CSE SYMBOL: SRS

Shamrock Enterprises Inc. Commences Drill Program

News Release #16-07

CSE: SRS

December 6, 2016

 

Vancouver, British Columbia – Shamrock Enterprises Ltd. (CSE-SRS) announces that it has entered into a drilling contract with Black Hawk Drilling Ltd. of Smithers, BC.  Black Hawk has commenced an estimated 700 meter Diamond drill program on the Company’s Fireweed 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, hosting a number of porphyritic igneous intrusions. The Babine Lake porphyry copper belt is host to a number of large porphyry copper deposits, including the Bell and Granisle Mines which were operated by Noranda Minerals Inc.  between 1966 and 1992 producing a total of 1.14 billion pounds of copper, 3.47 million ounces of silver and 634,000 ounces of gold. Considerable geological work and subsequent interpretation has been done in the Babine Lake - Fulton Lake area by the B.C. Geological Survey Branch in the past 15 years to assist and encourage further mineral exploration in this prolific copper/porphyry district.

The Fireweed deposit is a new polymetallic (Ag, Zn, Pb, Cu, Au) discovery of massive sulfide and disseminated sulfide replacement type mineralization. The main mineralized 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. Current interpretation suggests that mineralization occurs within and is associated with a stratovolcano environment exhibiting a Cu, Pb, Zn, Ag, Au, Mn, Cd, As, W, Sb geochemical signature. To date the most significant mineralization occurs along an East-West direction associated with an inferred syn-sedimentary fault. Tourmaline and apatite have been noted near the West zone. These features and others indicate that the mineralization at Fireweed may be similar to Equity Silver's polymetallic (Ag, Cu, Au) open pit mine, south of Houston, B.C.

The current Drill Program at Fireweed is testing the South Zone polymetallic target which hosts a broad magnetic response and a geochemical base-metal anomaly. A mineralized  float sample from the South Zone assayed 479 g/t silver, 2.6 g/t gold, 0.28% copper, 1.3% lead and 2.6% zinc.

The contents of this news release have been reviewed and approved by Plen Dickson, P.Eng., 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 in North America.

On behalf of the Board,

“Bob Faris”

CEO

For further information, please contact:

Shamrock Enterprises Inc.

Bob Faris, Chief Executive Officer

Phone: (604) 880-2121

Neither the Canadian Securities Exchange nor its Regulation Services Provider

accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.  Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.