September 10, 2019
Shamrock Enterprises Inc. ("Shamrock" or the "Company"), a Canadian mineral exploration company, is pleased to announce it has completed the acquisition from a private vendor a 100% interest in the Buckley Project mineral claims, in British Columbia, approximately 57 kms southwest of Houston B.C. The Buckley claims consists of 24 mineral claims covering an area of 15,317.5 hectares. Shamrock now holds title to 18,546 hectares known as the Stellar project, which border 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
The Stars porphyry discovery represents a porphyry Cu-Mo discovery in an area of excellent access and infrastructure. Shamrock's 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 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".
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.