StoneShield Capital Corp.
TSX VENTURE : STS

StoneShield Capital Corp.

April 05, 2011 13:28 ET

StoneShield Outlines Exploration Plans for Blackwater Gold Discovery District, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - StoneShield Capital Corp. (TSX VENTURE:STS) ("StoneShield" or the "Company") is pleased to provide shareholders with plans for exploration at the Geldenhoof gold exploration property located approximately 4km to the east of the Blackwater gold discovery property (see property location map following, http://media3.marketwire.com/docs/sts0405.pdf) owned by Richfield Ventures Corp. (TSX VENTURE:RVC). On April 4th, 2011 Richfield announced it has agreed to a $10.38 per share equivalent buyout with New Gold Inc. StoneShield is eager to commence exploration at Geldenhoof to explore for gold drill targets on the property.

Geldenhoof Exploration Plans

Mineralization at the Blackwater discovery is closely associated with a magnetic high and IP chargeability high. From a British Colombia Geologic Survey ("BCGS") total residual magnetic field survey, a strong magnetic high of similar size to that at the Blackwater deposit is located within the northern portion of StoneShield's Geldenhoof claim block. This magnetic high is interpreted to represent either increased concentration of disseminated magnetitie, which may represent the presence of intrusive rocks or the presence of disseminated pyrrhotite mineralization. Intrusive rocks occur in small exposures on all sides of the Geldenhoof property and are believed to be the source of mineralization at Blackwater. Surficial glacial deposits conceal the bedrock in the area of the magnetic high at Geldenhoof. An additional magnetic high is located along the eastern margin of the property in an area of limited exposure.

StoneShield has outlined its Phase One exploration program for Geldenhoof and plans to commence work on the project in June. Phase One exploration will start with the search for outcropping bedrock in the claim block. Next, extensive MMI and/or conventional soil samples are to be collected. The total soil sample grid length will be at least 100km in length and over 2000 soil samples will be collected. Geologic samples and notes of rock formations and mineralized zones will also be taken.

Phase Two of exploration at Geldenhoof will be outlined following receipt of results from Phase One, and may include a ground magnetic survey and an IP survey to outline targets for a future drill program. Drilling would aim to test for possible bulk-tonnage gold mineralization at depth.

StoneShield is excited by the prospects at the Geldenhoof property in the Blackwater gold district. The Company plans to keep shareholders as up to date as possible with developments from spring/summer exploration.

For full details on the StoneShield option to purchase the Geldenhoof claim, please view the Company's news release of January 10th, 2011 at http://www.stoneshieldcapital.com/uploads/news/stoneshield_nr_011011_geldenhoof_acquisition_final.pdf.

The qualified person for StoneShield under National Instrument 43-101 is Allen Ambrose, P.Geo.

StoneShield is a publicly traded exploration company which currently has 17,914,994 shares outstanding. The Company is focused on the discovery of high-value precious metals deposits in North and South America. StoneShield's experienced management team boasts multiple discoveries, and brings over 70 years of combined experience in the mining and exploration sector. Please visit the Company's web site address at www.stoneshieldcapital.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF STONESHIELD CAPITAL CORP.

Kris Kottmeier, President/CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • StoneShield Capital Corp.
    Kris Kottmeier
    President/CEO
    (604) 569-0799
    or
    StoneShield Capital Corp.
    Benjamin Curry
    Investor Relations
    (604) 569-0799 or Toll Free: 1-877-689-2881
    www.stoneshieldcapital.com