Silver Fields Resources Inc. Applies for Manitoba Coal Exploration Permits
27 June 2008 - 8:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: RLQ) ("Silver Fields")
("the Company") is pleased to announce the Company has applied to
the Government of Manitoba for a coal exploration permit on two
sections of land close to the Manitoba/Saskatchewan border. The
decision was prompted by examination of Manitoba Geological Survey
maps which indicate that the area is underlain by the Swan River
formation of the same Cretaceous age as the Goldsource Mines Inc.
recent coal discovery.
The permitting process in Manitoba is considerably more
expensive than in Saskatchewan, however management felt it was
prudent to acquire an initial block of land for exploration, as
traditionally, coal deposits are quite extensive and it would be
highly unlikely they would end at the border. Further acquisitions
will be considered as Company geologists continue to do due
diligence.
Recently Silver Fields has applied for permits in Saskatchewan
covering 2 townships, totalling over 18,000 hectares.
Dr. K. Warren Geiger, Ph.D., P. Eng., P.Geo., a Qualified Person
for Silver Fields, as defined by NI 43-101, is currently
co-ordinating the research of the development in east-central
Saskatchewan and west-central Manitoba.
On behalf of the Board of Directors
Chris England, President and CEO, Silver Fields Resources
Inc.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Silver Fields Resources Inc. Chris England President
and CEO (604) 868-1000 Email: info@silverfieldsresources.com
Website: www.silverfieldsresources.com
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