Large Epithermal Quartz Veins Found in Outcrop at Shot Rock, Nova Scotia; Dozens of Large Angular Boulders Suggest Extensive System
Large Epithermal Quartz Veins Found in
Outcrop at Shot Rock, Nova Scotia; Dozens of
Large Angular Boulders Suggest Extensive
System
OTTAWA
,
Nov. 7, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce significant advancements from the Shot Rock
Property (the "Property") in
Nova Scotia
. Shot Rock is being explored for epithermal gold
mineralization through Northern Shield's wholly-owned subsidiary, Seabourne Resources Inc., which
can earn up to an 80% interest in the Property.
Large banded and brecciated quartz veins (CNW Group/Northern Shield Resources Inc.)
Large, well-banded low sulphidation, epithermal quartz veins (Photo A), some up to 45 centimetres
thick, have been found in outcrop (Photo B) within the Highway Zone. The larger veins trend
generally east-west and have a sub-vertical dip. Intensive stockwork veining and breccias (Photo C)
have also been found in outcrop. Dozens of similarly composed (Photos E, F and G) angular
boulders (up to 1 metre) have been uncovered in the area, some exhibiting multiple phases of
veining, stockwork and brecciation (Photo D). These new outcrops are located approximately 350
metres (across strike) from the outcrop of stockwork veining that assayed up to 0.95 g/t Au and is
700-1500 metres (along strike) from much smaller boulders, collected along a nearby stream that
assayed up to 3.3 g/t Au (see Press Release
October 18, 2018
). Further large angular boulders
were found up-slope from the last outcrop suggesting the width of epithermal system could be up to
650 metres.
Also of potential significance is the discovery of quartz veins (Photos H, I, and J) of a different genre
than the ones mentioned above. These quartz veins generally do not exhibit colloform/crustiform
banding but contain brecciated fragments of various hosts rocks with fine pyrite along the contacts
of the fragments, near the margins of the vein itself and sometimes disseminated within the host
rocks. Injection breccias are also noted and consist of fine-grained granitic material injecting into a
rhyolite with fragments of both lithologies often containing disseminated pyrite. Both lithologies are
then cut by pyritic quartz veins. Most of the float samples were collected along or near the upper
reaches of the same creek containing the gold anomalous and gold-bearing colloform and crustiform
banded boulders sampled earlier in the year. Thus, mineralized quartz vein material has been seen
along the entire two kilometre length of this creek.
Assays are pending on all samples. The textures and mineralogy of some of the quartz veins in
outcrop and boulders are consistent with the upper levels of epithermal gold systems, likely well
above the boiling cap. Boiling caps form at the level where rising boiling fluids, which carry the gold,
interreact with cooler near surface water (water table). This results in epithermal quartz veins that
typically show significant and rapid vertical zonation in gold grades from low-grades high in the
system and above the cap to higher grades at and below the boiling level.
"We believe this is a significant development at Shot Rock. We have located some very large veins
and zones of intense stockwork. The size of some of the veins we are now discovering in bedrock is
impressive, especially considering that they appear to represent the very top of an epithermal
system and would typically thicken at depth. The distribution of the outcrops identified to date, the
concentration of locally derived boulders and the variety of quartz vein phases and alteration
indicates that this could be a very large epithermal system," explains Northern Shield President and
CEO,
Ian Bliss
.
For reasons of safety and consideration to the local hunters, field crews have vacated the field at
the commencement of deer hunting season but will return shortly.
The program is 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.
Stockwork and banded quartz veins (CNW Group/Northern Shield Resources Inc.)
Pyritic quartz veins and breccias (CNW Group/Northern Shield Resources Inc.)
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, [email protected]
CO: Northern Shield Resources Inc.
CNW 08:00e 07-NOV-18