Silver Shield Resources Corp.

Silver Shield Resources Corp.

May 06, 2008 09:30 ET

Silver Shield Resources Intersects 3.8 Metres of 308.28 g/t Silver Among Assays of 7 Holes at La Cumbre Gold and Silver Property

BURLINGTON, ONTARIO--(Marketwire - May 6, 2008) - Silver Shield Resources Corp. (TSX VENTURE:SSR) ("Silver Shield" or "the Company") today announced the initial assay results received from the 2,500 metre drill program at La Cumbre property in Guerrero State, Mexico. Assay results have been received for holes LC-08-01 to LC-08-07, the first 7 holes from an 18 hole program. Promising Silver values, with frequent Gold and Copper values have been intersected in most drill holes. Highlights included Hole LC-08-01 intersected 308.28 g/t silver and 1.378 g/t gold over 3.8 metres.

Tim D Towers, President and CEO commented, "The initial assay results exhibited from 80 metres to 90.4 metres (10.4 metres) are all enriched with silver, which demonstrates a wide spread mineralizing conduit system. The combination of the high silver values plus the sections of high gold values combined with the lack of lead and zinc values suggest that we are in the upper or higher section of the epithermal system which could hold considerable silver-gold values."

The first twelve diamond drill holes targeted the main El Condor vein in an area near the old mine workings where an underground sampling program by Consejo de Recursos Minerales in 1989 returned an average of 518 g/t silver and 5.30g/t gold with additional minor copper grades over an average width of 1.3 metres from 48 samples. The first two holes were drilled below the 50 metre deep shaft.

The La Cumbre Mine is a fault hosted epithermal system, hosted within a sequence of flat lying mafic volcanic flows and breccias, along with interbedded conglomeratic sediments. The mineralizing 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 has 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, cerargerite, malachite, azurite, chalcopyrite, sphalerite and galena hosted within a quartz +/-carbonate veins and alteration around veins.

Management anticipates further encouraging results from the remaining 11 holes. The final remaining assay results will be considered when determining drill targets for phase two of drilling.

Highlights of Assay Results

Hole # From To metres Au g/t Ag g/t Cu/%
------ ----- ----- --------- ------ ------ ----
------ ----- ----- --------- ------ ------ ----

LC-08-01 74.50 75.00 0.50 0.130 66.3 1.9
75.00 75.75 0.75 1.364 54.4 0.16
75.75 76.30 0.55 0.242 5.70 -
78.00 79.00 1.00 1.418 5.10 -
79.00 80.00 1.00 0.035 3.70 -
80.00 81.00 1.00 0.682 8.70 -
81.00 82.50 1.50 1.190 25.50 -
82.50 84.00 1.50 6.377 34.40 -
84.00 86.60 2.60 0.083 15.10 -
86.60 87.10 0.50 0.328 480.60 1.88
87.10 88.00 0.90 0.379 245.20 0.62
88.00 89.00 1.00 0.296 134.70 0.17
89.00 90.00 1.00 3.321 306.20 -
90.00 90.40 0.40 0.020 674.00 0.68
Includes 86.60 90.40 3.80 1.378 308.28 -
104.60 105.85 1.25 0.365 20.80 -
LC-08-02 Hole Abandoned Lost in Fault -
LC-08-03 No Significant Results -
LC-08-04 45 46 1 - 2.60 -
46 47 1 - 2.20 -
47 47.8 0.8 - 3.50 -
LC-08-05 87 88 1 0.045 3.80 -
88 89 1 0.045 5.00 -
89 90.2 1.2 0.020 7.40 -
124.00 124.00 1.0 0.010 49.6 0.76
LC-08-06 60.00 61.00 1.00 0.546 45.30 -
61.00 62.00 1.00 0.275 55.50 -
62.00 63.00 1.00 0.059 416.80 0.55
Includes 60.00 63.00 3.00 0.293 172.53 -
68.00 69.00 1.00 0.135 23.80 -
LC-08-07 83.62 84.27 0.65 0.565 2.20 -
87.00 88.00 1.00 0.115 3.10 -

88.00 89.00 1.00 0.015 7.40 -


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.

Silver Shield is additionally actively prospecting additional ground in the La Cumbre area. A number of Silver/Copper occurrences close to La Cumbre have been evaluated and acquisition of additional property is under review.

The Company also reported that its year-end financial results, and management discussion and analysis are available on the Company's website,

Ray Lashbrook, VP Exploration, is directing the drill program in Mexico; and Stephen Mlot, P.Eng, a Director, 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).

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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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