Shamrock Enterprises Inc. (“Shamrock” or the “Company”), is pleased to announce that it has signed an Option to Purchase Agreement (the Agreement) with one non arm’s-length and three arms-length private vendors to acquire a 100% interest in the Milly Project mineral claims in central British Columbia, approximately 50 kms southwest of Mackenzie B.C. The Milly Project consists of 4 mineral claims covering an area of 6013.2 hectares, and is 25 km southeast of Centerra’s Mount Milligan deposit, which hosts a resource of 2.84 billion pounds of copper and 7.50 million ounces of gold.
Historical work shows that the Milly Property encompasses two distinct and broad soil geochemical anomalies that are in part coincident with geophysical anomalies (magnetometer and Induced Polarization-chargeability) along a northeast-southwest trend that lies within British Columbia’s prospective yet under-explored Central Plateau area. The northeast anomaly is characterized by a 4 km long x 1 km wide gold-in-soil anomaly of excellent tenor, while the southwest anomaly is nearly 4 km in diameter, copper- and gold-in-soil anomaly, hosting local mineralized outcrop (up to 1.1% copper, 24 g/t silver and 0.9 g/t gold), and with nearby float samples grading up to 2.4% copper, 0.6% molybdenum and 1.5 g/t gold.
Access to the Milly property is excellent, being serviced by an extensive network of logging roads. Its relatively low elevation and gentle topography provide an opportunity for a long and efficient exploration season.
Charles J. Grieg, P.Geo. of C.J Greig and Associates and a Director of Shamrock, stated, “The size and tenor of the historic soil anomalies on the Milly Property are highly encouraging. Ice flow indicators directly match the soil geochemical trends, and mineralized outcrop within the southwestern anomaly could indicate that the distance of glacial dispersion may be minimal. Initial exploration will focus on linking the two anomalous zones with widely spaced soil geochemical lines, and a modern high-resolution magnetic survey should help to define the underlying geological and structural framework.”
See Complete Press Release on Company Website: www.shamrockresources.com