Silver Fields Resources Inc. Applies for Additional Saskatchewan Coal Permits
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VANCOUVER, BRITISH COLUMBIA, Jun 19 (MARKET WIRE) --
Silver Fields Resources Inc. ("Silver Fields"; "the Company") (TSX
VENTURE: SF)(OTCBB: SFRSE)(FRANKFURT: RLQ), announces that the Company
has made application for additional coal permits covering a new township
of interest, in accordance with the Coal Disposition Act of Saskatchewan.
The time frame for granting of the permits is dependent upon regulatory
requirements to process the applications.
The Company has submitted applications for additional permits covering
another 9,000 hectares in the vicinity of Lac La Ronge, Saskatchewan,
approximately 250 km north of the City of Prince Albert. Dr. K.W. Geiger
Ph.D., P.Eng., P.Geo., a director of the Company, was in Regina
researching historical coal documents and urged management to apply for
the additional permits. Dr. Geiger felt this area was of considerable
interest geologically, and was easily accessed by gravel roads, thereby
reducing exploration costs.
Management will keep Silver Fields shareholders aware of the status of
the coal permits, which have been filed with the Saskatchewan Ministry of
Energy and Resources, located in Regina, Saskatchewan.
Chris England, President & CEO of Silver Fields commented, "The recent
discovery of Coal deposits in east-central Saskatchewan has resulted in a
"Coal Rush" with much of the available properties being targeted for
permits. Silver Field's management has become very selective in acquiring
additional properties, and Dr. Geiger is providing valuable guidance."
On behalf of the Board of Directors
Chris England, President and CEO
Silver Fields Resources Inc.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at
any time, the Company's actual results may differ materially from the
expected results.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
Contacts:
Silver Fields Resources Inc.
Chris England
President and CEO
(604) 684-0454
Email: info@silverfieldsresources.com
Website: www.silverfieldsresources.com
Copyright 2008, Market Wire, All rights reserved.
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