Northern Shield Acquires More Ground at Shot Rock Gold Property, Nova Scotia
Northern Shield Acquires More Ground at Shot
Rock Gold Property, Nova Scotia
OTTAWA
,
Nov. 27, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that it has expanded the size of the Shot Rock
Property (the "Property") by over 40% to 282 square kilometres. The expansion includes 3 new
claims blocks, as well as additions to the main claim block.
The Company has recently announced the discovery of an extensive gold-bearing epithermal gold
system at Shot Rock, the first of its kind in
Nova Scotia
. The new acquisitions are based on a variety
of structural, geochemical or mineralogical information that Northern Shield management believes
could host further low sulphidation epithermal gold systems, similar to that found in the previously
discovered Highway Zone (see news release dated
November 7, 2018
).
"We believe there is potential for further low sulphidation epithermal quartz systems in the district as
well as a target perhaps more akin to Carlin-trend style mineralization based on pathfinders in
streams and regional geology," says Northern Shield President and CEO,
Ian Bliss
.
Results are pending for the latest batch of rock grab samples from the Highway Zone at Shot Rock.
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 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/November2018/27/c8804.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 12:17e 27-NOV-18