Silver Shield discovers new area of mineralization at the La Cumbre Gold/Silver Property Mexico
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).
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responsibility for the adequacy or accuracy of this news release.
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Tim Towers, CEO (289)-337-6162
Donald Shaxon Corporate Development (289) 838-5936
Email: silvershield@cogeco.net