Northern Shield Acquires Epithermal Gold Targets in Gaspesie, Quebec
Northern Shield Acquires Epithermal Gold
Targets in Gaspesie, Quebec
OTTAWA
,
Dec. 20, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that it has acquired, through map designation
staking, two new gold projects in the Gaspesie region of
Quebec
. The projects were acquired within
a structural and geological belt that runs from through
Newfoundland
,
Nova Scotia
, and into
Gaspesie,
Quebec
. This same belt hosts the Company's recently discovered epithermal gold system
at Shot Rock,
Nova Scotia
, the Moosehead Gold Project in
Newfoundland
being explored by
Sokaman Iron Corp., and the Hickey's Pond gold occurrence, also in
Newfoundland
. The Company
believes the potential for this belt to host both low and high sulphidation epithermal gold and related
systems is only just being fully realized, providing significant opportunity for new discoveries in these
under-explored regions.
The first claim block is located 50 kilometres south-east of the town of
Rivière-du-Loup
and consists
of 22 claim units totalling 1,232 hectares. The claims cover a known showing which include samples
from a trench with reported assays of 1.1, 2.3 and 99.5 g/t Au. The assays are reported in
provincial assessment report GM 58500 filed in 1999 by the claim owners at the time but have not
been verified by Northern Shield.
The second claim block is located east of the town of
Sainte-Florence
and consist of 37 claim units
totalling 2,120 hectares. The claims cover a portion of a regional structure that is distinctly
anomalous in gold and associated pathfinders Ag, As and Sb based on historic government surficial
sediment samples.
"We believe these new acquisitions in Gaspesie compliment our Shot Rock Property in
Nova Scotia
very well and feed off our growing knowledge of epithermal and related systems within this belt,"
says Northern Shield President and CEO,
Ian Bliss
.
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 Gaspesie
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/December2018/20/c8924.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 08:52e 20-DEC-18