ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SSR

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:SSR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Clarification of Press Release: Silver Shield Resources Intersects 710 g/t Ag over 1.04 metres,

05/07/2011 7:09pm

PR Newswire (Canada)


(TSXV:SSR)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more  Charts.
BURLINGTON, ON, July 5, 2011 /CNW/ -- BURLINGTON, ON, July 5, 2011 /CNW/ - Silver Shield Resources Corp. is pleased to announce that all assays in the recently completed drill program totaling 1,238 metres in ten (10) drill holes have now been received including the re-assays with metallics. Holes SCL-11-01 to SCL-11-07 were drilled in the SE portion of the property, 700m from the main Welsh Shaft, to test the new high grade veins and extensions of the veining discovered in our Phase II drilling. The area tested is immediately south of the Amador Gold (AGX-V) Silverclaim Lake property. The last 3 holes WSM-11-01 to WSM-11-03 were drilled to the east of the Welsh Mine. The Welsh Silver Mine area is underlain by Nipissing Gabbro that has intruded into sedimentary rocks of the Gowganda Formation similar in style and setting to mines found in Gowganda, Cobalt, Silver Centre and elsewhere in the area. As such these veins are narrow but, as demonstrated by this intersection, can be very rich in silver. At times these high-grade intersections are accompanied by copper, cobalt, nickel, arsenic, bismuth, lead, etc. While all of the holes in the program intersected mineralized veins, only Drillhole WSM-11-07 returned significant assay values.  Previous drilling in the area of SCL-11-07 intersected multiple veins with grades to 2,659.5 g/t Ag over 0.15m (77.6 oz/t). At this time the company is unsure if this is the same high-grade lens or one of the other numerous veins previously intersected. Silver-rich shoots in these settings usually extend for 10's of meters horizontally and vertically, pinch and swell and can mineralize the wall-rock adjacent to the veins with fine native silver or argentite resulting in mining widths much wider than the vein itself. Due to this nugget effect it is difficult to intersect the mineralized lenses by diamond drilling. The following is a summary of the significant assay intervals from SCL-11-07: -- 1.04 m from 55.58 - 56.62 m grading 710.42 g/t Ag (20.74 opt) -- 1.16 m from 90.91 - 92.07 m grading 532.39 g/t Ag (15.54 opt) -- 0.09m from 109.29- 109.38m grading 96 g/t Ag (2.80 opt) The importance of these intervals is that economically interesting grades over typical mining widths have been obtained for the first time.  These intersections correlate very well with previous drilling and especially with values from the mine workings which are immediately north of the area being drilled. Further exploration work on the property will need to be from the underground access.  At this time no determination of "economic grades" or actual mining widths has been made. Details of the above assay intervals are provided in the following table: SCL-11-07 East North elev. dip length 542461.385 5285513.678 362.332 -45 150 Assay Intervals Depth Sample Sample # From To Length Ag-ppm (m) (m) (m) E5332912 55.58 55.88 0.30 0.2 E5332792 55.88 56.12 0.24 3.0 E5332793 56.12 56.22 0.10 6,668.0 E5332794 56.22 56.32 0.10 712.0 E5332913 56.32 56.62 0.30 0.2 Interval Length 1.04 E5332918 90.91 91.21 0.30 0.8 E5332795 91.21 91.32 0.11 258.0 E5332796 91.32 91.53 0.21 1,255.0 E5332797 91.53 91.61 0.08 86.0 E5332798 91.61 91.69 0.08 3,807.0 E5332799 91.69 91.77 0.08 172.0 E5332919 91.77 92.07 0.30 0.4 Interval Length 1.16 The technical information in this press release has been reviewed by Stephen G. Mlot, P.Eng the Qualified person under NI-43-101 for the Company. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Company Management, which takes full responsibility for content, prepared this news release.  In order to proceed fully with the Company's exploration and acquisition plans, additional funding may be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/05/c3392.html p /p table valign="top" border="0" tr td colspan="3" bSilver Shield Resources Corp./b /td /tr tr td colspan="3" Tim Towers, President and Chief Executive Officer /td /tr tr td colspan="3" Donald Shaxon, Manager of Corporate Development, (289) 838-5936 /td /tr tr td a href="http://www.silvershieldresources.com"www.silvershieldresources.com/a     /td td /td td a href="mailto:silvershield@cogeco.net"silvershield@cogeco.net/a /td /tr tr td Phone: 289-337-6162       /td td /td td Fax:  289-337-6678 /td /tr /table

Copyright

1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart

Your Recent History

Delayed Upgrade Clock