NewsSILVER FIELDS UPDATES GOLD PROPERTIES
Silver Fields Resources Inc. is deciding to review the drill results from its 100-per-cent owned Teihsum River project now that the price of gold is currently at $1,300 per ounce. The project was drilled in 2005, when the price of gold was approximately $400.00. The review, by the Vice President of B.C. Exploration, Mr. Jim Laird, and Dr. K. W. Geiger, Ph.D., P.Eng., P.Geo., both of whom are directors, reached the conclusion that a continuation of the drill program is fully justified. Originally 6 holes were drilled, with the assays announced in a news release (Stockwatch) April 21st, 2005.
TEIHSUM RIVER DIAMOND DRILL PROGRAM -- SIGNIFICANT GOLD ASSAY VALUESHole No. Interval (m) Length (m) Gold (g/t)T-03 43.42 to 44.8 1.38 0.41 45.28 to 46.9 1.62 0.49T-04 15.24 to 17.0 1.76 1.35 17.0 to 17.5 0.5 14.55 17.5 to 18.1 0.6 3.86 15.24 to 18.1 2.86 4.18T-05 19.81 to 21.34 1.53 1.4 21.34 to 22.86 1.52 0.55 19.81 to 22.86 3.05 0.976T-06 9.87 to 12.19 2.32 3.82 12.19 to 13.72 1.53 6.11 13.72 to 14.45 0.73 0.75 9.87 to 14.45 4.58 4.10
Year of the Profit, Oilseek