre silver-gold mine is a past producer situated in an area with numerous past producers and producers, being only 65 kilometres southwest of Farallon Resources' Campo Morado mine (VMS) and 100 kilometres west of Goldcorp's Los Filos mine (Au).

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