TSX Venture Exchange: STS
VANCOUVER,
Sept. 11, 2012 /PRNewswire/ -
StoneShield Capital Corp. (STS - TSX Venture Exchange; 5XS -
Frankfurt Stock Exchange) ("StoneShield" or the "Company") is
pleased to provide shareholders with an update on drill permitting
and drill plans for the Company's Goldtooth project in Inyo County, CA. The Goldtooth project
consists of two separate claim blocks, located 11 kilometers apart,
bookending Atna Resources' Briggs Gold
Mine ("Briggs").
Over the past few months, StoneShield has been
working with consulting groups to complete required surveys at
Goldtooth to modify and expand the existing drill permit prior to
its planned fall drill program. Both wildlife/botanical and
archaeological surveys are now complete and have been filed with
the Bureau of Land Management ("BLM"). Approval of the modified
drill permit is expected in the near future.
Having added new claims in late spring,
StoneShield is now focused on drilling targets in the South
Goldtooth claim block. StoneShield plans to drill 25 holes to test
for continued gold mineralization on trend with Briggs
mineralization. The modified drill permit, planned for this fall,
will consist of 12 reverse circulation drill holes for a minumum of
3,000 meters, all located immediately to the south of the active,
producing Goldtooth Pit at Atna's Briggs Mine. The northernmost
hole is planned as close as 150 meters to the final perimeter of
the producing Briggs Goldtooth Pit,
currently under expansion.
The remaining 13 drill holes will test the Goler
Canyon target area located in the southern portion of the Goldtooth
property where four rock samples returned assay results of 18 grams
per tonne ("g/t") gold, 30 g/t gold, 37 g/t gold, and 61 g/t gold.
The South Goldtooth claim block has significant structural
preparation, alteration, favorable host rocks and gold
mineralization intermittently exposed near the range front along
its entire length.
StoneShield previously announced its exploration
plans over the next year for the Goldtooth project (see StoneShield
news release of February
27th, 2012). In the Jackpot claim block, located
to the north of the Briggs Mine, Company geologists have
recommended a 30 kilometer Ground Magnetic Survey over the northern
block to be performed in conjunction with a 30 kilometer Gradient
Array Induced Polarization program to outline new drill targets. A
minimum 4,500 meters of reverse circulation drilling is planned to
test for gold mineralization at depth in the northern block. Prior
drilling in the southern portion of the Jackpot claim block saw
half of the historic drill holes intercept significant gold
mineralization, including 20 meters of 2.33 g/t gold, 15 meters of
1.6 g/t gold and 24 meters of 1.16 g/t gold and 1.5 meters of 18.4
g/t gold.
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"
_______________________
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.
SOURCE Stoneshield Capital Corp.