Northern Shield Announces Further Drilling to Commence Shortly at Shot Rock Gold-Silver Property, Nova Scotia
Northern Shield Announces Further Drilling to
Commence Shortly at Shot Rock Gold-Silver
Property, Nova Scotia
OTTAWA, ON
,
Feb. 3, 2021
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that a third phase of drilling is planned to
commence in late February at the Shot Rock Property ("Shot Rock") in
Nova Scotia
. Shot Rock is
being explored for low sulphidation epithermal ("LSE") gold-silver mineralization. Northern Shield
owns an 84% interest in Shot Rock.
Figure 1. Vertical sections along CSAMT survey lines 400E and 600E with some of the principle
resistive features identified (R1, R1A and R2). These features are interpreted to be quartz veining
and/or silicification along fault zones at the core of a large LSE gold-silver system. (CNW
Group/Northern Shield Resources Inc.)
The drilling program will consist of five to seven drillholes totalling 2,500 metres. The diamond drilling
program is designed to test a series of well-defined targets identified from the recently competed
Controlled-Source Audio Magnetotellurics (CSAMT) geophysical survey. These targets are generally
deeper than all previous drilling at Shot Rock. Eleven collar locations were selected for permitting to
provide for flexibility with developing knowledge as the drilling program advances. Permitting has
been received for seven of the eleven collar locations with the remaining four pending approval.
The targets to be tested are deep-seated, very resistive features that the Company believes could
represent quartz veining and/or silicification along fault zones at the core of a large LSE gold-silver
system. Specifically, CSAMT anomalies R1, R1A, and R2 (Figure 1) will be the focus of the drilling
and these features underlie the central portion of the Highway Zone. Much of the gold and silver
mineralization identified on surface at the Highway Zone and in drill-holes is found within the silica
cap above targets R1 and R2. The Company now believes that this mineralization remobilised
towards the surface from R1 and R2 by exploiting weaknesses along dyke contacts.
"We believe that R1 and R2 are the most important components of this LSE system that we have
been looking for since the original discovery of mineralized boulders in streams at Shot Rock.
Importantly, the trend of these features is consistent with that of anomalous gold mineralization and
pathfinder elements found in drill core and of the large gold anomalous quartz veins intersected in
drill-holes 20SR-11, 12 and 16."
Ian Bliss
– President & CEO
Gold and silver mineralization has been found on surface over an area measuring 700 meters by
1700 meters in the Highway Zone. Approximately 1,500 meters further west, the 400 meter long
Middle Zone, hosts grab samples assaying up to 5.3 g/t Au and 22.1 g/t Ag. The first phase of
shallow drilling at the Highway Zone identified the highest grades to date, including at intersection of
12.6 g/t Au over 2.45 metres in drillhole 20SR-04.
The drilling program is contracted to Logan Drilling Group based in
Stewiacke, Nova Scotia
, and will
be 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 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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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 03-FEB-21