Northern Shield Commences Trenching Program and Prepares for Drilling at Root & Cellar Project, Newfoundland
Northern Shield Commences Trenching
Program and Prepares for Drilling at Root &
Cellar Project, Newfoundland
OTTAWA, ON
,
Aug. 16, 2023
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on exploration at the Root & Cellar Gold-
Tellurium-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-tellurium-silver and porphyry copper mineralization.
Image showing strongly silicified and pyritic basalt subsequently brecciated and veined by a second
phase of quartz and pyrite. Some veinlets show faint colliform-crustiform banding indicative of low
sulphidation epithermal gold systems (CNW Group/Northern Shield Resources Inc.)
Crews are on site with mechanical trenching and trail preparation for a small drilling program
underway. The trenching is testing Induced Polarization (IP) geophysical anomalies in the Conquest
Zone and in areas where abundant boulders containing visible gold have been found. The drilling
program planned for late August or early September will also focus on near-surface mineralization
and IP anomalies in the Conquest Zone. The program, as currently planned, will consist of
approximately 8 drill holes totalling 500 metres. More details on the drilling will be provided upon
commencement of that program.
"We are excited to be moving towards another drilling program at Root & Cellar and early signs
from bedrock exposed from the first few days of trenching and trail preparation are very
encouraging."
Ian Bliss
– President & CEO
This press release has been reviewed by
Christine Vaillancourt
, P. Geo., and the Company's Chief
Geologist.
Northern Shield Resources Inc. is a Canadian-based company, known as a leader in generating
high-quality exploration targets, that views greenfield exploration as an opportunity to discover a
near surface, tier one asset, at relatively low cost. It implements a model driven approach in
exploration to reduce risks associated with early-stage projects for ourselves, our shareholders, and
the environment. An approach that led to the discovery of an alkaline-related gold-silver-tellurium-
porphyry copper system at the Root & Cellar Project in
Newfoundland
.
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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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 16-AUG-23