Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 2, 2011) – StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) (“StoneShield” or the “Company”) it pleased to announce that it has received final assay results from its 2011 exploration program at the Geldenhoof property (“Geldenhoof”) located 4km east of the Blackwater epithermal gold-silver project now owned by New Gold Inc.
Geochemical sampling at Geldenhoof has outlined a series of zinc, copper, silver and gold anomalies in soils situated over the northern half of the tenure. These soil anomalies exhibit a northwesterly fabric, suggesting the potential for multiple feeder structures in the area. Zones of silicification and quartz-pyrite vein stockworks were observed at the southern margins of the soil grid. Due to the overcommitted schedules of StoneShield’s geologic consultants during the 2011 field season, no geologic prospecting activities were performed within this anomalous soil grid. Follow-up work including geological mapping and rock sampling is required to determine the significance of these anomalies and trends.
The 2011 exploration program was comprised primarily of a 478-sample geochemical soil survey that covered approximately two-thirds of the property. Zinc/copper/silver/gold/lead samples assayed up to 190 ppm Zn, 188.74 ppm Cu, 27.58 ppm Ag, 65.1 ppb Au, and 14.4 ppm Pb, respectively. The samples were collected from a grid with lines spaced at 200 metres with samples collected at 100 metre intervals along those lines. Soil samples were sieved to -80 mesh and analyzed by Acme Labs for gold using ICP-MS with aqua regia digestion and for 55 elements using Ultratrace ICP-MS with 4 acid digestion. Acme Labs QA/QC consisted of 5% pulp duplicates, 5% blanks and 10% standards. Additional QA/QC was not performed by Stoneshield.
The Company’s consultants have been engaged to further compile and review all relevant exploration data and to prepare a NI 43-101 compliant technical report. A recommendation for further work is expected in the anomalous areas, including more detailed geochemical sampling and a program of geophysical surveys.
The Geldenhoof property is situated in an area of volcanic and sedimentary rocks of middle Mesozoic age intruded by Late Cretaceous age and younger granitic intrusions. The presence of a strong geophysical magnetic high directly adjacent to the area of anomalous silver, gold and copper in soils suggests the presence of an intrusive body in the subsurface. Much of the claim block is covered by deposits of unconsolidated gravels and glacial tills that mask the underlying geological features. Therefore, further exploration should include more detailed geochemical and geophysical surveys.
Technical information in this news release has been reviewed and approved by Erik Ostensoe, 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 and South America. StoneShield’s experienced management team boasts multiple discoveries, and brings over 145 years of combined experience in the mining and exploration sector. For more information, 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 and 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.
