7.82 g/t Gold and 817 g/t Silver Over 0.25m
BURLINGTON, ON, Oct. 18, 2011 /CNW/ - Silver Shield Resources (TSXV:
SSR) 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 andthe 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.
<p> Tim Towers, CEO (289)-337-6162<br/> Email: <a href="mailto:silvershield@cogeco.net">silvershield@cogeco.net</a> </p>