Exploration Update on Shot Rock and Root & Cellar Gold Projects - Drilling to Commence Shortly at Shot Rock
Exploration Update on Shot Rock and Root &
Cellar Gold Projects - Drilling to Commence
Shortly at Shot Rock
OTTAWA
,
Jan. 16, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on exploration at the Company's two
flagship properties, the Shot Rock Property ("Shot Rock") in
Nova Scotia
and the Root & Cellar
Property ("Root & Cellar") in
Newfoundland
; both of which are being explored for low sulphidation
epithermal (LSE) gold mineralization. Northern Shield can earn up to an 80% interest in Shot Rock
and 100% in Root and Cellar.
"We are very happy to be drilling Shot Rock shortly and eager to see the core," states Northern
Shield President and CEO,
Ian Bliss
. We are also most encouraged by what we keep seeing from
the progress at Root & Cellar. This project is rapidly catching my attention the more we work on it,"
continues Mr. Bliss.
Shot Rock
The logistics are underway for a 2,000 to 2,500 metre diamond drilling program anticipated to
commence the last week of January with some initial results expected by early March. The program
is planned to consist of 5- to 8 drill-holes with a focus on the Highway Zone and 1 or 2 drill-holes
planned for the Middle Zone.
Northern Shield and prospector
Patrick Bellefontaine
discovered LSE gold mineralization in an
outcrop at Shot Rock in the fall of 2018. The discovery, the first known of its kind in the Province,
was made within a few hundred metres of the Trans-Canada Highway. Since then the Company and
its consultants have diligently outlined four epithermal gold systems of which the Highway Zone has a
substantial foot-print with gold-bearing quartz veins (0.025 to 2.5 g/t Au) being found over an area
measuring approximately 300 x 600 metres. Importantly, the Company identified outcrops which are
believed to represent a silica cap, an essential component in LSE gold systems. This is significant as
the mineralized vein network in LSE gold systems is typically located directly below the silica cap
and it confirms the relatively high level of exposure at Shot Rock and that the system is likely largely
intact.
The drilling program will be Contracted to Logan Drilling Group based in
Stewiacke, Nova Scotia
and
will be overseen by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist and a Qualified
Person under National Instrument 43-101.
Root & Cellar
Permitting has been received for trenching and a high resolution airborne magnetic survey at Root &
Cellar. The magnetic survey will commence as soon as a window of stable weather can be
predicted but is anticipated to be completed in January.
Permitting has also been received for a planned trenching program. The trenching program will
commence on completion of the airborne survey and will be expanded to test several large and
distinct soil anomalies (see press release dated
October 10, 2019
) at the Conquest and Drop
Zones. Of particular interest is a 1.4 kilometre long, 200 to-300 metre wide gold-in-soil anomaly that
is bounded on the south by the gold-bearing Conquest Zone (up to 47.9 g/t Au) and Rhyolite Dome
and to the north by several previously collected gold anomalous rhyolite boulders. The soil survey
also clearly defines the Drop Zone to be distinctly anomalous in Au, Ag and Tellurium and would
suggest 3 to 4 east-west trending parallel zones. In both cases the soil geochemistry mimics that of
the known mineralization in the showings.
Prospecting prior to the end of 2019 located outcrops and boulders of particular interest within both
soil anomalies that are generally visually consistent with other known mineral occurrences within
Root & Cellar. These samples have been submitted to the lab for assay.
The technical programs are being overseen by
Christine Vaillancourt
, P. Geo., the Company's Chief
Geologist and a Qualified Person under National Instrument 43-101. Samples cited were analyzed
by ALS Global in
Sudbury, Ontario
and in
Vancouver, BC
, for Au by Fire Assay with ICP-AES finish
and base metals by four acid digestion and ICP-AES. All standards and duplicates by ALS meet
targeted values.
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 and
Newfoundland
properties, geological, and geometrical analyses of the properties and comparisons of the
properties to known epithermal gold deposits 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.
View original content:
http://www.newswire.ca/en/releases/archive/January2020/16/c3584.html
%SEDAR: 00007505E
For further information:
Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613)
232-0459, Fax: (613) 232-0760, [email protected]
CO: Northern Shield Resources Inc.
CNW 08:30e 16-JAN-20