SILVER SHIELD REPORTS FIRST RESULTS FROM DIAMOND DRILLING AT JARIPO
CONCESSION IN MEXICO
UP TO 7% ZINC and 360 g/t SILVER
BURLINGTON, ON, Sept. 15 /CNW/ - Silver Shield Resources Corp. (TSXV - SSR) ("Silver Shield" or "the Company") today announced the results from its diamond drill program at its 2,954 hectare "Jaripo" property the State of Michoacan, Mexico. 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, not exceeding 40 metres and it was expected that mineralization would continue to depth. There is no record of previous diamond drilling at the property.
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 between a package of sedimentary rocks and limestone. 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 within the sediments.
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, with the width of 4 metres in Jar-02 being much wider than expected. Drillholes JAR-02 to 06 are located around the area of historic mining and below. In these holes numerous mineralized intervals were found surrounding the primary vein structure. This suggests that while the mineralization may be more complex than expected, the potential for significantly more mineralization than expected is high. While widths were commonly in the 1 - 2 metre range, a mineralized interval of 13 metres was found in hole JAR-04 and a mineralized interval of 6.25 metres was found in hole JAR-06, also supporting that a larger tonnage may ultimately be found. Lead grades were generally below 1 % but ranged up to 3.6 %. Zinc grades were more consistent and ranged between 2 and 7%. Gold values were low, as expected, but Silver provided significant value with many intervals over 100 g/t and some narrow intervals were over 300 g/t. Mr. Tim Towers, President and CEO of Silver Shield stated "At this time of silver price appreciation we are extremely pleased with the assay results to date and we look forward to further development of the silver resource at Jaripo."
The drilling program has to date, successfully demonstrated the existence of economically interesting grades of Silver-Lead/Zinc mineralization on the Jaripo Concessions with greater widths and more mineralized intervals than expected. Drilling was limited to approximately 100 metres vertically so a great deal of potential remains to be explored. Additional drilling is required to further develop the understanding of the mineralization before a Resource Estimate can be produced.
Initial Results from the first 6 of 12 drillholes follow. Additional assay results are pending from Drillholes JAR-07 to 12, and will be released in the near future.
DH No. Jar-01-10
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Dip: -45 degrees, Strike: 279 degrees, Length: 121.0 metres
Location: 294,395E, 2,063,765N
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Au-g/ Ag-g/
From To Total tonne .tonne Zn-% Pb-%
---- -- ----- ----- ------ ---- ----
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113.05 113.55 0.5 0.01 129 5.2 2.9
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DDH No. Jar-0-2-10
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Dip: -59 degrees, Strike: 281 degrees, Length: 155.0 metres
Location: 294,395E, 2,063,765N
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Au- Ag-
From To Total ppm ppm Zn-% Pb-%
---- -- ----- --- --- ---- ----
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149.5 153.5 4.0 0.038 20.6 2.05 0.17
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DDH No. Jar-03-10
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Dip: -45 degrees, Strike: 278 degrees, Length: 93.0 metres
Location: 294,382E, 2,063,665N
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Au- Ag-
From To Total ppm ppm Zn-% Pb-%
---- -- ----- --- --- ---- ----
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40.0 41.3 1.3 0.031 83.5 0.35 0.24
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59.0 60.0 1.0 0.032 11.5 5.49 0.04
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66.5 67.8 1.3 0.025 18.8 3.93 0.10
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77.0 78.0 1.0 0.093 43.6 0.90 0.33
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79.0 80.0 1.0 0.194 7.1 1.08 0.05
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DDH No. Jar-04-10
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Dip: -64 degrees, Strike: 280 degrees, Length: 158.0 metres
Location: 294,382E, 2,063,665N
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Au- Ag-
From To Total ppm ppm Zn-% Pb-%
---- -- ----- --- --- ---- ----
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90.0 94.0 4.0 0.01 12.8 7.15 0.09
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123.0 124.0 1.0 0.046 19.6 1.45 0.16
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132.5 145.57 13.07 0.056 73.3 3.65 0.83
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DDH No. Jar-05-10
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Dip: - 46 degrees, Strike: 278 degrees, Length: 130.5 metres
Location: 294,370E, 2,065,570N
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Au- Ag-
From To Total ppm ppm Zn-% Pb-%
---- -- ----- --- --- ---- ----
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22.1 22.4 0.4 0.030 305 0.25 0.58
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38.15 40.2 2.05 0.076 198.7 4.16 2.37
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48.0 50.1 2.10 0.048 107.3 2.75 0.23
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59.0 60.0 1.0 0.056 124.0 2.28 0.16
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64.4 66.63 2.23 0.127 73.6 3.25 0.73
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81.05 52.08 1.03 0.039 40.6 0.56 0.11
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85.0 86.0 1.0 0.047 17.6 1.04 0.10
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DDH No. Jar-06-10
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Dip: -61 degrees, Strike: 275 degrees, Length: 118.5 metres
Location: 294,370E, 2,065,570N
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Au- Ag-
From To Total ppm ppm Zn-% Pb-%
---- -- ----- --- --- ---- ----
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35.45 35.85 0.4 0.214 383 3.76 3.62
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71.22 71.75 0.53 0.037 157 4.53 0.15
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84.0 90.25 6.25 0.071 61.55 1.98 0.58
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110.52 113.10 2.58 0.306 56.1 3.57 0.44
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QA/QC
Drill core is logged, and samples saw split, on site. One half of the NQ or HQ diameter core was shipped to SGS Minerales-Durango. in Durango, México, a member of SGS Group of Companies, certified 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: Silver Shield Resources Corp., Donald Shaxon, Manager of Corporate Development, (289) 838-5936 or Tim D. Towers, President and CEO, Tel: (289) 337-6162, Email: [email protected]
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