SILVER FIELDS RESOURCES ACQUIRES QUESNEL AREA PROPERTY
Mr. Chris England, President and CEO of Silver Fields Resources Inc.( the “Company”) (“Silver Fields”) is pleased to announce the Company has acquired an undivided 100% interest in 5 Mineral Claim Tenures located in the Quesnel area of the Cariboo Mining District of British Columbia. The mineral claims encompass 2,323 hectares and are approximately 35 km northwest of the historic gold rush towns of Barkerville and Wells, B.C.
The new claims have been purchased from the mineral title holder for a cash payment of $11,000 and 2,000,000 common shares.
Silver Fields is continuing to search for additional gold properties in British Columbia, which will compliment its Teihsum River gold claims on Vancouver Island. The Company feels that this diversification will compliment its current property portfolio, which includes silver properties in the central and southern Okanagan, and coal properties in Central Saskatchewan. Management has reduced the size of the Teihsum River holdings, in order to concentrate on areas which have been drilled and warrant additional exploration.
The agreement is subject to the approval of the TSX Venture Exchange.
Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time. The Company’s actual results may differ materially from the expected results.
We seek Safe Harbor.