Silver Shield enters into letter of intent for Real de Guadalupe Gold / Silver Mine Mexico

    




 BURLINGTON, ON, Sept. 13, 2012 /CNW/ - Silver Shield Resources  ("Silver Shield" or the "Corporation")  is pleased to announce  that it has entered into a letter of intent to acquire a undivided 100%  interest in the former producing Real de Guadalupe Gold and Silver Mine  in Guerrero State Mexico. The Corporation has until November 17, 2012  to complete its due diligence and enter into a binding agreement upon  successful review of the property, title and property visits. Terms for  the letter of intent are stated in USD, and are as follows: 

  





    1)      Payment of $5,000.00 upon signing to enable Silver Shield
            geologists the unfettered access to the property and all mining
            and technical records.

    2)      Upon signing a formal deal Silver Shield Resources will pay a
            sum of $30,000.00. Payments are staged as follows: $30,000.00
            at the six, twelfth, eighteen anniversary dates with $50,000.00
            due on the 24th month anniversary, $100,000.00 on the 30th
            month anniversary, and a final payment of $230,000.00 due on
            the 36th month anniversary.

    3)      Upon completion Silver Shield Resources will have 100%
            ownership of the Real de Guadalupe Gold and Silver Mine, with a
            stated royalty of $3.00 per tonne payable to the vendors.






  

 About the Real de Guadalupe Mine 

 The Mine consists of 500 hectares and lies in Guerrero State, Mexico  approximately 40 km northeast of Ixtapa-Zihuatenejo. The mines of the  area date back to the 1800's when the Spaniards worked on near surface  Gold, Silver, Copper, Lead & Zinc veins. Reported historic production  at Real de Guadalupe, averaged 450 grams Silver and 2 grams Gold, with  a high lead and zinc content. The style of mineralization is classified  as epithermal, poly-metallic of low to medium sulphidation. There are  some mineralized stockpiles on surface, tailings from the previous  milling and reported mineralized material remaining in the mine. The  mine closed in 1989 due to infrastructure issues with the 50 t/day  mill. Mining was performed from adits and some internal shafts over  ~200m elevations. Silver Shield Resources is planning an exploration  program of mapping, surface sampling of the mineralized stockpiles and  tailings as part of its due diligence. Silver Shield Resources is  determined in bringing high grade small to medium mines into production  such as Real de Guadalupe. 

 Tim Towers President and CEO of Silver Shield Resources commented:  "While these are challenging times for the junior miners, the  opportunity to add a potential high grade producer to our stable of  Southern Mexican Silver Belt properties cannot be missed! With Temixco,  La Cumbre and potentially Real De Guadalupe, we are at the cusp of  taking great strides in moving the company into the next tier.  The  resurgence of Gold and Silver prices in recent days adds to the allure  of this quality asset. Silver Shield's good relations with the Mexican  people, prospectors and mills in the area will certainly aid the  Corporation's stated production focus." 

 Tim Towers also stated "Silver Shield Resources continues to source both  debt and equity financing to move our quality projects to first stage  production.  Despite the difficult market conditions for junior mining  companies, the quality of our assets has allowed us to meet with  several firms. We are considering the options and terms that have been  presented to us thus far, and will proceed if the terms are favorable  for the Corporation and its shareholders." 

 About Silver Shield Resources 

 Silver Shield Resources is determined to become a world class silver  producing company. The Corporation's immediate plans, once funded, are  to commence silver production on its fully owned and past producing  LaCumbre Silver Mine in Mexico. The Corporation's immediate plans also  include implementing, and completing a sampling program and  metallurgical study to confirm that past results of assaying of the  tailings deposit located at Silver Shield Resources' Temixco  concession.  The tailings deposit is thought to contain ~500,000  tonnes, with an average grade of 145.3 g/t Ag and 1.00 g/t Au. Once the  results are confirmed, the Corporation will immediately begin working  towards an operation process the tailings pile recovering gold, silver  lead and zinc in concentrates. For more information regarding the  Corporation please visit the corporate website at www.silvershieldresources.net 

 Forward-Looking Statements 

 Information set forth in this news release may involve forward-looking  statements under applicable securities laws. The forward-looking  statements contained herein are expressly qualified in their entirety  by this cautionary statement. The forward-looking statements included  in this document are made as of the date of this document and the  Corporation disclaims any intention or obligation to update or revise  any forward-looking statements, whether as a result of new information,  future events or otherwise, except as expressly required by applicable  securities legislation. Although Management believes that the  expectations represented in such forward-looking statements are  reasonable, there can be no assurance that such expectations will prove  to be correct. This news release does not constitute an offer to sell  or solicitation of an offer to buy any of the securities described  herein and accordingly undue reliance should not be put on such.  Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in the policies of the TSXV) accepts  responsibility for the adequacy or accuracy of this release. 

   

Silver Shield Resources Corp.


CONTACT:  Mr. Tim D. TowersPresident and CEOSilver Shield Resources Corp.Tel: [phone]E-mail: [e-mail]     Mr. Frank KordyCorporate Communications Manager Silver Shield Resources Corp.Tel: [phone]E-mail: [e-mail] 


    

Copyright