• Home
  • Media Releases
  • Shamrock Enterprises Inc. Signs Option to Purchase Additional Strategic Mineral Claims in British Columbia

Shamrock Enterprises Inc. Signs Option to Purchase Additional Strategic Mineral Claims in British Columbia

Shamrock Enterprises Inc.  (“Shamrock” or the “Company”), is pleased to announce it has signed an Option to Purchase Agreement (the Agreement) with an arm’s-length private vendor to acquire a 100% interest in the Buckley Project mineral claims, in British Columbia, approximately 57 kms southwest of Houston B.C. The Buckley Project consists of 24 mineral claims covering an area of 15,371.5 hectares, and is contiguous with Shamrock’s Stellar claims, which partially surround ML Gold’s exciting new Stars porphyry discovery.

Rationale for the Acquisition

Shamrock’s Buckley and Stellar properties lie along the northwestern margin of the Nechako Plateau in west-central British Columbia, bordering the east side of the Coast Mountains. The property borders the eastern, western and, perhaps most importantly, the northern part of ML Gold’s exciting new Stars porphyry copper-gold-silver-moly discovery. The Stars porphyry discovery represents a possible higher-grade porphyry discovery in an area of excellent access and infrastructure. Shamrock’s northern claims, including the newly-acquired tenures, cover a prominent NNE trending group of regional aeromagnetic highs that include one coincident with the Stars discovery and it’s intrusive host rocks (please see map at http://www.shamrockresources.com/images/Shamrock%20Stellar-Buckley%20Claims.png ). On February 28, 2018  ML Gold reported that drillhole #4 intersected 40.2 metres of 1.02% copper equivalent (CuEq) within a broader interval of 204 m of 0.50% CuEq close to surface.  Drilling at Stars targeted an area approximately 100m southeast of an area of previous drilling, where in 2001 drillhole DDH CS-07 intersected 142m of 0.25% copper was intersected.  The 2018 discovery hole targeted an area of elevated magnetic signature that was coincident with both IP chargeability and copper-in-soil geochemical highs.

Charles J. Grieg P.Geo., a Director of Shamrock, stated, “Speculatively, Shamrock’s northern tenures are believed to cover intrusive rocks, marked by airborne magnetic highs, which could host mineralization—these will be the main targets for this season’s exploration in the area.”

Shamrock’s most recently acquired tenures bring its landholdings in the northwestern Nechako area to 17,715.08 hectares. The Company is in the process of planning more detailed airborne magnetic surveys, as well as stream sediment and soil geochemical surveys over the newly-acquired ground. Should the airborne surveys provide encouragement, follow-up work will include more detailed geochemical and possible ground geophysical work, with the aim of outlining diamond drill targets.

Terms of the Agreement

Shamrock can acquire a 100% working interest in the Buckley Project from the Vendor under the following terms and conditions:

  • $20,000 cash payment, subject to the company raising a minimum $200,000 non flow-through funds,
  • Delivery of 1.5 million shares of Shamrock,
  • 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 $1.0 million.

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”
President and CEO


For further information, please contact:

Shamrock Enterprises Inc.

Bob Faris, Chief Executive Officer
Phone: (604) 880-2121




CNC Nechako Region CNC Nechako is offering a Best Drivers Program for anyone interested in getting their driver's license. Register for this FREE program at either the Vanderhoof ...
Northern BC School of Dog Grooming Interested in your own career as a dog groomer? Here is great opportunity to learn those skills right here in the Regional District of Bulkley-Nechako.
Fort St. James District If you're on the board of a not-for-profit organization, you may be interested in the Board Governance Training workshop being offered in Fort St James.
Community Futures Entre-Corp Business Development What do you think of this idea? What would you bring to a Business Shower?
What a great idea 💡
Bulkley Nechako Opportunities shared Community ...
BC Wildfire Service The application closing date is coming up quickly!
Have you applied to become a BC Wildfire Service crew member? Wondering what happens next?
Applicants who ...
Smithers/Houston Works Job Opportunity at Houston Pellet
Bulkley Nechako Opportunities shared Smithers/Houston Works's post.
Timeline Photos Bulkley Nechako Opportunities added a new photo.
Sustainable RDBN Help wanted!! The RDBN is looking for a casual, on-call attendant for our recycling depot at the Smithers/Telkwa Transfer Station. We need someone who would ...
Village of Burns Lake Job opportunity with the Village of Burns Lake.
Job posting
Bulkley Nechako Opportunities shared Village of Burns Lake's post.
Timeline Photos The Canadian Environmental Assessment Agency is conducting a federal environmental assessment of the proposed Blackwater Gold Project. The public is invited to comment on the ...
District of Houston Job opportunity with the District of Houston.
The District of Houston now has an exciting position open in Corporate Services for an Executive Assistant. Consider ...
RDBN Planning Come out to the Open House scheduled for December 10th and 11th where we will discuss important policies being developed to move the Endako, Fort ...
Timeline Photos Are you a tourism operator? Has your business been impacted by wildfires or floods in the last two years? If so, Destination BC and Northern ...
LOCO Buy Local BC Week
Day 2 - Keep Communities vibrant by visiting brick and mortar stores!
#lovenorthernbc #shoplocal
Bulkley Nechako Opportunities shared LOCO's photo.
Village of Burns Lake Job Opportunity with the Village of Burns Lake!
Director of Recreation for the Village of Burns Lake
Bulkley Nechako Opportunities shared Village of Burns Lake's ...
LOCO Day One of BC Buy Local Week - Shop in Store!
#bcbuylocal #lovenorthernbc
Bulkley Nechako Opportunities shared LOCO's photo.
Timeline Photos Mark your calendars! You do not want to miss this great event!
The 2019 Regional Business Forum will be hosted by the District of Vanderhoof ...
The Moose Looking for a way meet new people in the comfort of your home and enjoy classical music? Check out this opportunity! Open to communities between ...
Our "elifie"! Be sure to get out and check out your community's Plaid Friday fun! #lovenorthernbc #shoplocal
Northern Development Initiative Trust Time for Plaid Friyay! Get out your best Plaid for tomorrow!
We all know everyone in Northern B.C. has their favourite plaid item of clothing ...
Lakes District Maintenance - Service Area #24 Bulkley Nechako Opportunities shared Lakes District Maintenance - Service Area #24's post.
TransCanada Strong communities are the goal!
Building strong communities is important to all of us. Tell us about the first responders in your community and they ...
Job opportunity!
The RDBN has an opening for Landfill Attendant at the Knockholt Landfill. See below job posting for position details and how to submit ...
College of New Caledonia - Lakes District Do you live on the Southside? Are you interested in learning computer skills? If yes, then take advantage of these FREE computer courses being offered ...
Bulkley Valley Community Foundation Grant opportunity through BVCF!
Bulkley Nechako Opportunities shared Bulkley Valley Community Foundation's post.
Timeline Photos The RDBN has a subscription to an online grant search engine, Foundation Search, and can provide user access to registered non-profit groups! Request access today ...
Burns Lake & District Chamber of Commerce Are you a small business owner or manager? Check out this seminar that the Burns Lake & District Chamber of Commerce is hosting!
Burns Lake ...
The Regional District of Bulkley-Nechako is seeking an experienced and enthusiastic individual to fill the position of Director of Protective Services! For information on this ...