Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") has contracted SRK Consulting (U.S.) to prepare NI 43-101 Technical
Reports on the Company's Colpayoc property located in the Yanacocha gold
district of Peru. The property contains 4,200 hectares and is located 15 km west
of the city of Cajamarca and 15 km south of the Yanacocha mine complex. The
Company has an option to acquire a 100% interest, subject to a 2% NSR royalty in
the property. 


The property contains three types of mineralization, which occur in six separate
target areas. The main area of known mineralization is the Daylight
Zone/porphyry gold-copper mineralization. The Daylight Zone contains oxidized,
outcropping gold and copper mineralization hosted within a felsic intrusive,
typical of a porphyry gold-copper system. The intrusion is nested within two
similar intrusions, all of which have intruded and are hosted within Cretaceous
age, massive limestone, calc-arenite, and siltstone. The intrusions are circular
and form a 400 meter diameter area of discontinuous outcrop, surrounded by the
sedimentary host rocks. The porphyry mineralization has been evaluated with 4
drill holes, totaling 647 meters, and 2500 meters of trench sampling. The
outcropping porphyry mineralization contains stockwork-hosted gold
mineralization with assays ranging from 10s of meters to greater than 100 meters
with 0.3 - 1.6 g/t gold and may be expanded with additional exploration.


The property also contains northwest trending fault zones, and northeast
trending fault zones within the sedimentary rocks. In several places, these
structures host variably brecciated felsic volcanics (possible vent breccias),
with precious metal mineralization, including gold assays up to 10 g/t and
silver assays up 912 g/t reported from surface rock samples. These areas have
received only preliminary sampling at this time, and more systematic work is
required to assess the distribution of this mineralization. Epithermal
silver-gold mineralization is present within felsic volcanics and skarn
mineralization may be present, associated with a series of magnetic anomalies
within the sedimentary rocks, at depth.


About Canadian Shield Resources Ltd. (TSX VENTURE:EXP) Canadian Shield is a
precious metals exploration and development company focused on
strategically-located properties in Peru and Chile. Canadian Shield has seven
precious metal exploration projects in Peru and one in Chile. The Company's
shares are listed on the TSX Venture Exchange (Trading Symbol TSX-V:EXP).
Further information is available at Canadian Shield's website:
www.canadianshieldresources.com.


STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION,
INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS
AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS.


Experion (TSXV:EXP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Experion Charts.
Experion (TSXV:EXP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Experion Charts.