Additional High Grade in New Trenches at the La Cumbre Silver/Gold Property Mexico
18.10.2011 | CNW
7.82 g/t Gold and 817 g/t Silver Over 0.25mBURLINGTON, ON, Oct. 18, 2011 /CNW/ - Silver Shield Resources is pleased to announce that it has sampled additional high grade gold and silver in the La Cumbre West Zone. Sampling taken 22 metres west of the shaft, in a sheared malachite stained vein returned an average of 2.08g/t Au, 198.6g/t Ag and 0.14% Cu over a trench sample width of 1.75m and the central high grade interval ran 7.82g/t gold, 817g/t silver and 0.29% Cu over 0.25m.
Additional trenching in the La Cumbre East Zone, 32 metres ast of the shaft, returned values of 0.455g/t Au and 250.5g/t Ag and 0.93% Cu over 1.0m. The presence of these excellent values gold and silver both east and west of the shaft, taken in conjunction with the previously released high grade samples 400 m. north of the shaft confirms to the company the existence of a large system on the La Cumbre Property.
Company officials have been in ongoing discussions with contract miners in Mexico to enable a mine development plan to be developed. This development plan will include drifting on the 50 metre level for approximately 300 metres with development in mineralized vein material producing ~3,000 tonnes. Upon metallurgical testing being successful, this mineralized material will then be trucked to an existing mill approximately 120 km away to be processed. The Company plans to use this drifting to enable a targeted exploration drill program from underground to be performed. Surface drilling as well is being planned at the same time in early 2012. These programs will further expand the previous mineralized lens identified and mined in the 1980's.
The company remains on its focused path striving to mine and mill mineralized material as soon as economically feasible to produce cash flow and fund future mining and exploration internally.
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.
CONTACT:
Tim Towers, CEO
Silver Shield Resources Corp.
(289)-337-6162
Email: silvershield@cogeco.net