CSE SYMBOL: SRS

Airborne Magnetic Survey at Stellar Project Identifies Three Priority Target Areas

News Release

CSE: SRS

March 13, 2019  

 

Shamrock Enterprises Inc.  (“Shamrock” or the “Company”), CSE: SRS) is pleased to announce that it has completed an interpretation of the airborne magnetic geophysical survey flown recently over its 18,546 ha (>18.5 km2) Stellar Project. The property lies north of and partially surrounds ML Gold’s Stars porphyry copper-gold-silver-molybdenum discovery. Shamrock contracted Peter E. Walcott and Associates Ltd. to fly a total of 1370 line-km along east-west oriented lines spaced at 200 m. The area surveyed includes the northern end of a prospective aeromagnetic high that encompasses the Stars discovery and its host intrusive rocks, as well as a series of northerly-trending aeromagnetic highs that lie to the north and northeast (Figure 1). https://www.shamrockresources.com/index.php/projects/stellar-claims.

The survey identified three priority areas (Big Dipper, Cassiopeia and Orion) of encouraging magnetic data that may be interpreted to represent, the magnetic expression of porphyry-style mineralizing systems. Big Dipper lies within the northern part of an aeromagnetic high that hosts ML Gold’s Star discovery, Cassiopeia is located about 16 km northeast of the Stars discovery, and Orion covers a 10 km long aeromagnetic high, approximately 5 km north-northeast of the Stars discovery.

Big Dipper and Cassiopeia consist of circular magnetic anomalies distinguished by magnetic lows within broad magnetic highs, possibly representing alteration zones associated with mineralized porphyry systems. Orion hosts a number of circular to northwest or northeast trending linear magnetic anomalies, which may be interpreted to reflect porphyrytic-dykes and stocks.

The detailed magnetic survey has provided Shamrock with three priority areas for ground-based exploration. The first phase of work will include prospecting, and stream sediment and contour soil geochemical sampling. Follow up work, if warranted, would focus on areas of coincident geophysical and geochemical anomalies and would consist of further geochemical sampling and prospecting, as well as ground-based IP (Induced Polarization) geophysical surveying, with the goal of outlining potential mineralizing systems.

The Stellar property and Stars discovery lie along the northwestern margin of the Nechako Plateau, where it borders the east side of the Coast Mountains in west-central B.C., approximately 25 km southwest of the town of Houston. The Stars discovery represents an early-stage porphyry discovery and the Stellar property now covers a large area nearby which boasts excellent exploration potential, with access and infrastructure to match. The mineral tenures can be accessed via Highway #16 and an extensive network of Forest Service Roads, many of which are open year-round. 

About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious and base 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,

“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.

Stellar Total Mag Intensity