Silver Fields Resources Inc., listed on the TSX Venture Exchange under the symbol 'SF', is an exploration company focused on exploring for precious metals and new energy sources on mineral properties acquired in North America.
The company’s primary focus is Silver with current projects located in British Columbia. However, with the recent discovery of coal deposits in Saskatchewan, the Company made the decision to begin to diversify its property portfolio and has recently received Coal prospecting permits on 28,188 Hectares of land in East-Central Saskatchewan and Manitoba.
All properties have been selected on the basis of promising stratigraphy and structure, documented alteration, and proximity to historical mineralized occurrences.
Coal Exploration Permits — Saskatchewan/Manitoba
On May 23rd, 2008, Silver Fields began to submit applications for coal exploration permits in both East-Central Saskatchewan and Manitoba, near the area of Goldsource Mines Inc.’s recently announced coal discovery. The Company has completed four separate rounds of applications for a total of 28,188 hectares (281.88 sq. km) in the area.
The first round of applications (May 23, 2008) for Saskatchewan coal permits were submitted shortly after Goldsource Mines Inc. announced the intercept of coal in two separate drill holes spaced 1.64 km (1 mile) apart. The two coal intercepts were approximately 25 and 35 meters in thickness. Subsequent testing of the intercepts graded the coal encountered from High Volatile Bituminous C to Sub-Bituminous B. This first round of permits applied for are in the vicinity of this discovery. Silver Fields received a Comfort Letter from the Saskatchewan Government denoting Silver Fields as being "first-in-line" for these permits.
The next three rounds of applications (June 18-July 02, 2008 for Saskatchewan and June 26, 2008 for Manitoba) were submitted after extensive on-site analysis of the underlying geology and historical records of the area applied for were examined and reviewed by the Company’s project geologist, Dr. K. Warren Geiger, PH.D, P.ENG, P.GEOL. Silver Fields also received Comfort Letters from the Saskatchewan Government denoting Silver Fields as being "first-in-line" for these subsequent rounds of permits in Saskatchewan.
The Company has recently received permits on properties applied for and is in the process of submitting the required Surface Disturbance Reports to the Ecological Protection Specialists from the Saskatchewan Ministry of Environment. These reports will follow the guidelines stated in the Best Management Practice (BMP) section of the province’s Mineral Exploration Guidelines.
A geological team, headed by Dr. K. Warren Geiger, spent much of September, 2008 mapping possible drill targets on the first priority coal dispositions.
Further acquisitions are being considered as Company geologists continue to do due diligence and initial exploration results become available.
THE ARGENTUM PROPERTY — BC, CANADA
The 290.583 hectare Argentum property covers and surrounds Crown-Granted mining claims containing the historic Lucky Jim zinc, lead and silver mine located just north of Sandon in the Slocan Mining District. The Lucky Jim Mine produced just over 1 million tonnes of ore containing 599,109 ounces of silver, 175,925,995 pounds of zinc, and 8,150,195 pounds of lead. A geological assessment of the historical information available was completed and field crews were mobilized on the property in September, 2008. Results will be released as soon as received.
THE KEREMEOS PROPERTY — BC, CANADA
The 190.482 hectare Keremeos Silver property covers and adjoins the Silver Bell and Horn Silver Crown-Granted mining claims which contain the historic Horn Silver Mine. The Horn Silver Mine produced 433,177 tonnes of ore containing 4,089,409 ounces of silver and 10,706 ounces of gold plus lead, zinc and copper. The company’s field crews have completed a phase 1 soil geochemical survey program, and have collected approximately 200 soil samples from two grid areas covering favourable geology covered by shallow overburden located east and west of the past-producing Horn Silver Mine. The Horn Silver Mine was noted for the pure wire silver and other rare silver minerals found within the vein systems.
A new discovery of copper mineralization occurring within the Mt. Kobau Group quartzites and schists was located near the Similkameen River and the main highway. The showing displays malachite staining across several metres of rusty biotite schist.
Assay results from the soil sample program and the new discovery will be released as soon as received.
THE COPELAND PROPERTY — BC, CANADA
The 507 hectare Copeland Property is situated on the southern side of Mt. Copeland near Revelstoke, BC, adjoining the prospective Jordan River silver, lead, zinc deposit and the past-producing King Resources molybdenum mine. The property hosts a large nepheline syenite intrusion associated with the molybdenum deposits, and has the potential to host silver, lead, zinc, and niobium/light rare-earth element mineralization. Industrial minerals such as nepheline and tremolite form extensive deposits on the property. The property is also prospective for the occurrence of certain gem minerals such as sapphire, iolite, garnet, tourmaline and others, which are known to occur within correlative stratigraphic rock units in the Revelstoke area and further south in the Valhalla Gneiss Complex. A work program is being planned that will investigate the economic potential of the property.
THE FRISBY RIDGE PROPERTY — BC, CANADA
The property is comprised of 3 claim blocks totaling 73 claim units, located just north of the City of Revelstoke in the Columbia-Kootenay area of British Columbia, Canada. The claims are a Sedex type deposit showing silver, lead and zinc, similar to the nearby Ruddick Creek, Cottonbelt and Jordan River deposits. The mineralized horizon has been followed for more than a kilometer, and is thought to extend throughout the entire property length. There is also a parallel horizon 2-5 metres thick of extrusive carbonatite, a type of volcanic limestone. Further exploration is warranted as previous soil geochem and geophysics were quite anomalous, extending the mineralized areas off the grid.
THE TULAMEEN PROPERTY — BC, CANADA
The 420 hectare Tulameen Mountain Silver Property is situated on Tulameen Mountain in the Summit City Silver Camp, host to the adjoining Huldra Silver Treasure Mountain Mine. The Treasure Mountain Mine hosts a high-grade silver, lead, zinc vein deposit. Extensive work has been carried out on that property, including diamond drilling, surface bulk sampling, and extensive underground working on four levels. A work program is being planned that will investigate the economic potential of the Tulameen Mountain Silver Property.
THE TEIHSUM RIVER PROPERTY — BC, CANADA
The Teihsum River Property is located on Vancouver Island approximately 16 km southeast of Port Alice BC, on the SW slope of Merry Widow Mountain. The property consists of 44 claim units and adjoins Grande Portage Resources Inc.'s Merry Widow Mine gold-copper-cobalt deposit. The Teihsum Property hosts a number of recently discovered gold and base metal deposits, in a geological setting analogous to the nearby Merry Widow and Coast Copper mines, and the Zeballos area gold mines.
The Company has retained a 50% interest in the Teihsum River Project. The other 50% is under option to Grande Portage Resources Limited, a company currently undertaking a large exploration program on the adjoining Merry Widow property.
A property wide airborne geophysical survey was completed by Grande Portage and a drill program commenced in December, 2007. Four drill holes totaling 516.9 metres of a planned 10-hole drill program were completed. A structurally and geologically complex package of altered limestone, basic and felsic volcanics, and numerous dykes was encountered. Anomalous amounts of zinc, gold and arsenic mineralization were assayed, but the targeted gold-bearing graphitic shear zone was not intersected.
Future plans are to continue with the exploration/delineation drill program during better weather conditions from the preferred drill locations adjacent to the 2004/05 drill set-up.
A more complete 43-101 compliant report is nearing completion.
MR. CHRIS ENGLAND
PRESIDENT & CEO
Mr. England has extensive experience in the Securities Industry both as a director/officer of public companies and as a registered representative. In 1969 Mr. England started his first public company, and between that date and 1980, he formed or managed a number of other public vehicles. From 1981 to 1988, Mr. England became a stockbroker, working with Pemberton Securities, Yorkton Securities, and after a brief retirement returned to the brokerage business as a Divisional Sales Manager and Shareholder with Georgia Pacific Securities in 1990. He opened three branches for Georgia, in Kelowna B.C., Edmonton Alberta, and Calgary Alberta, helping to increase the size of the firm from 38 to over 170 employees. Mr. England sold his Georgia holdings in 1999 and became a private consultant, specializing in corporate finance, corporate and management restructuring, investor relations, and shareholder communications.
DR. COLIN BOWDIDGE, Ph.D., P.Geo.
VP EXPLORATION, DIRECTOR
Colin R. Bowdidge was educated at the University of Cambridge, where he received an M.A. degree in mineralogy and petrology, and at the University of Edinburgh, where he earned a Ph.D. in geology. He is a registered Professional Geoscientist with the Association of Professional Geoscientists of Ontario. He has worked in mineral exploration for 32 years, primarily in Canada, but including projects in the U.S.A., South America and Europe. Dr. Bowdidge has a thorough knowledge of applied geology as it relates to mineral exploration and also has extensive hands-on experience in modern geophysical and geochemical exploration techniques. The majority of his experience has been in the Canadian Shield where a long and complex history of metamorphism and deformation requires careful observation and skilful interpretation to unravel geological environments and their effect on mineralization. In addition to exploration projects, Mr. Bowdidge has been involved in the development of several mines: the Pinebay copper mine in Manitoba, the Thierry nickel-copper mine in northwest Ontario, the Cerro Mojon gold mine in Nicaragua and the San Andres gold mine in Honduras.
DR. K. WARREN GEIGER, Ph.D., P.Eng., P.Geol.
Dr. Geiger has a Ph.D. in Economic Geology from Cornell University, as well as a Bachelors Degree in Mining Engineering from the University of Alberta. He specializes in the evaluation and monitoring of mining exploration projects and has been a principal in the formation, financing, property acquisition and management of exploration-oriented mining companies. Noteworthy examples of these companies are Aquarius Resources Ltd. (President), Arizona Star Resource Corp. (President), Nevada Star Resource Corp. (President) and Alberta Star Mining Corp. (Vice President). He is a "Qualified Person" as defined in National Instrument 43-101 and has been approved to write geological reports.
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