Northern Shield Commences Ground Geophysics at Shot Rock Gold Project, Nova Scotia
Northern Shield Commences Ground
Geophysics at Shot Rock Gold Project, Nova
Scotia
OTTAWA, ON
,
Oct. 28, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSX-V: NRN) is pleased to announce that a controlled-source audiomagnetotellurics
("CSAMT") geophysical survey has commenced at its Shot Rock Gold Project ("Shot Rock") in
Nova
Scotia
. This work was originally scheduled to begin in September but was delayed due to changes in
filing for work exemptions under local COVID-19 policy. The Company is exploring for low
sulphidation epithermal ("LSE") gold mineralization and has the right to earn an 80% interest in the
Shot Rock Property.
"The CSAMT survey will help generate drilling targets through a better understanding of the
geological system at Shot Rock. This type of geological survey has been successfully used at
identifying deep-seated structures associates with high-grade feeder zones in many other LSE
systems. Gold grades within quartz veins can increase significantly over very short distances in
LSE systems and we are eager to get the results of the CSAMT and 3D integration, and see if they
corroborate with our thoughts on the possible location of the high-grade shoots based on
geochemical zonation."
Ian Bliss
– President & CEO
The CSAMT survey is planned on 200 meters spaced lines for a total of about 12 line-kilometres of
survey. CSAMT measures electrical resistivity of rock and is routinely used in exploration for LSE
deposits because data can highlight silicified structural zones prospective for veins. Results from this
geophysical survey will be integrated with thorough ongoing 3D analysis of geochemical,
mineralogical, structural and infrared data collected from all the drill-holes to date, along with other
parameters, to vector drilling towards the boiling zone and higher gold grades. This work is being
completed by third parties. Studies of subtle textures and alteration assemblages from all completed
drill-holes suggests that much of the veining intersected to date has characteristics that are
consistent with being above or on the fringe of the prospective boiling zone where higher gold grades
would be expected. Analysis of assay data alone from the first two phases of drilling continues to
show a strong and prolonged history of epithermal fluid flow at the Highway Zone with multiple
phases of mineralization. The surface and high grade gold mineralization intersected in drill-hole
20SR-04 appears to be in the centre of the system whilst the large veins seen in drill-holes 20SR-
11-12 and 16 with anomalous gold are on the periphery, with other geochemical indications that the
system continues at depth beyond these drill-holes.
The survey program at Shot Rock was contracted to Clearview Geophysics of
Brampton, Ontario
.
This press release and program has been reviewed
Christine Vaillancourt
, P. Geo., 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 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 Shot Rock property in
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.
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http://www.newswire.ca/en/releases/archive/October2020/28/c3203.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 28-OCT-20