CSE SYMBOL: SRS

Shamrock Enterprises Corporate Update

 

News Release # 14-02 

CSE: SRS

April 10, 2014

Corporate Update

Vancouver, British Columbia – Shamrock Enterprises Inc. (CSE: SRS) is currently in the planning stages of its summer 2014 work program on the Fireweed silver/lead/zinc discovery near Smithers, B.C. and further details of the work program will be announced shortly. The Company is also working towards applying for a British Columbia small mines permit (75,000 tonnes per year) for the West Zone high grade silver, lead, zinc, discovery, which may enable the Company to generate cash flow from operations.

The historical resource on Fireweed (640,000 tons grading 277 g/t silver, 2.22% lead and 1.34% zinc, 1989) is comprised of 19 drill holes in the West Zone and is open to depth and along strike. Shamrock believes the additional 14 successful diamond drill holes from the 2006, 2010 and 2011 drill programs may add to a revised resource calculation. Drilling completed by Shamrock during our two most recent drill programs was very successful in intercepting additional high grade silver/lead/zinc mineralization in 11 out of 22 drill holes completed (see table below). The main mineralized trend of the Fireweed Property, which may consist of a number of fault zones, covers more than 3 kilometers of strike length, 50 - 100 meters of stratigraphy and 175 – 200+ meters of dip extent. 

Drill Hole

From m.

To

m.

Interval m.

Ag g/T

Pb %

Zn %

Au g/T

Cu %

FW 11-2

27

35

8

449.00

1.60

2.20

 

 

FW 11-3

20.4

23.4

3

81.00

1.49

3.40

0 .24

 

FW 11-3

30

45.6

15.6

374.70

1.00

2.10

 

 

FW 11-4

26.1

41.2

15.1

444.40

1.30

2.40

 

 

FW 11-5

75.3

90.6

15.3

374.10

1.10

1.90

 

 

FW 11-6

87

107.3

20.3

202.80

1.70

3.60

0.20

 

FW 11-7

72

74

2

17.00

1.69

1.69

 

 

FW 11-7

78

95.2

17.2

142.30

1.00

1.70

0.20

 

FW 11-11

19

51

32

119.10

1.30

2.20

0.20

 

containing

19

23

4

606.50

2.14

3.50

 

 

FW 10-1

30.7

36.97

6.27

1.76

 

1.98

 

 

and

48.78

50

1.22

 

0.13

2.39

 

 

and

98.02

126.81

28.79

64.59

2.27

4.64

1.05

 

containing

98.02

110.25

12.33

62.96

2.51

4.09

0.82

 

containing

102.54

110.25

7.74

121.30

5.42

7.98

1.16

 

Contained

119.14

126.81

7.67

68.26

2.09

6.10

0.95

 

FW 10-2

87.14

91

3.36

12.71

0.27

0.67

0.17

 

and

103.94

105.94

 

82.00

1.50

20.30

0.99

0.62

and

125.6

134.15

8.55

39.89

0.36

0.12

0.16

0.61

containing

125.6

129.5

3.9

40.56

0.09

0.14

0.16

0.39

 

Drill Hole

From m.

To

m.

Interval m.

 

Ag g/T

 

Pb %

 

Zn %

 

Au g/T

 

Cu %

FW 10-3

13.67

100.63

86.86

 

0.67

2.58

0.26

 

containing

17.7

33.7

16

36.75

1.55

4.40

0.43

 

containing

66.11

72.21

6.1

115.30

2.91

16.11

1.87

 

FW 06-1

101.5

124.1

22.6

128.00

 

 

 

 

containing

107.5

112.1

4.6

482.00

1.36

2.80

 

 

FW 06-2

187

200.3

13.3

133.00

 

 

 

 

containing

191

199

8

198.00

 

 

 

 

containing

193

199

6

244.00

0.51

1.00

 

 

FW 06-4

74.8

76.2

1.4

59.00

2.50

13.65

 

 

and

81.4

82.2

0.8

38.00

0.60

3.30

 

 

and

83.5

95.5

12

73.30

1.40

5.33

 

 

and

102

107.5

5.5

116.20

2.30

7.08

1.43

1.15

and

124.3

126.7

2.4

108.00

1.87

11.66

3.18

0.59

FW 06-5

59.7

62.8

3.1

22.80

1.05

2.03

0.36

 

Along with defining further the extent of the high grade mineralization in the West Zone discovery, Shamrock has begun to explore the potential for copper/gold porphyry mineralization on Fireweed. During the compilation of the 135 drill holes for 65,000 feet of drilling and additional geological data into a digital database, it was discovered that significant copper and gold mineralization is present in several areas on the Fireweed project. Copper and gold grades of 0.5% copper and/or 0.5 g/t gold are present in 25 drill holes (see table below) and Shamrock has begun to research the potential for porphyritic style copper/gold mineralization on the Fireweed property.

Drill hole

From m.

To

m.

Interval m.

Ag gram/t

Pb %

Zn %

Cu %

Au gram/t

FW-88-3

58.6

60.1

1.5

10.49

 

0.37

0.17

1.73

FW 88-4

141.8

144.8

3

0.00

 

 

 

0.54

FW 88-8

112.1

114.1

2

7.09

 

1.38

 

0.60

FW 88-12

39.6

42.6

3

17.86

 

 

0.62

0.09

FW 88-19

63.8

80.8

17

16.16

 

 

0.31

0.57

and

84.8

87.8

3

3.12

 

 

0.1

1.28

and

93.8

97.8

4

13.32

 

 

0.41

3.15

and

102.8

108.8

6

18.43

 

 

0.35

0.77

FW 88-29

20.1

23.1

3

33.45

 

 

0.76

0.00

and

33.2

36.5

3.3

125.02

4.72

15.5

0.39

0.91

and

40.5

41.5

1

124.74

4.36

21.78

0.18

0.68

and

44.4

46.4

2

43.94

1.24

5.05

0.4

0.85

and

56.5

60.5

4

128.42

5.37

18.82

0.5

1.56

FW 88-48

96.5

98.2

1.7

29.20

 

3.06

0.16

1.19

and

100.6

102.2

1.6

32.89

0.31

2.44

0.24

1.08

and

105.6

107.2

1.6

20.13

0.38

2.39

 

1.39

FW 88-49

53.3

67.3

14

56.70

1.73

3.94

0.08

0.51

Drill hole

From m.

To

m.

Interval m.

Ag gram/t

 

Pb %

 

Zn %

 

Cu %

Au gram/t

FW 88-50

24

34.5

10.5

5.10

0.94

3.46

0.08

0.94

FW 89-53

73

76.2

3.2

10.77

0.20

3.17

 

1.53

FW 89-60

82.6

83.3

0.7

222.54

11.10

10.90

0.11

1.84

and

154.7

156.7

2

25.80

0.30

4.63

0.15

2.69

FW 89-62

123.5

128.5

5

32.32

2.05

4.00

0.04

0.85

incl.

123.5

124.5

1

24.95

0.59

10.50

0.07

1.22

incl.

126.5

128.5

2

56.98

4.07

3.13

0.05

1.22

incl.

126.5

128.5

2

56.98

4.07

3.13

0.05

1.22

and

160.2

164.2

4

10.49

 

3.99

0.06

0.57

incl.

161.2

163.2

2

13.32

 

5.77

0.08

0.94

FW 89-66

101.4

103.5

2.1

8.50

 

 

0.33

1.53

FW 89-71

140.5

141.5

1

31.47

 

 

0.75

0.00

FW 89-72

72.3

74.3

2

22.68

 

5.26

0.41

0.94

FW 89-73

122

124.1

2.1

8.79

 

 

0.50

0.43

FW 91-97

75.3

76.3

1

1.98

0.01

0.02

 

1.65

FW 99-2

106

109.7

1.6

31.19

1.07

2.44

0.08

3.30

FW 99-3

93.35

93.45

0.1

18.99

0.43

11.44

0.17

1.81

FW 99-5

161

163

2

13.75

0.03

1.69

0.09

2.54

FW 06-4

102

107.5

5.5

116.20

1.87

7.08

1.15

1.43

FW 10-1

98.02

128.12

30.1

59.17

2.17

4.44

0.19

1.00

FW 10-3

15.7

33.7

18

33.78

1.39

3.95

0.06

0.46

and

66.11

72.21

6.1

110.66

2.91

16.78

0.26

1.87

FW 11-6

105

107.3

2.3

44.00

 

2.56

0.01

0.54

FW 11-7

80

82

2

107.00

 

2.81

0.01

0.53

 

About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of silver and other precious metal properties in North America. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "SRS".  

 

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

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider

accepts responsibility for the adequacy or accuracy of this release.

 

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Forward looking statements may include the timing and success of any application for a mining license, of equity or debt financing, and the likelihood of receiving acquisition proposals. Risk and uncertain factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, a mining license, or equity or debt financing, uncertainties in negotiating commercial arrangements with government entities; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.