I took stock in the original placement and was most impressed with David Netherway and his ability to build a company as he has done in the past. These initial drill results are what is exciting those that know this company. R
NEW DRILLING PROGRAMME COMMENCES AT TIJIRIT GOLD
PROJECT
A new drilling programme has started at the Tijirit Gold Project in Mauritania where
significant gold intersections were encountered in the maiden drilling programme
conducted by Shield Mining (“SHX”) in April, 2009. A 5000 metre reverse
circulation(RC) drill programme will be carried out on the Sophie I, II, III and Lily
prospects and results are expected to be available during the first quarter, 2010.
The drilling results from the previous programme confirmed the earlier sampling and
trenching results by the Company that delineated three drilling targets areas of Sophie
II, III and Eleanor. The highest grade intersections included:
- 6 metres @ 17.63 g/t Au - from 10m to 16m in ERC4 at Eleanor
- 6 metres @ 10.47 g/t Au - from 16m to 22m in SRC11 at Sophie II
- 2 metres @ 24.90 g/t Au - from 56m to 58m in SRC24 at Sophie II
The new programme will drill the following prospects:
- Sophie I – targeting soil geochemistry anomalies
- Sophie II – 3 target types: soil geochemistry, IP anomalies & faults and resolution
of previous drill intercepts
- Sophie III – deep drilling under existing drill intercepts
- Lily – targeting soil geochemistry anomalies
Shield’s Chief Executive Officer, Mr David Netherway, said today. “This new
drilling programme has now commenced. During the preparation period we have been
taking extensive soil samples, the results of which have confirmed and in some cases
extended the current drill targets. These, together with the previous drilling results
show the potential for another gold deposit in the style of the Tasiast gold mine
35 kilometres to the northwest of Tijirit.”
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