Northern Shield Commences Phase 2 Drilling at Shot Rock Gold Property in Nova Scotia
Northern Shield Commences Phase 2 Drilling
at Shot Rock Gold Property in Nova Scotia
OTTAWA, ON
,
July 9, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that crews and a drill rig have been mobilized for
the second phase of drilling at the Shot Rock Property ("Shot Rock") in
Nova Scotia
. Shot Rock is
being explored for low sulphidation epithermal (LSE) gold mineralization. Northern Shield can earn up
to an 80% interest in Shot Rock.
Figure 1. Areas to be targeted in Phase 2 drilling at Shot Rock. (CNW Group/Northern Shield
Resources Inc.)
The phase two diamond drilling program is designed to follow up on the discovery of high-grade gold
mineralization intersected during the maiden drilling program on the Highway Zone at Shot Rock (see
press release dated
April 29, 2020
). The maiden drilling program was highlighted by a 2.45 metre
intersection of 12.6 g/t Au including a 1.0 metre interval of 17.3 g/t Au and 2.4 g/t Ag over 3.15
metres including 22.1 g/t Au over 0.4 metres.
The phase two program will consist of eight to ten drill-holes totalling 2,500 to 3,000 metres. Drilling
will focus on four target components (
see
maps for locations):
1
.
High-grade intersection from Phase 1 (Figure 1)
Phase two drilling will aim at intersecting the structure that hosts the high-grade mineralization at
deeper and shallower levels.
2
.
Zone of Reduced Magnetic Signature (Figure 1 & 2)
Alteration associated with the mineralization is now known to degrade the magnetism of the
hosts rocks. Several drill holes will test an area of reduced magnetic signature that coincides
with structures deemed to be of importance.
3
.
Crystal Hill Magnetic Anomaly (Figure 1)
One hole will test a pocket of lower magnetic signature located between the Highway Zone and
Crystal Hill
.
4
.
Southern-most Stockwork Zone (Figure 1)
One drill-hole will test the southern-most mineralized structure in the Highway Zone. Abundant
mineralized stockwork veining is exposed on the southeast flank of the hill at the Highway Zone.
This zone was targeted in the first phase of drilling but it is now believed that drill-hole undercut
this structure.
"We are eager to get back to Shot Rock and follow up on the high-grade intercepts from the first
phase of drilling. Hitting those grades in the maiden drill program bodes well for phase 2 and
provides confidence that there is a lot more to be found at depth in the Highway and
Crystal Hill
area."
-
Northern Shield President and CEO,
Ian Bliss
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.
Figure 2. 3D Magnetic inversion modeling showing units of high magnetism likely caused by the
gabbro intrusions. The V-shaped notch represent a pocket of lower magnetism interpreted to be
caused by the alteration associated with the epithermal system. (CNW Group/Northern Shield
Resources Inc.)
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 09-JUL-20