LANGLEY, CANADA, September 21, 2009 – Shoreham Resources Ltd. (the “Company” or “Shoreham”) (TSX-V: “SMH”), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, is pleased to announce that the area held by the Paint Mountain Prospecting License (8,875 acres, east of and contiguous with the Marudi Mountain Mining License) has been protected by a re-issued new Prospecting License.
Shoreham Resources Ltd. holds rights to the Paint Mountain Prospecting License through its option to earn 75% of Romanex Guyana Exploration Inc., the 100% owner of the Marudi Mountain License and now the proprietor of the Paint Mountain License area. The area defined as the Paint Mountain License was held in a prospecting License by Vanessa Guyana Exploration Inc. commencing in 2003. The Property was subject to a program of line cutting funded by Vannessa Ventures Ltd. (now Infinito Gold Corp.) in 2005 followed by systematic soil, rock stream sediment and panned concentrate sampling funded by Shoreham in 2007. The results of this study showed anomalous gold values in four (4) discrete target areas with a geological setting and expression similar to the Mazoa Hill and Marudi mineralized zones which are the historic focus of attention at Marudi Mountain. Of the 1837 soil samples, the values ranged from detection limits to discrete high gold concentrations of 12,091 parts per billion. Of the 196 rock samples collected in the systematic array, two (2) targets are defined by anomalous values ranging from lower detection limits to 3,567 parts per billion.
In response to this encouragement and confirmation of the title, the Company has mobilized systematic soil, rock chip and auger drilling programs in the two largest and most accessible gold zones in the Paint Mountain License area.
David Bending, M.Sc., P. Geo., President and CEO of Shoreham Resources Ltd., is a Qualified Person as defined in National Policy 43-101 (“NI 43-101”), and is responsible for all technical information contained in this news release. Mr. Bending reports: "We were initially cautious about the results from the 2007 sampling program, but as our understanding of the Marudi targets developed, we learned how to evaluate the Paint Mountain data. We recognize a major extension of the Marudi/Mazoa system in the Paint Mountain License and have been eager to mobilize systematic follow up target definition sampling to advance Paint Mountain to the drill stage.”
For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company’s projects and plans are accessible at www.agoracom.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
