Expansion of Second Epithermal System at Shot Rock Property, Nova Scotia
Expansion of Second Epithermal System
at Shot Rock Property, Nova Scotia
OTTAWA, May 1, 2019 /CNW/ - Northern Shield Resources Inc.
("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
provide an update on exploration at the Shot Rock Gold Property (the
"Property") in Nova Scotia, which is being explored for epithermal gold
mineralization. Northern Shield can earn up to an 80% interest in the
Property.
Expansion of Second Epithermal System at Shot Rock Property, Nova
Scotia (CNW Group/Northern Shield Resources Inc.)
Following-up on the discovery of a second low sulphidation system
within the Highway Zone at Shot Rock (see Press Release dated April
16, 2019), on-going prospecting has expanded the foot-print of the
second system by about 1 kilometer towards the east along ESE
trending structures. Numerous angular boulders, sub crop and now
outcrop have been identified along and parallel to this structure.
Chalcedony and jasperoid is common but appears to give way to more
classic colliform/crustiform banded quartz veins as one moves
eastward in this zone. The outcrop, discovered yesterday, consist of a
dense network of stockwork-style epithermal quartz veins. The
mineralogy and textures of the rocks observed in this area would
suggest the erosional level is generally very high, likely well above the
boiling cap.
Prospecting back in the discovery area has also located further large,
angular boulders consisting of wide, strongly banded quartz veins
whose locations correspond to one of the north-south trending
magnetic features identified in the recently completed survey.
The programs are being overseen by Christine Vaillancourt, P. Geo.,
the Company's Chief Geologist and a Qualified Person under National
Instrument 43-101.
Northern Shield Resources Inc. is a Canadian-based company
focused on generating high-quality exploration programs with
experience in many geological terranes. It is known as a leader in
executing grass roots exploration program for Ni-Cu-PGEs and
utilizing expertise and innovation toward working on other deposit
types. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield focussing on epithermal gold and related deposits in
Atlantic Canada and elsewhere.
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration
plans, results and potential for epithermal gold deposits, and other
mineralization at the Company's Nova Scotia properties, geological,
and geometrical analyses of the properties and comparisons of the
properties to known epithermal gold deposits in Nevada and
elsewhere, and other expectations, plans, goals, objectives,
assumptions, information or statements about future, conditions,
results of exploration or performance that may constitute forward-
looking statements or information under applicable securities
legislation. Such forward-looking statements or information are based
on a number of assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in
such forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements because
Northern Shield can give no assurance that such expectations will
prove to be correct. Forward-looking statements or information are
based on current expectations, estimates and projections that involve
a number of risks and uncertainties which could cause actual results
to differ materially from those anticipated by Northern Shield and
described in the forward-looking statements or information. These
risks and uncertainties include, but are not limited to, risks associated
with geological, geometrical and geophysical interpretation and
analysis, the ability of Northern Shield to obtain financing, equipment,
supplies and qualified personnel necessary to carry on exploration
and the general risks and uncertainties involved in mineral exploration
and analysis.
The forward-looking statements or information contained in this news
release are made as of the date hereof and Northern Shield
undertakes no obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Northern Shield Resources Inc.
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For further information: Northern Shield Resources Inc., Ian Bliss,
President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760,
CO: Northern Shield Resources Inc.
CNW 08:30e 01-MAY-19