Shamrock Completes Airborne Geophysical Survey over Its Stellar Project
Suite 500, 666 Burrard St., Vancouver, B.C., V6C 3P6 T: 604-880-2121 F: 604-608-6442
Email: [email protected]
News Release
CSE: SRS
February 25, 2019
SHAMROCK COMPLETES AIRBORNE GEOPHYSICAL SURVEY OVER ITS STELLAR PROJECT
Shamrock Enterprises Inc. (“Shamrock” or the “Company”), CSE: SRS) is pleased to announce that it has
completed an airborne magnetic geophysical survey over its 18,546 ha (>18.5 km2) Stellar Project. The property
lies north of and partially surrounds ML Gold’s Stars porphyry copper-gold-silver-molybdenum discovery.
Shamrock contracted Peter E. Walcott and Associates Ltd., to fly a total of 1370 km on east-west lines at a line
spacing of 200 m. The area surveyed includes the northern end of a prospective aeromagnetic high that
encompasses the Stars discovery and its host intrusive rocks, as well as a north-trending magnetic high to the
northeast (Figure 1 – Note: Figure represents Quest West Residual Magnetics, not 2019 preliminary airborne
magnetic data) https://www.shamrockresources.com/index.php/projects/stellar-claims. The survey is intended
to provide the geological framework for ground-based exploration, with a focus on porphyry and vein style
mineralization. Preliminary results have been received, and once a thorough interpretation of the geophysical
data is completed, priority areas will be selected to guide 2019 exploration.
The Stellar property and Stars discovery lie along the northwestern margin of the Nechako Plateau, where it
borders the east side of the Coast Mountains in west-central B.C., approximately 25 km southwest of the town of
Houston, B.C. The Stars discovery represents an important early-stage porphyry discovery and the Stellar property
now covers a large and nearby area with excellent exploration potential and access and infrastructure to
match. The mineral tenures can be accessed via Highway #16 and an extensive network of Forest Service Roads,
many of which are open year-round.
The contents of this news release have been reviewed and approved by Charles J. Greig P.Geo., a Qualified Person
as defined in National Policy 43-101.
The Company also announces it has completed its second tranche of its previously announced private placement
for up to $250,000 in non-flow through units priced at $0.03 per Non-Flow Through unit (“NFT-Unit”) and up to
$250,000 in flow-through shares priced at $0.05 per share (“FT-Share”). Each NFT-Unit will consist of one
common share in the Company and one half of a share purchase warrant. Each full warrant of the NFT-Units
is exercisable to purchase one common share at $0.05 for two years from the date of closing.
The Company has issued 1,243,257 NFT Units in the second tranche for a total gross aggregate proceeds of
$122,898.00 and will continue to seek funding for the remaining amounts as noted above.
Suite 500, 666 Burrard St., Vancouver, B.C., V6C 3P6 T: 604-880-2121 F: 604-608-6442
Email: [email protected]
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on
the procurement, exploration and development of precious and base 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".
On behalf of the Board,
“Bob Faris”, CEO
For further information, please contact:
Shamrock Enterprises Inc.
Bob Faris, Chief Executive Officer
Phone: (604) 880-2121
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