Silver Shield Resources

Published : April 08th, 2011

COMMENCES DRILLING AT WELSH SILVER MINE

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cobalt |
SILVER SHIELD COMMENCES DRILLING AT WELSH SILVER MINE
Silver Shield Resources (TSXV: SSR) is pleased to announce that it has begun a minimum 1,200 metre Diamond drilling program at its Welsh Silver Mine in the Elk Lake , Ontario. The drill is presently located to the south of Silver Claim Lake and later it will be moved to the Welsh Silver Mine.  Due to the close proximity of the drilling and shallow nature of the Welsh Mine area mineralization the company expects holes to be drilled in 100-200 metre lengths.  Phase II drilling completed by the company previously encountered mineralized vein swarming to the south east of the mine. A subsequent small stripping program that was done in the area located these swarms on surface and the company is anxious to drill this area.

With new staking completed in the area by Silver Shield, the Company feels it has secured its position in this area. Upon geological review, certain targets hope to be identified on these new claims and a small number of exploratory drill holes completed.

To aid in the companies already large data base of the mine, a survey of the area around the mine and to the east of the mine is being commissioned.  The survey report will identify old markings and elevations , relevant points including the Welsh shaft, shaft southeast of Welsh main shaft the adit to the Welsh Silver Mine and all Diamond drill holes. With this survey it is felt the Company can more accurately locate the workings and mineralized areas of the mine on previous technical reports and aid in the new drilling.

Tim D. Towers commented "We are pleased to be back in the Historic Producing "Silver Belt of Ontario". The Welsh Silver Mine and surrounding area has a rich heritage and the company feels in these times of escalating silver, Elk Lake is the place to be. With an expanded claim package around the Welsh Mine, and drilling by Amador Gold (AGX-TSX-V) ongoing on their property in close proximity to Silver Shield, we are enthused and excited for this area play. Our shareholders have been patient and supportive and we look forward to rewarding their patience.  I urge all investors to review our original 43-101 technical report on the Welsh Silver Mine. After this drill campaign we will be up-dating our original 43-101."

About the Former Producing Welsh Silver Mine

In 1908, The Welsh Silver Mine shaft was sunk on the #1 vein, to 160 feet and levels established at 75' and 150'. On the 75 foot level five veins were developed, Ag-rich lenses were outlined on these veins, but were never mined. In 1963 Welsh Silver Mines removed a bulk sample from the #4 vein that had an average grade of 22 oz Ag/ton.

Approximately 700 metres southeast of the Welsh Shaft and south of Silver Claim Lake another set of veins occur but in a north-south direction. In 1980 and 1982, 25,568 feet of surface drilling was performed on the Cameron Mine property immediately north of the SSR property. An underground ramp was developed in a southerly direction to the SSR claim boundary by Teck-Lacana in 1983 to prepare the property for production, along with a total of 3,885.5 feet of underground drilling. These veins were shown to extend onto the SSR ground and have been the subject of drilling by both Teck-Lacana and SSR. Recent Diamond drilling by Silver Shield has intersected numerous high-grade silver vein swarms e.g. SCL-08-02 (0.15m @ 2,659.5g/t Ag), SCL-08-09 (0.20m @ 2,589.2 g/t Ag) over a 200+m strike length tracing numerous veins south and extending below the thin Cobalt sedimentary cover.  The southern extensions of these veins are now covered by the expanded property.

 

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.

For further information:

For further information please visit www.silvershieldresources.com or contact:
Silver Shield Resources Corp.

Tim Towers, President and Chief Executive Officer
Donald Shaxon, Manager of Corporate Development, (289) 838-5936
www.silvershieldresources.com
Phone: 289-337-6162      
silvershield@cogeco.net
Fax:  289-337-6678

 

Silver Shield Resources

EXPLORATION STAGE
CODE : SSR.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Silver Shield is a silver development stage company based in Canada.

Silver Shield holds various exploration projects in Canada.

Its main exploration properties are SANDEB PROPERTY and WELSH SILVER MINE in Canada.

Silver Shield is listed in Canada. Its market capitalisation is CA$ 412 850 as of today (US$ 377 964, € 282 679).

Its stock quote reached its highest recent level on June 20, 2008 at CA$ 0.18, and its lowest recent point on August 11, 2014 at CA$ 0.01.

Silver Shield has 82 570 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financials of Silver Shield Resources
10/23/2012Revises its Q1 2012 and Q2 2012 Financial Statements
Project news of Silver Shield Resources
4/8/2011(Welsh Silver Mine)COMMENCES DRILLING AT WELSH SILVER MINE
3/30/2011(Welsh Silver Mine)PREPARES FOR DRILLING - CONTRACTS DRILLER FOR WELSH SILVER M...
Corporate news of Silver Shield Resources
10/4/20122012 AGM results & Mr. John Grounds appointed as director
10/4/20122012 AGM results & Mr. John Grounds appointed as director
9/13/2012enters into letter of intent for Real de Guadalupe Gold / ...
7/5/2011INTERSECTS 6,668 G/T AG INTERVAL, AND 20 OUNCES PER TON ...
3/15/2011(Welsh Silver Mine)EXPANDS PROPERTY HOLDINGS AROUND WELSH SILVER MINE
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SSR.V)
0.005+0.00%
TSX-V
CA$ 0.005
08/11 15:54 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -50.00%
Volume 1 month var.
500,000 -50.00%
24hGold TrendPower© : -2
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.53-2.21%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.46-6.22%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54+2.68%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.65+0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.72-4.61%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.23+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.74-8.42%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.18-3.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :