SILVER SHIELD DRILLING INTERSECTS MINEABLE WIDTHS AT JARIPO CONCESSION IN
MEXICO: 4.6 METRES OF 180 g/t SILVER
BURLINGTON, ON, Sept. 23 /CNW/ - Silver Shield Resources Corp. (TSXV - SSR) ("Silver Shield" or "the Company") today announced additional results from its diamond drill program at its 2,954 hectare "Jaripo" property the State of Michoacan, Mexico
Drillhole JAR-08 intersected a section of 4.6 metres in width grading 179.8 grams per tonne Silver, at a depth of only 78 metres below surface. This intersection lines up with the wide intervals of 13 metres found in hole JAR-04, and 6.25 metres found in hole JAR-06, (released previously) supporting management's expectation that a larger tonnage will ultimately be found. The potential for significantly more mineralization than expected is high, given the shallow first phase drill results and multi-vein intersections per hole.
The following are highlights of the last 6 holes:
- Jar-08 returned 4.60m of 0.47g/t Au, 179.6g/t Ag, 1.53% Pb and
1.50% Zn including 2.72m of 0.76g/t Au, 229.6g/t Ag, 2.10% Pb and
2.52% Zn in semi to massive sulfides.
- Jar-09 returned 2.0m averaging 0.03g/t Au, 113.2g/t Ag, 0.83% Pb and
0.92% Zn including 0.6m of 0.03g/t Au, 295g/t Ag, 2.34% Pb and
2.96% Zn.
- Jar-09 returned 1.3m averaging 0.03 g/t Au, 183.1 g/t Ag, 0.31% Pb and
0.55% Zn including 0.7m of 0.03 g/t Au, 292 g/t Ag, 0.52% Pb and
0.87% Zn.
- Jar-11 returned 1.0m of 0.16g/t Au, 346g/t Ag, 2.45% Pb and 4.49% Zn
in semi-massive sulfides
Silver continues to provide significant value with many intervals over 100g/t and some over 300g/t (e.g. 0.90m of 378g/t in Jar-05-10). Grades of lead and zinc mineralization can also be high in the massive sulfide intersections. Gold is generally low, however values up to 1.48g/t/0.95m (Jar-08-10) have been returned. One zone of anomalous Moly was also intersected in Jar-07-10 from 81.05 to 89.50m and averaging 0.037% over 8.45m.
Tim D. Towers commented on these second set of results. "The existence of wider sections of good grade Silver and Zinc and the extension of the veining as expected in this limited drill program excites the company. It is hoped that with the good results garnered here we can expand and enhance the mineralized zones with a more targeted and more comprehensive second phase of drilling. The company is pleased that with Jaripo's results, we now have, with La Cumbre, two significant Mexican metal properties that we feel can be advanced in the near future. The recent emergence of a strong silver market, further aids in our development plans for these properties."
Details of results from Drillholes JAR-07 to 12 follow with location co-ordinates
DDH No. Jar-07-10
-----------------
Dip: -45 degrees, Strike: 278 degrees, Length:97.5 metres
Location: 294,358E, 2,063,472N
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From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
48.75 49.25 0.50 0.025 53.5 3.47 0.55
---------------------------------------------------------------
50.6 50.9 0.3 0.015 62.3 7.83 0.59
---------------------------------------------------------------
51.55 54.0 1.45 0.019 51.6 0.85 0.53
---------------------------------------------------------------
84.0 85.0 1.0 0.01 5.8 1.52 0.01
---------------------------------------------------------------
85.5 86.5 1.0 0.01 12 5.5 0.11
---------------------------------------------------------------
DDH No. Jar-08-10
-----------------
Dip: -60 degrees, Strike:274 degrees, Length:123 metres
Location: 294,358E, 2,063,472N
---------------------------------------------------------------
From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
61.4 62.7 1.3 0.058 51.6 0.09 0.11
---------------------------------------------------------------
84.0 85.0 1.0 0.07 98.9 3.79 0.40
---------------------------------------------------------------
87.8 92.4 4.60 0.47 179.8 1.50 1.53
---------------------------------------------------------------
110.17 110.86 0.69 0.07 95.6 2.8 0.84
---------------------------------------------------------------
DDH No. Jar-09-10
-----------------
Dip: - 47degrees, Strike:276 degrees, Length:103.5 metres
Location: 294,344E, 2063370N
---------------------------------------------------------------
From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
64.0 66.0 2.0 0.029 113.2 0.52 0.83
---------------------------------------------------------------
75.0 76.3 1.3 0.033 183.1 0.55 0.31
---------------------------------------------------------------
DDH No. Jar-10-10
-----------------
Dip: - 46degrees, Strike:282 degrees, Length:120 metres
Location: 294,290E, 2,063,067N
---------------------------------------------------------------
From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
66.0 67.15 1.15 0.01 42.6 0.34 0.22
---------------------------------------------------------------
DDH No. Jar-11-10
-----------------
Dip: - 47 degrees, Strike:096 degrees, Length:123 metres
Location: 294,164E, 2,063,933N
---------------------------------------------------------------
From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
99.0 100.0 1.0 0.157 346 4.49 2.45
---------------------------------------------------------------
119.0 119.55 0.55 0.113 299 0.46 0.29
---------------------------------------------------------------
DDH No. Jar-12-10
-----------------
Dip: -62 degrees, Strike:098 degrees, Length:165 metres
Location: 294,164E, 2,063,933N
---------------------------------------------------------------
From To Total Au-ppm Ag-ppm Zn-% Pb-%
---- -- ----- ------ ------ ---- ----
---------------------------------------------------------------
145.0 146.0 1.0 0.026 58.2 0.64 0.33
---------------------------------------------------------------
A total of 1,503 metres was drilled in 12 holes drilling program at Jaripo was designed to trace the mineralized zone over a 400 metre interval near the main area of historic mining, and also to investigate the area to the south where numerous other old mine workings are located. Historic mining is quite shallow in depth, probably not exceeding 40 metres and it was expected that mineralization would continue to depth. The drilling program has to date, successfully demonstrated the existence of potentially economic grades of Silver-Lead/Zinc +/- Gold mineralization on the Jaripo Concessions with greater widths and more mineralized intervals than expected to at least 125 metres in depth. Previously released results from drillholes JAR-01 and 02 successfully located the mineralized zone north of the area of previous mining and intersected good Lead/Zinc and Silver values. Also mineralization was found to the west of the felsic dyke, where it was not previously known or believed to exist. A follow up diamond drill program is being planned to further develop the understanding of the mineralization.
The Jaripo Concessions are Geologically located within the Huetamo Subterrain in Michoacan State, and cover a generally north-south trending mineralized structure located at the thrust fault boundary of a sedimentary and limestone package. Intruded between theses rocks is a felsic dike of up to 10 m wide. Mineralization is generally hosted within a zone of carbonate veining that flanks the east contact between the dike and the sediments, and has now been found on the west side.
QA/QC
Drill core is logged, and samples saw split, on site. One half of the HQ diameter core was shipped to SGS Minerales-Durango. in Durango, México, a member of SGS Group of Companies, certified by ABS Quality Evaluations, Inc. annually in compliance with the ISO 9001:2000 Guidelines for Quality Management. All samples received are prepared for analysis and finished in Durango without shipment to another facility. The entire sample is thoroughly dried, reduced to (greater than)80% -10 mesh by jaw crusher. A 250-300 grams subsample is then split and pulverized to (greater than)90% -150 mesh with a pulverizing mill. Tested barren sand is used as to clean the equipment between each sample.
Aqua Regia digestion and ICP-AES, is used to determine silver and other metals content (LDL Silver 0.1 ppm) on a 1 g sample. Gold is determined by Fire Assay-AA Finish (LDL Au 10 ppb) on a 1 Assay Ton sample. For Overlimit assays gold is determined by a 30 g Fire Assay - Gravimetric finish to LDL of 0.005 oz/ton or 0.15 g/t, and silver is determined by 30 g Fire Assay - Gravimetric finish to a LDL of Ag 0.5 oz/ton or 15.5 g/t Internal Lab Quality Control consists of a repeat of every tenth sample, and for every 20 samples run, a standard and a blank sample is also analyzed. Silver Shield will also be instituting a QA/QC program consisting of Certified control standards, and coarse field blanks to be inserted into the sample stream. A program of analysis of duplicate samples at other labs will be undertaken. Company Director, Stephen Mlot, P. Eng, is the Qualified Person as defined by National Instrument 43-101 who has reviewed the contents of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
%SEDAR: 00024773E
For further information: please visit www.silvershieldresources.com or contact: Email: [email protected], Donald Shaxon, Manager of Corporate Development, (289) 838-5936 or Tim D. Towers, President and CEO, Tel: (289) 337-6162
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