HILTON HEAD, S.C., Sept. 16, 2011
/PRNewswire/ -- Silver Scott Mines,
Inc. (OTC: SILS.pk) is pleased to announce acquisition by the
company of 485 mineral claims in central Pershing County, Nevada. The unpatented
mining claims cover about 10,000 acres (~ 4050 hectares) where
outcropping mineralized sedimentary rocks and alteration are
similar to the other nearby gold deposits such as the Willard
(Willco) mine, and the Spring
Valley gold deposit.
Eighty-five reconnaissance geochemical rock chip samples
utilizing multi-element analysis have been reviewed and the results
are very encouraging with anomalous gold and pathfinder elements
present. Limited chip and grab rock geochemical samples were
taken along a six kilometer portion of the length of the alteration
system for verification of the presence of favorable geochemistry
indicative of a larger mineralized system. These samples
returned numerous anomalous gold and silver values along the trend
including up to 6.97 ppm Au and 233 ppm Ag.
To further verify and investigate the size of the mineralized
system, two geophysical Reconnaissance Induced Polarization (RIP)
arrays were completed in the claim area. John Reynolds,
Geophysicist for the Company commented: "The two completed
RIP arrays contain anomalous polarization and resistivity responses
consistent with Nevada sulfide-based mineralized systems.
However, the overall response suggests a potential for
significant depth of oxidation in portions of this mineralized
region." Polarization values obtained, although low
amplitude, reflects a combination of anomalous altered and
pyritized sedimentary host rocks. Additional overlapping
survey centers will be required to fully map the mineralized
systems.
Mel Herdrick, Chief Geologist for
the Company, stated that based on his experience working in large
bulk minable mineral trends in North
America, the potential exists in the Pershing Pass project
area for a sizeable gold-silver deposit. "Significant mapping
and sampling remains to be completed over the next 6 months to
explore this area's potential for large resources, however, I am
highly encouraged by the results so far."
The Humboldt Gold Belt includes Spring
Valley on the north, the Rochester and Nevada Packard deposits centrally, the Relief
Canyon Mine in the south central part of the belt, and then extends
into the Pershing Pass area on the south. The Company data
review covering the District, particularly aided by the published
aeromagnetic data, show a probable batholithic contact at depth
with its western side boundary continuing southerly into the
Pershing Pass area. The recently completed field exploration
confirmed this concept with the discovery of altered porphyritic
dikes in some of the historic Pershing Pass underground
workings.
Additional mapping and sampling combined with geophysical
exploration and remote sensing studies designed to assist the
targeting are currently underway with additional technical studies
planned for the next 6 to 12 months. Drilling is expected to
follow definition of viable gold-silver targets in mid to late
2012.
For further information please contact:
John Ryan
Silver Scott Mines, Inc.
301 Central Ave. #384
Hilton Head, SC 29926
1.404.418.6203 phone
1.843.842.7248 fax
The source of this news release is Silver Scott Mines, Inc.
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange
Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934, as amended, which are intended to be covered
by the safe harbors created thereby. Investors are cautioned that
all forward-looking statements involve risks and uncertainties and
therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate.
SOURCE Silver Scott Mines, Inc.