Post by Franko10 ™ on Nov 27, 2007 11:10:45 GMT -5
SHANE RESOURCES LTD. 105-111 Research Drive Telephone: (306) 664-3828 Saskatoon, SK S7N 3R2 Facsimile: (306) 244-0042 N E W S R E L E A S E
Saskatoon, SK: April 11, 2006 - Shane Resources Ltd. (TSX - SEI): Mr. Rick Walker reports that assay results have been received from samples taken from the Company’s Coriloma project in Peru. An adit has been driven to intersect the gold-bearing vein structure 45 metres below surface. The samples were taken approximately every metre along a drift to the north and to the south of the adit. Samples for 14 metres to the south assayed from 39.2 grams of gold per tonne to 125 grams per tonne. Sampling for 6 metres to the north along the vein yielded assays from 2.9 grams of gold per tonne to 44.7 grams per tonne. The vein in this area ranges in width from 0.3 metres to 0.9 metres in width. Locally, the vein is up to 1.5 metres wide. These samples were securely transported to Lima for assay by CIMM Peru S.A.
The Company hopes to move forward on this property and define the vein structure further along strike in both directions. Negotiations for a permit to explore and develop the property should be completed soon. Shane Resources is also examining other mineral properties in Peru for possible optioning or joint venturing. The qualified person for Shane’s Peru operations is Mr. Jose Preciado of Saskatoon.
ON BEHALF OF THE BOARD “Rick Walker” Rick Walker President
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.