CSE SYMBOL: SRS

Shamrock Enterprises Planning 2018 Topley Richfield Exploration Program

News Release

CSE: SRS

April 6, 2018

 

Shamrock Enterprises Inc.  (“Shamrock” or the “Company”), is pleased to announce it is in the planning stage for the upcoming 2018 work programs at the Topley Richfield project near Smithers, B.C. The company is planning to carry out geophysical surveys plus gridded soil sampling over the majority of the portion of the property that remains untested by these means. Diamond drilling will be planned to test the soil sampling and geophysical anomalies which were defined during the 2017 GIS review and any additional anomalies discovered by the 2018 field season.

The Topley Richfield property is located in the Bulkley Valley in the Omineca Mining Division of British Columbia, roughly 85 kilometres east-southeast of Smithers, B.C. The Topley-Richfield Property occurs within the Intermontane Belt of British Columbia in the Stikine volcanic arc terrane and is completely underlain by the Early to Middle Jurassic Hazelton Group. 

The Skeena (Stikina) Arch is one of the best mineralized areas of British Columbia hosting a plethora of deposit types including polymetallic base and precious metal veins, porphyry, epithermal and skarn deposits; sedimentary exhalative (“SEDEX”) and volcanogenic massive sulphide (“VMS”). Mineralization at the Topley-Richfield Property has previously been classified as a VMS deposit but also has affinities to epithermal deposits. Examples of other epithermal deposits in the area include the Equity Silver Mine, B.C.’s largest silver producer (with historical production at 71 million ounces [“Moz”] of Ag and 0.5 Moz of Au), is located approximately 50 km south of Topley Richfield property.

In 2006-2008 gridded soil sampling plus ground based magnetic and IP surveys were carried out up to 2km west of known historical small scale mining. The soil sampling returned three north-northwest trending well defined Cu-Ag soil anomalies up to 1km in length and are parallel with the regional lithological and structural trend suggesting that insitu sulphide mineralization is a probable source of the soil anomalies (see company website Topley page for geophysics over soil anomalies maps at http://www.shamrockresources.com/index.php/projects/topley-richfield-project ). The location of the soil anomalies in relation to northwest trending chargeability and/or resistivity IP anomalies only enhances the prospectivity of the tenement. A soil anomaly on the western edge of the sampled grid is also associated with a much larger and stronger magnetic low with both anomalies open to the west. The magnetic survey also shows the possible presence of intrusive stocks in the south part of the grid and to a lesser extent at the west edge of the grid. If they are intrusive stocks they may represent either a heat/fluid source of, and/or host for porphyry style mineralization.  Although the grid covers an area of roughly 2x2km, the majority of the property has received no exploration and it is evident that the bulk of the Topley Richfield property is underexplored and represents an excellent opportunity for precious and base metal discovery.

Fifty kilometers north of the property, two past producing copper porphyries, the Bell and Granisle also occur. In comparing the porphyries in the Granisle area to characteristics at Topley Richfield three factors stand out;

Granisle Area

Topley Richfield

The deposits are associated with northwest trending faults and subsequent splays.

Northwest trend of the magnetic, chargeability and resistivity in the upper 2/3 of the exploration grid.

Presence of polymetallic veins on the periphery of both porphyry deposits

All known mineralization is polymetallic hosted within hydrothermal quartz-carbonate veining and/or alteration

Cu values > 100 ppm identified insitu copper mineralization at the Old Fort and Trail Peak prospects

The Cu in soil anomalies at TR property grades up to 156 ppm Cu

 

The Topley Richfield project is approximately 75 km north east of the recent copper porphyry discovery made by ML Gold on their Stars project. This area of the Bulkley Valley has seen a resurgence of staking and exploration as of late, with numerous exploration companies such as ML Gold, New Nadina, Jaxon Mining, Finlay Minerals and others, active in area.

The contents of this news release have been reviewed and approved by Plen Dickson, P.Eng., 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 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”

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.