CSE SYMBOL: SRS

SHAMROCK TERMINATES OPTION OF MILLY PROJECT IN NORTH CENTRAL BRITISH COLUMBIA

News Release

CSE: SRS

October 29, 2019

 

Shamrock Enterprises Inc. ("Shamrock" or the "Company"), a Canadian mineral exploration company, announces it has terminated its' option to acquire the Milly Project, located approximately 50 kms southwest of Mackenzie B.C. The company's Stellar Copper/Gold Project (Shamrock 100% interest) in west-central British Columbia, will become the company's focus of mineral exploration in 2020.

The Stellar Property consists of the Stellar claims (3,174 hectares) and the recently acquired Buckley claims (15,317 hectare) package. The Stellar property, borders the eastern, western and, perhaps most importantly, the northern part of ML Gold's Stars porphyry copper-gold-silver-moly discovery.                                                                                                                          (please see map at - https://www.shamrockresources.com/index.php/projects/stellar-claims)

About the Stellar Project: Shamrock's Stellar claims cover a prominent NNE trending group of regional aeromagnetic highs that include one coincident with the Stars discovery and with it's intrusive host rocks. On February 28, 2018 ML Gold reported that drillhole #4 intersected 40.2 metres of 1.02% copper equivalent (CuEq) within a broader interval of 204 m of 0.50% CuEq close to surface. Drilling at Stars targeted an area approximately 100m southeast of an area of previous drilling, where in 2001 drillhole DDH CS-07 intersected 142m of 0.25% copper. The 2018 discovery hole targeted an area of elevated magnetic signature that was coincident with both IP chargeability and copper-in-soil geochemical highs.

Based on information disclosed by ML Gold, the discovery appears to be associated with a NNE trending Induced Polarization chargeability anomaly which is open to the north, about 1 kilometer south of Shamrock's mineral tenures. On the Stars Property, both the mineralized trend and the chargeability anomaly correlate well with a NNE trending magnetic high evident in the regional airborne magnetic data. The regional magnetic trend continues northward onto the Company's newly acquired tenures from the Stars property and represents an excellent property-scale exploration target.

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