StoneShield Capital Corp.

StoneShield Capital Corp.

February 27, 2012 04:53 ET

StoneShield Plans 7,500 Metres of Drilling at Goldtooth, Announces 2012 Exploration Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) ("StoneShield" or the "Company") is pleased to provide shareholders with the Company's proposed 2012 exploration plans at its Goldtooth Gold Project, Inyo County, CA ("Goldtooth").

Based on recent, positive reports from regional exploration and preliminary gold rock sample assays, StoneShield has aggressive exploration plans for Goldtooth, including over 7,500m in drilling.

Goldtooth Northern Block

Geochemical sampling and mapping are currently underway at the northern claim block to expand on the recently obtained, positive sample results. Those results identified a zone of mineralization approximately 90 meters in breadth along an exposure of the Briggs Mine Formation, which is the primary gold host at the Briggs Gold Mine immediately south. Follow-up mapping of available exposures indicates that the favorable host formation extends a significant distance south and east from the positive results. Additional samples have been collected and assay results are pending.

Company geologists have recommended a 30 kilometer Ground Magnetic Survey over the northern block to be performed in conjunction with a 30 kilometer Gradient Array Induced Polarization program to outline new drill targets. A minimum 4,500 meters of reverse circulation drilling is planned to test for gold mineralization at depth in the northern block. Prior drilling in the Goldtooth northern block saw all holes contain gold mineralization, including 20 meters of 2.33 grams per tonne ("g/t") gold, 15 meters of 1.6 g/t gold and 24 meters of 1.16 g/t gold.

Goldtooth Southern Block

Geochemical sampling and mapping are also currently underway at the Goldtooth southern claim block to further expand on earlier identified mineralization. Mineralization logged here and in the immediate vicinity of the neighboring Briggs Gold Mine has led StoneShield geologists to recommend a 9.5 kilometer Dipole-Dipole Induced Polarization program commencing at the northernmost portion of the claim block to outline drill targets. Currently, 18 drill holes are planned and permits were filed for the southern block many month prior to StoneShield acquiring Goldtooth; however, depending on the results of sampling and IP work, StoneShield may opt to drill on new, higher-priority drill targets. A minimum 3,000 meters of reverse circulation drilling is initially planned for the southern block.

Required permitting for future drill programs is underway. The Goldtooth land is devoid of significant vegetation and wildlife making it a perfect potential mine location, as seen at the neighboring, operating Briggs Gold Mine.

To view the map associated with this press release, click on the following link:

About the Goldtooth gold project

Goldtooth consists of two main claim blocks totaling 162 lode mining claims and 10 associated placer mining claims which cover a combined 2003 hectares of land. These claims lie in the same mineral belt as the Briggs Gold Mine ("Briggs") owned and operated by Atna Resources Ltd. Current known gold at Briggs totals some 1.13 million ounces of gold (NI 43-101 Technical Report, Briggs Project). Prior production at Briggs is 550,000 ounces of gold.

Similar potential for both open pit and underground mineable gold deposits exists on the Goldtooth property. The Goldtooth Fault is believed to run the entire length of the southern Goldtooth claim block along the range front beneath thin alluvial cover. High-grade surface grab rock samples collected by Bronco on the Goldtooth claims near the range front include 18 g/t gold, 30 g/t gold, 37 g/t gold, and 61 g/t gold. East-west cross faults control formation of gold deposits at Briggs, are inferred to intersect the Goldtooth Fault in numerous locations of the southern Goldtooth claim block and represent attractive drill targets. Despite excellent surface indications, the southern Goldtooth claim block has never been drill tested.

The southern Goldtooth claim block is located approximately 600 metres from Briggs' southernmost, producing open pit. Drilling across the Goldtooth Fault feeder structures adjacent and beneath the southernmost pit on the Briggs Mine property has intercepted potentially underground mineable mineralization such as 87 metres of 12.88 grams per tonne ("g/t") gold and 38m of 12.75 g/t gold.

The northern Goldtooth claim block is located just to the west of the Goldtooth Fault and contains several areas of widespread gold mineralization. Surface grab rock samples assay up to 27.0 g/t, 3.3 g/t and 1.7 g/t gold. A total of nine shallow drill holes have been completed during the 1990s by previous companies on the northern Goldtooth claim block. All holes contain gold mineralization, including 20 metres of 2.33 g/t gold, 15 metres of 1.6 g/t gold and 24 metres of 1.16 g/t gold.

The western slope of the Panamint Mountain range is composed of rocks ranging in age from Precambrian to Quaternary. Prior exploration in the area has focused on both Precambrian-age rocks and rocks thought to represent Tertiary-age volcanic units. Both rock types have undergone significant amounts of deformation. Mineralization in both rock types is thought to be epithermal, and consists of a simple assemblage of gold, pyrite, Fe-rich dolomite and quartz. Although the gold mineralization is a replacement phenomenon, the distribution of mineralization is structurally controlled. The mineralization is controlled by both high- and low-angle faults. The Goldtooth exploration model is based on favorable district wide geology and gold mineralization already discovered immediately adjacent to the property. StoneShield believes that the Goldtooth claims have potential for both large, open pittable, heap-leachable gold deposits as well as for structurally-controlled, high-grade gold deposits mineable by underground mining methods.

This news release has been prepared on behalf of the Company's board of directors, who accept responsibility for its contents. Technical information has been reviewed and approved by Peter J. Butterfield, P. Geo, a Qualified Person as defined by National Instrument 43-101.

StoneShield is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North America. The Company's experienced management team boasts multiple discoveries, and brings over 145 years of combined experience in the mining and exploration sector. Please visit the Company's web site address at


Kris Kottmeier, President/CEO


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