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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 2, 2012) – StoneShield Capital Corp. (TSX VENTURE:STS)(FRANKFURT:5XS) (“StoneShield” or the “Company”) is pleased to provide shareholders with results of recent field reconnaissance sampling at the Company’s Goldtooth project, Inyo County, CA.
StoneShield’s key geological consultant spent five days at Goldtooth over the winter holiday break as part of the Company’s due diligence prior to executing on the Goldtooth option (announced January 25th, 2012). A total of 121 rock samples were collected from both StoneShield’s south and north claims blocks which bookend Atna Resources Ltd.’s producing Briggs Gold Mine.
In the southern claim block, surface rock samples were collected in previously untested areas. Results from sample assays revealed a 50 meter anomalous gold zone on StoneShield’s property, located approximately 570 meters south of Atna’s producing Gold Tooth open pit. Results in this area include 3.83 grams per tonne (“g/t”) gold, 1.03 g/t gold, 0.91 g/t gold and 0.33 g/t gold. The highlighted results are significant as they demonstrate the presence of gold mineralization along the same mineral belt that hosts the active Briggs Gold Mine. The southern block samples are exciting and suggest a continuation of mineralization related to the Gold Tooth structure as projected along strike into StoneShield’s claim block.
In the northern claim block, a second zone with numerous elevated gold values was also identified. Assay results from surface rock samples in this area include grades up to 0.62 g/t gold, 0.61 g/t gold and 0.48 g/t gold. The samples with the highest gold values were collected from within a favorable horizon at least 12 meters thick and a visual extent of at least 100 meters in exposure. Other samples within the area had detectable gold and further work is needed to better identify the controls and locations of mineralization.
Using Atna’s model, the majority of mineralization is located on the west, hanging-wall side of the mineralized Gold Tooth fault. The highlighted assays appear to be from the footwall side of the projected Gold Tooth feature, suggesting a proximal relation to the mineralized Gold Tooth structure, covered by colluvium to the west.
Further reconnaissance work is immediately planned at Goldtooth. This will include a combination of detailed mapping to better asses the mineralized occurrences in relation to structure and lithology, and follow up sampling to expand the areas of known surface mineralization and identify additional target areas.
StoneShield is currently preparing full plans for 2012 and 2013 exploration at Goldtooth to include drill testing for gold mineralization on known and possible new targets on the southern and northern Goldtooth claim blocks.
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 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.
