Silver Fields Resources Inc. Receives Additional Saskatchewan Coal Exploration Approvals
26 June 2009 - 8:00PM
Marketwired
Silver Fields Resources Inc. ("Silver Fields") ("the Company") (TSX
VENTURE: SF)(FRANKFURT: RLQ) is pleased to announce the Company has
received notification from the Saskatchewan Ministry of Environment
that the project proposal for the Company's exploration program on
the Wapawekka Lake Project located near Lac La Ronge, has been
approved.
The overall program has identified 34 potential drill sites on
Coal Prospecting Permits held by Silver Fields and will consist of
drilling, sampling, and geophysical logging of the near surface
sediments to determine the thickness of coal measures, distribution
of coal seams within the coal measures, coal seam thickness and
initial coal quality data in each hole.
Management is leaving for Lac La Ronge next week to meet with
the site geologist and the site manager to finalize the number of
holes to be drilled in the first phase and begin the mobilization
process. It is expected exploration and drilling could commence
early in August, depending on weather conditions, ground
conditions, and the completion of the financing announced in
Stockwatch June 2nd, 2009. This program would be in addition to the
drilling on the Old Channel project, near Tobin Lake.
The commodity sought is sub-bituminous coal within the Lower
Cretaceous age Manville Group sediments. The coal horizon is
reported to lie within approximately 100 metres of the surface.
Western portions of the project area lie only 10 to 15 kilometres
southeast of the previously defined Bow River Coal Resource. Many
known coal outcrops and previous drill holes where coal beds were
encountered, exist in the surrounding area.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Dr. K. W. Geiger, Ph.D., P.Eng., P.Geo., a director of the Company
and a qualified person.
On behalf of the Board of Directors
Silver Fields Resources Inc.
Chris England, President & CEO
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Silver Fields Resources Inc. Chris England President
& CEO 604-684-0454 info@silverfieldsresources.com
www.silverfieldsresources.com
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