Silver Shield Resources Corp.
TSX VENTURE : SSR

Silver Shield Resources Corp.

June 18, 2008 09:29 ET

Silver Shield Intersects Mineable Widths of High Grade Gold and Silver at La Cumbre; Plus 2,159.15 g/t Silver, 28.441 g/t Gold Over 0.55 Metres

BURLINGTON, ONTARIO--(Marketwire - June 18, 2008) - Silver Shield Resources Corp. (TSX VENTURE:SSR) ("Silver Shield" or the "Company") today announced the final assay results received from the 2,500-metre drill program at the La Cumbre property in Guerrero State, Mexico. Assay results have been received for the final 11 holes from an 18 hole program (holes LC-08-08 to LC-08-18), Previous highlights included Hole LC-08-01 which intersected 308.28 g/t silver and 1.378 g/t gold over 3.8 metres. High grade intersections of gold and silver have been encountered in Hole LC-08-10 and LC-08-11. Hole LC-08-10 intersected numerous silver and gold areas with the highlight being 3.429 g/t gold, 1806.90 g/t silver with an additional 2.65% copper over 0.90 metres. The intersection of 2159.15 g/t silver and 28.441 g/t gold over 0.55 metres in LC-08-11 is within a section of 9.571 g/t Au and 635.6 g/t Ag over 2.85 m of a multi-vein system.

Tim D. Towers, President and CEO, commented, "The final assay results received by the Company have warranted our beliefs that the property is a wide-spread mineralized conduit system yielding results of mineable widths. The high silver values plus the sections of high gold values, combined with the lack of lead and zinc values in these additional holes, support our previous model suggesting that we are in the upper or higher section of the epithermal system which could hold considerable silver-gold values. As are their nature, we believe that a highly mineralized parallel veining system could be present. The drill results add further credence to the Company's belief that this system is open to the east, west and at depth. The assays received from this round of drilling are the highest yet on this untapped property's potential. The Company will review all data to plan a fall Phase II drill program to expand these exciting results."

The La Cumbre Mine is a fault hosted epithermal system within a sequence of flat lying mafic volcanic flows and breccias, along with interbedded conglomeratic sediments. The mineralized system is typical of other Mexican deposits in style and setting. The epithermal vein systems are usually characterized by having higher gold and silver near the top of the system and becoming more base metal rich at depth. As such, the drilling has confirmed Management's original theory upon acquiring the La Cumbre Concession, that we are near the top of the system. These styles of mineralization typically extend to a 600-metre depth in Mexico, and can have extended lengths.

The drilling has indicated that later faulting may have offset the veins slightly to the south below the 50-metre level of the mine. This is the reason that the undercutting -60 degree holes failed to intersect the mineralization as planned, such as holes LC-08-04 and LC-08-05. The next phase of drilling will be from the south to north along with deeper diamond drilling. Minerals noted in the core were argentite, cerargyrite, malachite, azurite, chalcopyrite, sphalerite and galena hosted within a quartz +/-carbonate veins and alteration zones around veins.



DDH No. LC-08-08
----------------
Dip: -45 Degrees, Strike: 200 degrees, Length: 102 metres
Grid Location:0+11W, 0+39N, Elevation:1,080.4 metres

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From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
20.2m 21.3m 1.1m less 0.000 23.50 0.7 0.14 0.006 0.10
than
0.005
---------------------------------------------------------------------------

DDH No. LC-08-09
----------------
Dip: -60 degrees, Strike: 200 degrees, Length: 105 metres
Grid Location: 0+11W, 0+39N, Elevation: 1,080.4 metres

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From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
27.9m 28.3m 0.36m 0.04 99 2.9 1.61 0.04 0.04
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34.05m 35.15m 1.1m 2.29 0.067 370.3 10.8 0.22 0.10 0.14
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52.55m 52.85m 0.30m 1.81 0.053 25.9 0.8 0.06 -- --
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58.0m 59.0m 1.0m 0.10 0.003 55 1.6 0.04 0.33 0.04
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DDH-No. LC-08-10
----------------
Dip: -45 Degrees, Strike: 160 Degrees, Length: 108 metres
Grid Location: 0+04E, 0+50N, Elevation: 1,080.5 metres

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From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
21.3m 21.6m 0.30m 0.25 0.007 798.5 23.3 0.80 0.03 0.13
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32.2m 33.0m 0.80m 0.05 0 257.4 7.51 0.299 0.07 0.18
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33.0m 33.68m 0.68m 0.805 0.023 106.0 3.09 0.180 0.065 0.18
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33.68m 34.70m 1.02m 0.115 0.003 91.00 2.65 0.165 0.048 0.13

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34,70m 35.07m 0.37m 0.766 0.022 1977.40 57.68 1.57 0.344 0.14
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38.00m 38.57m 0.57m Trace 0 21.50 0.63 0.267 0.100 0.22
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38.57m 39.00m 0.43m 0.215 0.007 324.00 9.45 0.340 0.500 0.16
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39.00m 39.90m 0.90m 3.429 0.100 1806.90 52.70 2.650 1.900 0.15
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39.90m 41.00m 1.10m 2.786 0.081 1132.30 33.03 .0810 2.480 0.23
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INCLUDES
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32.2m 35.07m 2.87m 0.349 0.010 384.1 11.2 0.49 0.10 0.16
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38.57m 41.0m 2.43m 2.55 0.074 1,239.1 36.1 1.08 1.91 0.19
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DDH LC-08-11
------------
Dip: -60 Degrees, Strike: 160 Degrees, Length: 150 metres
Grid Location: 0+04E, 0+50N, Elevation: 1,080.5 metres

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From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
24.0m 24.4m 0.40m 0.63 0.018 662.2 19.3 0.41 0.06 0.16
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25.7m 26.62m 0.92m less 0.000 74 2.2 0.10 0.04 0.11
than
0.005
---------------------------------------------------------------------------
43.8m 48.6m 4.80m 0.872 0.025 183.3 5.3 0.14 0.04 0.12
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50.78m 57.0m 6.22m 0.579 0.017 84.05 2.5 0.09 0.03 0.10
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60.0m 61.5m 1.5m 0.134 0.004 51.3 1.5 0.08 0.02 0.09
---------------------------------------------------------------------------
66.0m 69.0m 3.0m 0.136 0.004 31.4 0.9 0.12 0.04 0.06
---------------------------------------------------------------------------
69.0m 74.0m 5.0m 2.935 0.086 102.3 3.0 0.11 0.04 0.08
---------------------------------------------------------------------------
74.0m 77.0m 3.0m 0.072 0.002 18.5 0.5 0.10 0.02 0.12
---------------------------------------------------------------------------
77.0m 77.35m .35m 5.966 0.174 1156.3 33.73 .287 .554 .109
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77.35m 77.85m 1.00m .195 0.006 17.5 0.51 .014 .022 .082
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78.35m 79.35m 1.00m .055 0.002 44.0 1.28 .129 .058 .142
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79.35m 80.35m 1.00m .088 0.003 46.0 1.34 .084 .039 .086
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80.35m 81.15m .80m .283 0.008 54.0 1.58 .051 .066 .061
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81.15m 81.80m .65m 6.72 0.196 300.1 8.75 .042 .044 .040
---------------------------------------------------------------------------
81.80m 82.35m .55m .454 0.013 68.0 1.98 .022 .023 .025
---------------------------------------------------------------------------
82.35m 82.85m .50m 10.765 0.314 680.9 19.86 .105 .030 .030
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82.85m 83.40m .55m 28.441 0.830 2159.15 62.98 .045 .015 .065
---------------------------------------------------------------------------
83.40m 84.00m .60m 2.296 0.067 85.0 2.48 .0249 .023 .053
---------------------------------------------------------------------------
INCLUDES
---------------------------------------------------------------------------

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77.0m 81.15m 4.15m 0.652 0.019 133.8 3.9 0.09 0.09 0.09
---------------------------------------------------------------------------
81.15m 84.0m 2.85m 9.571 0.279 635.6 18.5 0.05 0.03 0.04
---------------------------------------------------------------------------

DDH NO. LC-08-12
----------------
Dip: -45 Degrees, Strike: 180 Degrees, Length: 153 metres
Grid Location: 0+50E,0+66N, Elevation: 1,087.2 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
62.14m 63.0m 0.86m 1.466 0.043 28.5 0.8 0.10 0.06 0.07
---------------------------------------------------------------------------

DDH No. LC-08-13
----------------
Dip: -45 degrees, Strike: 00 Degrees, Length: 150 metres
Grid Location: 1+44W, 0+48S, Elevation: 1,083.1 metres

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From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
48.05m 48.55m 0.50m 0.492 0.014 12 0.4 0.02 0.37 0.04
---------------------------------------------------------------------------

DDH No. LC-08-14
-----------------
Dip: -60 degrees, Strike: 00 Degrees, Length: 150 metres
Grid Location: 1+44W, 0+48S, Elevation: 1,083.1 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
67.78m 68.78m 1.0m 0.051 0.001 12.5 0.4 0.03 0.02 0.06
---------------------------------------------------------------------------

DDH No. LC-08-15
-----------------
Dip: -45 Degrees, Strike: 00 Degrees, Length: 207 metres
Grid Location: 8+50W, 0+67S, Elevation: 783.7 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
67.0m 68.0m 1.0m 0.03 0.009 32.4 1.0 0.34 0 0.02
---------------------------------------------------------------------------

DDH No. LC-08-16
----------------
Dip: -60 Degrees, Strike: 00 Degrees, Length: 150 metres
Grid Location: 8+50W, 0+67S, Elevation: 783.7 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
79.0m 79.5m 0.5m less 0.000 12.1 0.4 0.16 0.00 0.02
than
0.005
---------------------------------------------------------------------------

DDH No. LC-08-17
----------------
Dip: -45 Degrees, Strike: 130 Degrees, Length: 135 metres
Grid Location: 6+75W, 1+66S, Elevation: 841.3 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
69.5m 70.0m 0.5m less 0.000 1 0.0 0.41 0.00 0.01
than
0.005
---------------------------------------------------------------------------

DDH No.LC-08-18
---------------
Dip: -55 degrees, Strike: 012 Degrees, Length: 75 metres
Grid Location: 0+08W, 0+23S, Elevation: 1,100.5 metres

---------------------------------------------------------------------------
From To Total Au Au Ag Ag Cu% Pb% Zn%
---- -- ----- -- -- -- -- --- --- ---
ppm oz/ton ppm oz/ton
--- ------ --- ------
---------------------------------------------------------------------------
61.62m 62.09m 0.47m 0.285 0.008 89.0 2.6 0.03 0.03 0
---------------------------------------------------------------------------
67.18m 68.67m 1.49m 0.628 0.018 39.1 1.1 0.04 0.03 0.10
---------------------------------------------------------------------------


QA/QC

Drill core is logged, and samples saw split, on site. One half of the BQ diameter core is shipped to Inspectorate de Mexico, S.A. de C.V. in Durango, Mexico, a member of Inspectorate Group of Companies, certified by ABS Quality Evaluations, Inc. annually in compliance with the ISO 9001:2000 Guidelines for Quality Management. Inspectorate Group manages an extensive global network of laboratory & sample preparation facilities in strategic locations around the world, providing independent laboratory analytical services to all sectors of industry, commerce and government. All samples received are prepared in Durango and a +/-100 g sub-sample is sent to the main laboratory in Reno, NV, USA, for analysis.

The entire sample is thoroughly dried, reduced to greater than 80% -10 mesh by jaw crusher. A 250-300 grams sub-sample is then split and pulverized to greater than 90% -150 mesh with a pulverizing mill. Tested barren sand is used as to clean the equipment between each sample.

Aqua Regia digestion and ICP-AES, is used to determine silver content (LDL Silver 0.1 ppm) on a 1 g sample. Gold is determined by Fire Assay-AA Finish (LDL Au 10 ppb) on a 1 Assay Ton sample. For Overlimit assays gold is determined by a 30 g Fire Assay - Gravimetric finish to LDL of 0.005 oz/ton or 0.15 g/t, and silver is determined by 30 g Fire Assay - Gravimetric finish to a LDL of Ag 0.5 oz/ton or 15.5 g/t.

Internal Lab Quality Control consists of a repeat of every tenth sample, and for every 20 samples run, a standard and a blank sample is also analyzed. Silver Shield will be instituting a QA/QC program consisting of Certified control standards, and coarse field blanks to be inserted into the sample stream. A program of analysis of duplicate samples at other labs will be undertaken.

Ontario

The Company has completed a 3,000-metre, phase one drill program at its Welsh Property in Elk Lake Ontario and will be releasing assay results as soon as they are available.

Ray Lashbrook, VP Exploration, is directing the drill program in Mexico; and Director, Stephen Mlot, P.Eng, is the Company's Qualified Person as defined by National Instrument 43-101 who has reviewed the contents of this release.

About Silver Shield Resources Corp.

Silver Shield Resources Corp. is an exploration and development company of mineral resource properties focusing on advanced-stage silver properties in Northern Ontario and Mexico that the Company can take into production. Its portfolio holds varying option interests in five different properties, including the Welsh Mine Property in the historically-prolific silver producing Elk Lake-Gowganda area of Ontario and the La Cumbre Property in Guerrero, Mexico. Experienced Management have listed the Company on the TSX Venture Exchange upon executing its RTO Qualifying Transaction with Gemini Acquisitions Inc. on December 19th 2007 (TSX VENTURE:SSR).

For further information please visit www.silvershieldresources.com.

To receive Company press releases, please email lindsay@chfir.com and mention "Silver Shield" on the subject line.

Forward-Looking Statements

This press release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact included herein, including without limitation, statements regarding exploration results, future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The TSX Venture Exchange and the Canadian Securities Commissions. Not to be construed as an offer to buy or sell securities of this Company. Readers are advised to discuss all of their stock purchases with a registered securities broker or personal finance professional prior to investing.

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