Fireweed Property

The Fireweed Property is a polymetallic (Ag, Zn, Pb, Cu, Au) discovery of massive sulphide and sulphide replacement type mineralization. The region has seen active mineral exploration since the turn of the century with numerous producers. Examples are the Granisle Mine (10 km to the southeast), Bell Copper Mine (5 km to the east) and the undeveloped Morrison Deposit (17 km to the northeast). One of the most significant was the Equity Silver Mine at Goosly Lake with very similar mineralization to Fireweed.

Previous Work

Approximately $3,500,000 has been spent on exploration of the property to date, including the completion of approximately 65,000 feet of diamond drilling. As well, in July and August, 2005 approximately 25 km of marked grid lines was completed. SJ Geophysics Ltd. completed a 3-D Induced Polarization Survey across part of the property.

The Company has successfully completed it Phase I drill program in December, 2010 (See news release dated February 1, 2011) by drilling over 1900 meters to meet its Year 1 option requirement with Pachamama Resources Ltd. A “drill indicated resource” was calculated prior to the implementation of National Policy 43-101 and as such, must now be termed a “historical mineral resource”. The most significant results of that conservative calculation are as follows:

CategoryResourceSilverLead %Zinc %
Imperial640,000 Tons9.77 oz/t1.342.22

Future Exploration

The goal of Shamrock will be to attempt to expand the known zones, discover new mineralized zones and to better define the heavily mineralized West Zone.

Shamrock intends to fulfill its Year 2 option requirement by undertaking its Phase II diamond drilling in the fall/winter of 2011-12 as recommended in its Technical Report. After the conclusion of Shamrocks Phase II diamond drilling program Shamrock will compile the data collected from Phases I and II, in conjunction with previous drilling and geophysical data, to enhance a larger geometric picture and consequent new geological interpretation of the Fireweed Property. This information will prove invaluable in enabling the Company to focus its efforts on the Phase III program.

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