Exploration Update, Shot Rock Gold Property, Nova Scotia; Airborne Magnetic Survey to Commence
Exploration Update, Shot Rock Gold Property,
Nova Scotia; Airborne Magnetic Survey to
Commence
OTTAWA
,
Feb. 19, 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.
Black and dark grey "ginguro" bands from recently collected epithermal quartz vein float samples
from Shot Rock. (CNW Group/Northern Shield Resources Inc.)
A high resolution airborne magnetic survey is anticipated to commence this week, weather
permitting. The survey will be flown at 50 metre spaced lines and cover approximately 50 square
kilometres of the Highway Zone. The survey will be completed by Prospectair Geosurveys Inc.
Northern Shield has retained Mr.
Simon Griffiths
as a technical advisor to Northern Shield regarding
gold exploration. Mr. Griffiths is an economic geologist with 28 years of experience in mineral
exploration including as Chief Geologist for Barrick Exploration –
South America
, Chief Geochemist
for Barrick Exploration – Global and various positions over 13 years, with Rio Tinto.
Partial and temporary ablation of the snowpack in certain areas of the Property has allowed for
further samples to be collected by prospector Mr.
Patrick Bellefontaine
. Forty-eight rock samples
have been sent to the laboratory for analysis. Much of these samples are of colloform banded quartz
vein material and breccias and are all consistent with textures from known epithermal gold
occurrences. Some exhibit classic "ginguro" bands containing extremely fine-grained sulphides and
other metallic minerals. Photos of several of these samples are provided below.
Further detailed analysis of mineralogy, geochemistry and fluid inclusions are also underway on
previously collected samples. This work will largely be conducted through
Saint Mary's University in
Halifax
.
"We have always felt it is very important to squeeze as much data and information out of the rocks
as one can, especially in early stage stories. This can provide for reducing risk and vector to the
main mineralization. This is an approach that we have always used in our Ni-Cu-PGE exploration. As
such, we are very much appreciative of the guidance and epithermal gold experience that Mr
Griffiths brings as we continue to advance exploration at Shot Rock," explains Northern Shield
President and CEO,
Ian Bliss
. "These 'desktop' studies are backed up by further grab samples
recently collected by Mr. Bellefontaine when weather and conditions have allowed. Based on field
observations, the textures and mineralogy of many of these samples are very encouraging."
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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%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 08:15e 19-FEB-19