Shamrock Increases Milly Property Claim Group in Central British Columbia
SHAMROCK ENTERPRISES INC.
Suite 500 – 666 Burrard Street, Vancouver, BC V6C 3P6
Tel: 604.880.2121 Fax: 604.608.5442
Email: [email protected] website: www.shamrockresources.com
News Release
CSE: SRS
December 11, 2018
SHAMROCK SIGNS OPTION TO PURCHASE MILLY PROPERTY MINERAL CLAIMS IN CENTRAL
BRITISH COLUMBIA
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.”
Terms of the Agreement
Shamrock can acquire a 100% working interest in the Milly Project from the Vendor under the following terms and
conditions:
▪ $150,000 in cash payments over 4 years,
▪ Delivery of 2.0 million shares of Shamrock over 4 years,
▪ A 2.0% Net Smelter Return (“NSR”) on the property. Shamrock has retained the right to purchase 1.0% of the NSR
for a purchase price of $1.6 million.
Suite 500 – 666 Burrard Street, Vancouver, BC V6C 3P6
Tel: 604.880.2121 Fax: 604.608.5442
Email: [email protected] website: www.shamrockresources.com
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.
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the
procurement, exploration and development of gold, 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".
On behalf of the Board,
“Bob Faris”
President and 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.
SHAMROCK ENTERPRISES INC.
Suite 500 – 666 Burrard Street, Vancouver, BC V6C 3P6
Tel: 604.880.2121 Fax: 604.608.5442
Email: [email protected] website: www.shamrockresources.com