StoneShield Capital Corp.
TSX VENTURE : STS

StoneShield Capital Corp.

March 09, 2011 03:01 ET

StoneShield Provides Corporate & Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2011) - StoneShield Capital Corp. (TSX VENTURE:STS)("StoneShield" or the "Company") is pleased to provide shareholders with an update on corporate and project activities.

Colombia Gold Opportunities

As announced in StoneShield's news release of November 23rd, 2009, the Company has been seeking gold, silver and copper exploration projects in Colombia, South America. Certain opportunities are now available which have prompted StoneShield to commence the incorporation of offshore subsidiaries to assist with possible exploration property acquisitions in Colombia.

StoneShield now owns a 100% interest in StoneShield Panama Inc. which, in turn, owns a 100% interest in Minera Centinela Inc., both duly incorporated Panamanian corporations. The Company is now in negotiations to acquire certain mineral exploration properties with Colombian nationals.

Geldenhoof Gold Property, BC

StoneShield has been in discussions with consulting geologists familiar with the Company's Geldenhoof property in the Blackwater gold discovery area. Positive news continues to be released from Richfield Ventures Corp. (TSX VENTURE:RVC) from exploration drilling at the Blackwater property. StoneShield is developing a Spring/Summer exploration program, the details for which will be announced in the near future.

Risby Copper Property, NWT

StoneShield has been working since mid-December 2010 on TSX Venture Exchange (the "Exchange") requirements for the optioned Risby copper property in the Northwest Territories while also collecting valuable data from the property vendor and its associates. The Company has been requested by the Exchange to prepare an updated 43-101 report with a third party geological consulting firm. The 43-101 report is expected shortly.

Applications for work permits and a required extra-territorial incorporation are underway. A full first-phase exploration plan for the Risby copper property is being planned.

Tabisco Property, Mexico

The Company's chief geologist spent three weeks in the Fall of 2010 performing reconnaissance exploration at the Tabisco gold property, Mexico, assisted by local workers. Numerous soil samples were collected and mapped across the known epithermal mineralized zone with the intent of establishing drill targets. Assay results received were not encouraging and a recommendation to cease exploration expenditures at Tabisco was recommended to the Company's board of directors. The Company will not be pursuing further exploration activities at Tabisco.

Additional Corporate Activities

StoneShield is also pleased to announce that on February 4th, 2011 the Company listed on the Frankfurt Stock Exchange trading under the ticker symbol "5XS". The Company hopes to increase its exposure to the European markets and increase overall liquidity.

Since the Fall of 2010, StoneShield's directors and chief geologists have been on the hunt for projects of merit to increase shareholder value. Numerous opportunities were assessed and prioritized with a principle focus being on gold, silver and copper projects. The board believes the demand for these three commodities, in particular, will continue to increase in the months and years to come. It remains StoneShield's focus to explore for, discover, develop and sell valuable deposits of all three commodities.

StoneShield is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North and South America. The Company'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 at 1-877-689-2881
    www.stoneshieldcapital.com