CSE SYMBOL: SRS

Shamrock Enterprises Inc. Commences Drill Program

Vancouver, British Columbia – Shamrock Enterprises Ltd. ( CNSX, SRS) announces that it has a entered into a Drilling Contract with Black Hawk Drilling Ltd. of Smithers, BC. Black Hawk has commenced a 1500 meter Diamond drill program on the Company’s Fireweed Silver Property located near Smithers, in the Babine Lake Area, Omineca Mining Division, British Columbia.

The Fireweed Property includes 8 Mineral claims totaling 2,411 Hectares (24.11 square kilometers) and lies within a structurally complex area at the south margin of the Skeena sedimentary basin in an area known as the Skeena Arch, characterized by a number of porphyritic igneous intrusions cutting rocks as old as Triassic. The Babine Lake porphyry copper belt is host to a number of large porphyry copper deposits, two of which have been productive and have large tonnages of low grade copper mineralization remaining, but which resources are not likely to be re-developed. Considerable geological work has been done in the Babine Lake - Fulton Lake area by the provincial Geological Survey Branch in the past 10 years.

The Fireweed deposit is a new polymetallic (Ag, Zn, Pb. Cu. Au) discovery of massive sulfide and disseminated sulfide replacement type mineralization. The main mineralised horizon covers more than 5.0km of strike length, 50 to 100+ meters of stratigraphy, and 100+ meters of dip extent. It is hosted within Cretaceous age Skeena Group sediments 'and volcanics and intruded by post-mineral Tertiary Quartz Latite dykes. Mineralisation was generated within a stratovolcano environment and has a distinct Cu, Pb. Zn, Ag, Au, Mn. Cd,As, W and Sb geochemical signature. To date the most significant mineralization is hosted by a series of fan complexes aligned in an East-west direction along an inferred syn-sedimentary fault This series of sedimentary fan complexes appears to grade laterally to the west into a lapilli tuft-pyroclastic package which contains charred wood fragments and volcanic bombs. Tourmaline and Apatite have been noted near the West zone. These features, and others indicate that the Fireweed is the same type of deposit as Equity Silver's polymetallic (Ag, Cu, Au) open pit mine, south of Houston, B.C.”

The current Drill Program will test several IP targets extending easterly from the previously known West Zone mineralization. The West zone is defined by an east trending horseshoeshaped induced polarization conductor. The original outcrop discoveries, the MN and the Sphalerite showings, lie at the westerly end of each of the prongs of the horseshoe. Historical drilling has defined a mineralized area 300 metres long which is open along strike and depth. Mineralization has been found in Skeena Group sediments to 200 metres depth. The bulk of the mineralization is hosted by a coarse sandstone, in two parallel southwest plunging shoots, which are 30 to 60 metres wide combined.

Pursuant to an option agreement dated February 17, 2010 the Company has the right to acquire an initial 50% interest in the Fireweed Property, subject to an underlying Royalty, by completing Work Expenditures totaling $2,550,000, making cash payments of $650,000 and issuing an aggregate of 1,000,000 common shares within a four year period.

The contents of this news release have been reviewed and approved by W.A. Howell, P.Geo., a Qualified Person as defined in National Policy 43-101.

Shamrock Resources Ltd. is a junior exploration mining company focused on the procurement, exploration and development of silver and other precious metal properties worldwide.

On behalf of the Board,
“Gordon Osinchuk”
President

For further information, please contact:
Shamrock Enterprises Inc.
Gordon R. Osinchuk, Chief Executive Officer
Phone: (604) 722-1877

 

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