22:54:28 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Silver Shield Resources Corp
Symbol SSR
Shares Issued 71,458,792
Close 2011-10-14 C$ 0.045
Market Cap C$ 3,215,646
Recent Sedar Documents

Silver Shield Resources samples 0.25 m of 7.82 g/t Au

2011-10-18 08:05 ET - News Release

Mr. Tim Towers reports

ADDITIONAL HIGH GRADE IN NEW TRENCHES AT THE LA CUMBRE SILVER/GOLD PROPERTY MEXICO; 7.82 G/T GOLD AND 817 G/T SILVER OVER 0.25M

Silver Shield Resources Corp. 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 2.08 grams per tonne gold, 198.6 grams per tonne silver and 0.14 per cent copper over a trench sample width of 1.75 metres, and the central high-grade interval ran 7.82 grams per tonne gold, 817 grams per tonne silver and 0.29 per cent copper over 0.25 metre.

Additional trenching in the La Cumbre East zone, 32 metres east of the shaft, returned values of 0.455 gram per tonne gold, 250.5 grams per tonne silver and 0.93 per cent copper over one metre. 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 metres north of the shaft confirms to the company the existence of a large system on the La Cumbre property.

Company officials have been in 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 around 3,000 tonnes. Upon metallurgical testing being successful, this mineralized material will then be trucked to an existing mill approximately 120 kilometres 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 1980s.

The company remains on its focused path striving to mine and mill mineralized material as soon as economically feasible to produce cash flow and finance 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 65 kilometres southwest of Farallon Resources Campo Morado mine (VMS) and 100 kilometres west of Goldcorp's Los Filos mine (gold).

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