Highest Gold Grades to Date Reported from New Trend at Shot Rock, Nova Scotia
Highest Gold Grades to Date Reported from
New Trend at Shot Rock, Nova Scotia
OTTAWA
,
June 24, 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" or "Shot Rock") in
Nova Scotia
, which is being explored for epithermal gold
mineralization. Northern Shield can earn up to an 80% interest in the Property.
Photo A: Pyrite-rich band from sample assaying 5.3 g/t Au and 22.1 g/ Ag. Photo B and C:
Examples of follow up sampling to Photo A exhibiting dark bands consisting dominantly of Pyrite with
lessor silver-bearing minerals. (CNW Group/Northern Shield Resources Inc.)
Assays from rock sampling of the second low sulphidation system discovered within the Highway
Zone at Shot Rock (see Press Release dated
May 1, 2019
) show a 300 metre long gold-anomalous
trend including assays of 5.3 and 4.9 g/t Au. These are the two highest gold assays reported from
Shot Rock to date. These two samples are composed of brecciated and potassic altered rhyolite
with void fillings of crustiform banded quartz, bands of sulphide and coarser comb-textured quartz.
The sulphide-rich bands are dominantly composed of pyrite though silver minerals are also present.
A photo of one of the gold-bearing samples is provided below (Photo A). A further 24 of 59 samples
from this trend were anomalous in gold (> 0.025 g/t Au). (A list of assays from this subset can be
found on the Company's website.) The two highest rock samples come from float material (local)
with the remainder a mix of sub-crop, float (local) and outcrop. This trend is dominated by
stockwork-style epithermal quartz veining and chalcedonic veins/bands hosted in clay-altered
rhyolite.
A follow-up visit was made to the site of the two samples mentioned above and hand trenching
located another large angular boulder, suggesting local providence, in addition to what appears to be
sub-crop of similar material. Twenty further samples were collected from these sites. Some of these
samples contain significantly more sulphide bands than the two samples reported above (see Photos
B & C). Assays are pending from this batch of samples.
Significantly, a small boulder of crustiform banded quartz vein which assayed 1.2 g/t Au has been
found approximately 5 kilometres east, along strike from the Highway Zone. The sample was
collected in the same general area as several historic gold anomalous stream sediment samples and
a few hundred metres south of the same structure that hosts the Highway Zone.
"I have just returned from a tour of the Highway Zone and the extent of the system and the intensity
of the veining and alteration is really impressive. Although the surface exposure of the mineralized
system is high-level and seemingly above the boiling cap, we are beginning to see leakage of higher
grades which bodes well to what may be encountered at depth," explains Northern Shield President
and CEO,
Ian Bliss
. "The discovery of a float sample of gold-bearing crustiform banded quartz vein 5
kilometres east of the Highway Zone hints that there is yet more to be found at Shot Rock."
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.
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 08:30e 24-JUN-19