Northern Shield Announces Exploration Underway at Root & Cellar Gold Project, Newfoundland
Northern Shield Announces Exploration
Underway at Root & Cellar Gold Project,
Newfoundland
OTTAWA, ON
,
April 20, 2022
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that field exploration work has resumed at the
Root & Cellar Property ("Root & Cellar" or the "Property") located on the
Burin Peninsula
in
southeastern
Newfoundland
. Northern Shield can earn up to a 100% interest in the Root & Cellar
Property which is being explored for epithermal gold and porphyry-copper type mineralization.
The current fieldwork is focussed on prospecting and ground-truthing approximately 30 near-surface
IP anomalies identified from the refined IP model (
see
Company news release dated
February 24,
2022
). Surface rock sampling over two of these near-surface anomalies in 2021 showed a strong
correlation, with grades up to 8.4 g/t Au (
see
Company news release dated
July 27, 2021
). If new
copper-gold mineralization is identified, the locations will be targeted for follow-up mechanical
trenching and channel sampling. These targets include the possible source area for the three high-
grade boulders (20.9, 17.9 and 28.8 g/t Au) discovered while constructing the drill roads (
see
Company news release dated
December 15, 2021
) and have very diagnostic signatures (high gold
to silver ratio) and point back to an area between the Conquest and Windfall zones that has seen
very limited fieldwork.
"We are glad to be back at work on Root & Cellar and I am optimistic that systematic sampling of
these IP targets will provide proof of concept for the existence of a near surface copper-gold
resource at Root & Cellar as prospecting of two of the prominent near surface IP anomalies last
summer proved very successful."
-
Ian Bliss
,
Northern Shield President and CEO
This press release was reviewed by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist
and a Qualified Person under National Instrument 43-101.
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 Root & Cellar Property ,
geological, geophysical 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/April2022/20/c8214.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 08:30e 20-APR-22