Northern Shield Completes First Phase of Exploration at Shot Rock Gold Project, Nova Scotia
Northern Shield Completes First Phase of Exploration at Shot Rock Gold Project,
Nova Scotia
OTTAWA, June 26, 2018 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company")
(TSXV: NRN) is pleased to announce the first phase of sediment sampling at the Shot Rock Property,
Nova Scotia (the Property) has been completed with the collection of 197 stream sediment samples and
63 grab rock samples. Samples have been submitted to the lab.
A Colloform banded quartz vein, B Crustiform banded quartz vein, C Brecciated, colloform chalcedonic
quartz with jasper veins (CNW Group/Northern Shield Resources Inc.)
Of interest is the identification of a number of small angular float samples within the Property of vein
material including colloform banded quartz (generally chalcedony), bladed carbonate with some samples
showing quartz pseudomorphing the bladed carbonate and, comb textured quartz with jasper infilling and
brecciated colloform chalcedonic quartz with japer veins (see photo), Such textures and mineralogy are
all very consistent with epithermal gold systems. Overburden is generally thin (< 3 meters) and so it is
assumed the fragments are very local.
"We are encouraged by the continued indications of what appears to be a large and classic epithermal
system," explains Northern Shield President and CEO, Ian Bliss. "Early perceptions suggest that we may
be at the very top of an epithermal system, perhaps just above the boiling cap. In typical epithermal
systems the main gold mineralization is found just below the boiling cap. The boiling cap itself may carry
anomalous gold but is best defined by pathfinder elements such as mercury, arsenic and antinomy."
The objective of the sediment sampling program is to begin to define areas that are anomalous in the
pathfinder elements that often form halos above epithermal deposits. Any such areas will be followed up
with more detailed, soil sampling, rock sampling and mapping and geophysics. Epithermal type gold
mineralization had not been previously recognized in the region therefore the area is virtually un-explored
for this style of deposit.
The program is being overseen by Christine Vaillancourt, P. Geo., the Company's Chief Geologist and a
Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury,
Ontario and in Vancouver, BC, for Au by Fire Assay with ICP-AES finish and base metals by four acid
digestion and ICP-AES. All standards and duplicates by ALS meet targeted values.
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
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 08:15e 26-JUN-18