SILVER FIELDS COMMENCES EXPLORATION PROGRAM ON KEREMEOS SILVER PROJECT
Silver Fields Resources Inc. has commenced work on the former Dankoe Silver Mine near Keremeos, BC. Historically, according to Government of British Columbia mining records (Minfile) the property produced approximately 433 thousand tonnes of ore, containing 127,194,850 grams (4,089,409 oz) of silver, 332,992 grams (10,706 oz) of gold, and small amounts of zinc, lead and copper. The bulk of the production occurred on mineral claims currently held by Silver Fields. An extensive work program has begun, starting with a surveyed baseline and large geochemical sample grid located east of the main mine. The last soil grid carried out by Silver Fields’ field crews in 2008, resulted in the discovery of the silver and gold-rich “Silverfields Vein”. Company prospectors have discovered a probable continuation to the south, with much greater thickness and strong mineralization. The southern part of the vein system is also exposed in a partially-covered adit and geological personnel will channel sample the vein shortly. The lowermost adit which is the main adit, encountered a vein system which is exposed on surface at the 1700 foot level. The 1967 Mines and Petroleum Resources Report states that the first “150 feet averaged 50 ounces silver and 0.22 ounces of gold over a mining width”. This is a historical statement and needs to be re-sampled using NI 43-101 standards. The “Kohler Showing” on the eastern side of the mountain at a similar elevation gave a grab-sample assay of a vein system which produced values of 17.9 oz/t silver, 0.08 oz/t gold, 9.57% copper, and 4.28% lead. This also is a historical statement and needs to be re-sampled using NI 43-101 standards. Based on this information, geological personnel will be carrying out geochemical soil sampling and geophysics, and then targeting up to 2,000 metres of proposed drilling. President and CEO Chris England stated: “This program is a major step forward for our Company, as we feel the potential of this project has increased significantly over the past several years, in view of the current price of silver. We are very fortunate to have the former Mine Manager, Mr. Peter G. Folk, P. Eng., as one of our consulting geologists and the Qualified Person for this project.” On behalf 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.