Silver Shield discovers new area of mineralization at the La Cumbre Gold/Silver Property Mexico
26 July 2011 - 9:45PM
PR Newswire (Canada)
BURLINGTON, ON, July 26, 2011 /CNW/ -- BURLINGTON, ON, July 26,
2011 /CNW/ - Silver Shield Resources (TSXV: SSR) is pleased to
announce that it has discovered a previously unknown, easterly
trending shear, located ~400mN of the La Cumbre shaft at its 100%
owned La Cumbre Silver-Gold Property. Initial sampling, from the
new shear zone returned an assay of 1.789g/t Au, 4,031 g/t Ag
(117.6 oz/ton), 6.18% Cu, 0.16% Pb and 0.04% Zn (0.5m wide). The
new "Shear Zone" was encountered while completing follow-up work on
a 400m long Au, Ag, Cu, Pb and Zn soil geochemistry anomaly and is
sub-parallel to the main system of mineralization on the property,
within andesitic volcanic rocks. A crew is being mobilized this
week to commence a trenching program to trace the shear and obtain
better understanding as to its width and length and to obtain
additional samples. Other sites identified in the Geochemistry
survey are also being evaluated for trenching. The La Cumbre
Silver-Gold Property (7,000ha) had the first phase of drilling
performed in 2008. The company has recently been performing surface
work at the site in preparation for further exploration and Phase
II Drilling in late 2011. Company workers will be performing
maintenance on the office building at the site and will be
performing small scale rehabilitation on the adit and shaft.
The shaft is being evaluated for a total rehab to enable access to
the lower mining levels. As part of the overall surface work
tracing mineralization through the use of soil sampling follow-up
has been on-going. Tim Towers, CEO commented "The La Cumbre Gold
and Silver Property is a quality asset and with $1,600 USD gold and
$40 USD silver the company is looking to drill and expand on its
previous successful Phase I program. The company maintains its
stated focus on acquiring and developing gold and silver properties
with near surface mineralization in order to minimize mining costs
when developed. 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.
To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/July2011/26/c7415.html p
Tim Towers, CEO (289)-337-6162br/ Donald Shaxon
Corporate Development (289) 838-5936br/ Email: a
href="mailto:silvershield@cogeco.net"silvershield@cogeco.net/a /p
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