Northern Shield Commences Exploration at Root & Cellar Soil sampling program targeting LSE Gold and Copper porphyry systems
Northern Shield Commences Exploration at
Root & Cellar
Soil sampling program targeting LSE Gold and Copper porphyry systems
OTTAWA
,
May 26, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce field exploration has commenced at its Root &
Cellar Property ("Root & Cellar" or "the Property") in
Newfoundland, Canada
. Root & Cellar is being
explored for low-sulphidation epithermal (LSE) type gold and copper porphyry mineralization.
Northern Shield can earn a 100% interest in the Property subject to the terms of an Option
Agreement signed on
May 21, 2019
.
The exploration underway includes the collection of 1,000-1,500 soil samples from a grid measuring
approximately 5.5 x 3.5 kilometres. The program will expand on the pilot-scale soil sampling
program completed last year, which successfully identified gold and silver-tellurium-gold anomalies in
the vicinity of the Conquest and Drop Zone showings respectively. The survey will also include the
Creston
copper showing.
"This phase of exploration at Root & Cellar is designed to bring the project up to being drill
ready by the end of 2020, if conditions allow. Our focus at Root & Cellar is directed to both
epithermal gold and copper porphyry potential. We will use the same methodical and
model-driven approach to exploration here that brought us a successful discovery at Shot
Rock."
-
Ian Bliss
, President & CEO
An intensive mapping and rock sampling program will be conducted at the same time as the soil
sampling, with the objective of delineating the alteration, mineralization and structure associated with
the known occurrences. Abundant boulders and outcrops showing strong epidote alteration and
evidence of acid leaching has been previously noted on the property. Mapping will help determine if
this could represent the outer alteration zone of a copper porphyry system. There is growing
indication that the Drop Zone and Creston Copper Showing are part of an up-lifted block whereby
the top of a copper porphyry system could have been telescoped to the level of the Conquest
epithermal gold showing. The Drop Zone itself may represent an intermediate sulphide vein system
hosting silver-tellurium-gold +/- zinc, lead and molybdenum which are not uncommon in the upper
periphery to copper porphyries.
Details on the Company's up-coming second phase of diamond drilling at Shot Rock will be provided
shortly.
The mapping and soil sampling is being managed and overseen by
Bryan Sparrow
of Eastern Geo
Services a registered professional geologist (PEGNL) and a Qualified Person under National
Instrument 43-101. This press release and program has been reviewed
Christine Vaillancourt
, P.
Geo., and the Company's Chief Geologist.
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 copper porphyries, and other mineralization at the Company's Root &
Cellar and Shot Rock properties in Newfoundland and Nova Scotia, 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/May2020/26/c5689.html
%SEDAR: 00007505E
For further information: Northern Shield Resources Inc.: Ian Bliss, President and CEO, Tel.: (613)
232-0459, [email protected]
CO: Northern Shield Resources Inc.
CNW 08:30e 26-MAY-20