Exploration Update on Shot Rock and Root & Cellar
Exploration Update on Shot Rock and Root &
Cellar
OTTAWA
,
Aug. 14, 2019
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 ("Shot
Rock") in
Nova Scotia
, and the Root & Cellar Gold Property ("Root & Cellar") in
Newfoundland
; both
of which are being explored for epithermal gold mineralization. Northern Shield can earn up to an
80% interest in the Shot Rock and 100% in Root & Cellar.
Map of the discovery area of the Highway Zone at Shot Rock showing relative position of the newly
identified Silica Cap to zones of quartz veining. Inset: Model cross- section of the discovery area.
(CNW Group/Northern Shield Resources Inc.)
Shot Rock
Grab sample results from two sample batches totalling 141 samples from Highway Zones at Shot
Rock have been received. Sixty percent of the samples from these latest batches returned
anomalous gold (>0.025 g/t Au) with 28% over 0.1 g/t Au and a high of 2.5 g./t Au.
Importantly, field crews have identified numerous outcrops in the Highway Zone of what the
company now believes to represent a silica cap. These shallowly dipping horizons sometimes have
the appearance of a banded quartz vein but are now interpreted to be the result of the silicification of
lacustrine sediments that are forming at the same time as the epithermal event. The identification of
such a silica cap is viewed as a significant step forward in understanding the Shot Rock mineralizing
system, as the main veins, often hosting better mineralization, are typically located directly beneath
the silica cap. Remnants of a silica cap in outcrop also indicate a high level of exposure and
suggests that the system is largely preserved.
This silica cap carries weakly to moderately enriched gold values (0.025-0.1 g/t Au) and generally
subordinate silver that relate to leakage through the silica cap. Stockwork veining and occasional
larger veins (usually colloform/crustiform banded) are locally exposed where the silica cap is eroded
and carry higher gold grades (0.1-5.3 g.t Au) and have higher silver:gold ratios. Field crews have
recently exposed a 5 meter-wide vein consisting of banded quartz, milky quartz and quartz breccia
below the silica cap outcrops on the western flank of the Highway Zone.
The resistant nature of the silica cap and its shallow dip explains the spatial coincidence of the
epithermal discovery with the flat top hill on which it is centered. The silica cap covers an area 250
metres wide and 300 metres long with additional outcrop of gold bearing stockwork being
downslope, a further 300 metres to the south.
"Thanks to our field crew, we now have a much better grasp of the epithermal system at Shot Rock;
we now know where we are in the system with greater confidence; we can distinguish the different
components of the system and; we understand the grade variation. We can now focus in on chasing
those gold-bearing components," explains Northern Shield President and CEO,
Ian Bliss
. "The
stockwork veining we see, where the silica cap has been eroded on the flanks of the hill, are the
very tip of the vein system and typically grade between 0.1 to 1 g/t at Shot Rock That's not bad for
being so high up in the system," continues Mr. Bliss.
A drill program to test the system directly below the silica cap and the down dip extension of the
stockwork is being planned for the fall on completion of the mapping and sampling.
Root & Cellar
Thirteen of forty-two grab samples collected from a recent reconnaissance of the Drop Zone and
Conquest Zone at the Root & Cellar property returned greater than 1 g/t Au with a high of 5.3 g/t Au
and 113 g/t Ag with a further sixteen samples assaying between 0.1 and 1 g/t Au. A property wide
soil/till sample program is now underway which will be followed by a mechanical trenching program.
The objective of the trenching program is to expose the full width of the known gold occurrences and
trace them along strike, guided by the results of the soil sample program.
The programs are being overseen by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist
and a Qualified Person under National Instrument 43-101. Samples 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.
Root & Cellar
Shot Rock
Au
Ag
Au
Ag
Au
Ag
Au
Ag
1
5.32
113
11
1.195
9
1
2.56
11.5
11
0.55
11.4
2
5.19
3.4
12
1.085
2
2
2.23
6.4
12
0.495
0.8
3
5.08
2.6
13
1.03
1.4
3
1.535
1.8
13
0.453
10.4
4
4.64
4.8
14
0.771
1.8
4
1.505
1.9
14
0.45
12.8
5
4.16
29.3
15
0.753
0.8
5
1.395
10
15
0.412
5.4
6
2.77
45.4
16
0.691
3.8
6
1.28
2.7
16
0.391
3.5
7
2.74
2.4
17
0.601
2.5
7
1.28
2.6
17
0.36
2
8
1.9
3.7
18
0.589
1.2
8
1.165
19.3
18
0.288
6.5
9
1.805
2.1
19
0.508
8
9
0.666
2
19
0.254
2.6
10
1.205
26.9
20
0.463
3.6
10
0.623
<0.5
20
0.249
0.8
Top twenty Root & Cellar and Shot Rock respective assay results from current sample batches.
(Assays in g/t)
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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http://www.newswire.ca/en/releases/archive/August2019/14/c6351.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 14-AUG-19