Post by
Oin1 on Sep 08, 2011 9:43am
Prelim assays & ground acquisition
Silver Fields increases Horn holdings to 2,408 ha2011-09-08 05:09 PT - News ReleaseMr. Chris England reportsSILVER FIELDS ACQUIRES ADDITIONAL PROPERTY IN AREA OF HIGH SILVER ASSAYSSilver Fields Resources Inc., following analysis of chip samples from the "Cow Trail" exploration area, which assayed up to 1,625 grams of silver per tonne over a true vein width of 0.15 metres (Stockwatch August 16th, 2011), has acquired an additional 800 hectares of land, bringing the total holdings for the Horn Silver project to 2,408 hectares.The project contains a newly discovered quartz vein located well beyond the previously mined areas, and intermittently exposed for a distance exceeding 40 metres before being covered by overburden. This has led Silver Fields' geological staff to believe that the productive mineralized system may be much larger than previously thought. Additional soil and chip samples have been taken and submitted for assay.President and CEO of Silver Fields, Chris England, stated: "We are very pleased with the progress of our exploration in this area. The excellent results received to date and the ease of access to the area has prompted the Company to focus on carrying out a drill program in early fall. The Government permits have been applied for and are well advanced through the approval process. Negotiations have been ongoing with several drilling companies, and final contracts will be signed when the permits have been received."Technical material in this news release has been prepared and/or reviewed by Peter Folk, P.Eng., a Qualified Person as defined in NI43-101. Analyses quoted here were performed for Silver Fields Resources Inc. by Acme Analytical Laboratories, Vancouver B.C. using fire assay techniques with a gravimetric finish on a 30 gram charge.We seek Safe Harbor.