Northern Shield Commences Drilling at Root & Cellar Gold Property, Newfoundland
Northern Shield Commences Drilling at Root &
Cellar Gold Property, Newfoundland
OTTAWA, ON
,
Oct. 5, 2021
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that drilling has commenced at its Root & Cellar
Gold-Silver-Copper Project ("Root & Cellar" or the "Project") located on the
Burin Peninsula
in
southeastern
Newfoundland
. The Company can earn a 100% interest in the Property, which is being
explored for epithermal gold-silver mineralization and porphyry copper deposits. The Property now
covers over 300 square kilometres.
The program calls for a minimum of 2,000 metres of diamond drilling, which will be distributed over
10-12 drill holes selected for the first phase of drilling at Root & Cellar. Other than three historic drill-
holes totalling 100 meters located five kilometres to the northeast, there is no record of previous
drilling at Root & Cellar. In total, permits have been received for 50 drill holes to allow for flexibility
during the program and further phases of drilling.
The principal focus of the drilling program is the Conquest Zone ("Conquest"), where gold has been
discovered in outcrop and sub-crop over an area measuring 500 x 700 metres with grades up to 48
g/t Au (see Company press release
May 21, 2019
). The main mineralized trend at Conquest
correlates with an IP chargeability anomaly that extends over 1,100 metres. The first drill hole will
test a broad and moderately strong IP anomaly at the western end of this trend, that correlates with
extremely resistive rocks (likely the result of silicification). Drilling will then progress eastward along
Conquest before testing targets to the north, including the Windfall Zone where up to 17 g/t Au and
53 g/t Ag have been reported (see Company press release
January 13, 2021
). Based on geology,
alteration, geochemistry and geophysics, Conquest is interpreted to represent the upper levels of a
large high sulphidation gold system.
"The very first drilling program on any property or target is always exciting and that's certainly how
we feel about Root & Cellar. The discovery of further gold and copper mineralization during
ground-truthing of several of the IP anomalies over the summer further heightens our confidence
going into the drilling program."
Ian Bliss
– President & CEO
This drilling program will be overseen by
Christine Vaillancourt
, P. Geo. and the Company's Chief
Geologist.
Northern Shield Resources Inc. is a Canadian-based company with experience in many geological
terranes and focused on generating high-quality exploration programs. It is known as a leader in
executing grass roots exploration programs using a model driven approach. Seabourne Resources
Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related
deposits in
Atlantic Canada
.
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.
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http://www.newswire.ca/en/releases/archive/October2021/05/c3182.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 08:00e 05-OCT-21