Silver Fields Acquires Additional Property in Area of High Silver Assays
08 September 2011 - 9:00PM
Marketwired
Silver Fields Resources Inc. (TSX VENTURE: SF)(FRANKFURT: RLQ) (the
"Company") ("Silver Fields) is pleased to report that following
analysis of chip samples from the "Cow Trail" exploration area,
which assayed up to 1,625 grams of silver per tonne over a true
vein width of 0.15 metres (Stockwatch August 16th, 2011), has
acquired an additional 800 hectares of land, bringing the total
holdings for the Horn Silver project to 2,408 hectares.
The project contains a newly discovered quartz vein located well
beyond the previously mined areas, and intermittently exposed for a
distance exceeding 40 metres before being covered by overburden.
This has led Silver Fields' geological staff to believe that the
productive mineralized system maybe much larger than previously
thought. Additional soil and chip samples have been taken and
submitted for assay.
President and CEO of Silver Fields, Chris England, stated: "We
are very pleased with the progress of our exploration in this area.
The excellent results received to date and the ease of access to
the area has prompted the Company to focus on carrying out a drill
program in early fall. The Government permits have been applied for
and are well advanced through the approval process. Negotiations
have been ongoing with several drilling companies, and final
contracts will be signed when the permits have been received."
Technical material in this news release has been prepared and/or
reviewed by Peter Folk, P.Eng., a Qualified Person as defined in
NI43-101. Analyses quoted here were performed for Silver Fields
Resources Inc. by Acme Analytical Laboratories, Vancouver B.C.
using fire assay techniques with a gravimetric finish on a 30 gram
charge.
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.
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
and CEO (604) 684-0454/(604) 868-1000
info@silverfieldsresources.com www.silverfieldsresources.com
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