TSX Venture Exchange: STS
VANCOUVER,
June 26, 2012 /PRNewswire/ -
StoneShield Capital Corp. (STS - TSX Venture Exchange; 5XS -
Frankfurt Stock Exchange) ("StoneShield" or the "Company") is
pleased to provide shareholders with its plans for exploration at
the company's Geldenhoof property in the Blackwater discovery area,
British Columbia.
The Geldenhoof property is comprised of two
neighbouring mineral claims which total 2,613 hectares in size, and
is located approximately 4km east of New Gold Inc.'s Blackwater
Gold Project ("Blackwater"). Blackwater hosts defined indicated and
inferred resources totaling 7.8 million ounces of gold. The deposit
remains open in all directions and at depth, and New Gold plans to
drill over 200,000 metres at Blackwater during 2012.
Company geologists have recommended a two-phase
exploration program at Geldenhoof. Phase One would consist of
follow up work on anomalous zones of silver, zinc, copper and gold
discovered by the Company's 2011 soil sampling program in the
western half of the property. The prominent northwest
trending fabric within the soil geochemistry is compelling in that
it corresponds to the margin of a two square kilometer magnetic
high (likely a buried intrusive body) and suggests a strong
structural control to mineralization in the area. Follow up
exploration will include geologic prospecting, rock sampling and
stream sediment sampling by a team of two geologists.
Phase Two would consist of an Induced
Polarization survey to establish drill targets to test for precious
and base metal mineralization at depth.
The Company is using the adjacent Blackwater
discovery as an exploration model for its tenures and is very
encouraged by its preliminary findings. The geology at
Geldenhoof is similar to that found in the Blackwater area.
Mesozoic to Cenozoic volcanic host rocks are locally brecciated and
silicified and contain bodies of rhyolite of possible intrusive
origin.
For full details on the StoneShield option to
purchase the Geldenhoof claim, please view the Company's news
release of January 10th,
2011 at:
http://www.stoneshieldcapital.com/uploads/news/stoneshield_nr_011011_geldenhoof_acquisition_final.pdf.
For more information on the Blackwater
discovery, please refer to New Gold Inc's. web site and SEDAR
filings for more details.
This news release has been prepared on behalf of
the Company's board of directors, who accept responsibility for its
contents. Technical information for the Geldenhoof project has
been provided by Eric Ostentoe, P. Geo, a Qualified Person as
defined by National Instrument 43-101.
StoneShield is a publicly traded exploration
company focused on the discovery of high-value precious metals
deposits in North America. The
Company's experienced management team boasts multiple discoveries,
and brings over 145 years of combined experience in the mining and
exploration sector. Please visit the Company's web site address at
www.stoneshieldcapital.com .
For further information contact
ON BEHALF OF THE BOARD OF DIRECTORS
OF
STONESHIELD CAPITAL CORP.
"Kris Kottmeier"
_______________________
Kris Kottmeier
President/CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Stoneshield Capital Corp.