Northern Shield Completes Ground Geophysical Survey at Shot Rock Gold Project, Nova Scotia Prospecting identifies two additional areas of gold mineralization
Northern Shield Completes Ground
Geophysical Survey at Shot Rock Gold
Project, Nova Scotia
Prospecting
identifies two additional areas of gold mineralization
OTTAWA, ON
,
Nov. 19, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSX-V: NRN) is pleased to announce that the controlled-source audiomagnetotellurics
("CSAMT") geophysical survey announced on
October 28
th
has been completed at its Shot Rock
Gold Project ("Shot Rock") in
Nova Scotia
. Prospecting has also located two other areas of
anomalous gold mineralization within the Property. The Company is exploring the Property for low
sulphidation epithermal ("LSE") gold mineralization and currently owns an 80% interest at Shot Rock.
Figure 1: Partial vertical section along one of the CSAMT survey lines showing resistive units in blue-
white and less resistive units in shades of purple. Interpreted sub-vertical quartz vein and/or silicified
structures (resistive) bound by clay alteration (less resistive) are highlighted. Figure 2: Map showing
location of CSAMT target relative to gold-bearing samples. Red-pink squares = gold anomalous
surface samples; yellow squares = gold anomalous drill-hole samples, projected to surface. In
(CNW Group/Northern Shield Resources Inc.)
Six lines at 200 meters spacing were completed totalling 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 as well as detect clay alteration
often associated with such deposits.
Processing of the geophysical survey data is still in progress but preliminary interpretation of
inversions show several high-angle, very resistive and deep-seated structures suggestive of strong
silicification and/or quartz veining surrounded by zones of greater conductivity interpreted to be the
result of clay alteration (Figure 1). Such features are characteristic of LSE systems. The most
prominent resistive structure is located on the periphery of the area tested by drilling to date.
Another smaller but distinctly resistive structure is noted approximately 1.4 kilometer southeast of
the main area of interest within the Highway Zone. This target is 50 meters upstream of a train of
gold-bearing quartz cobbles (Figure 2) collected along the creek in 2018 and has been immediately
followed up on the ground to determine if the source of the anomaly outcrops. Ground truthing of the
target area found no exposed outcrop in the vicinity but a large angular quartz vein boulder (inset
Photo) exhibiting bladed texture and sulphides was found nearby.
Further updates will be provided on final processing of the CSAMT data, which is expected shortly
and on assay results from surface sampling.
Prospecting elsewhere within the Shot Rock Property has located two other areas with anomalous
gold (> 0.1 g/t Au) with textures consistent with low sulphidation epithermal gold systems. One is
located approximately 1.2 kilometer east-northeast of the Highway Zone and the other is located 6
kilometres east of that zone. Further exploration is being conducted in these areas.
"We are quite happy with the sneak preview of the CSAMT results and look forward to more
processing. It certainly looks like it will help pin-point drill targets. This type of geophysical
survey has been successfully used for the identification of deep-seated structures
associated with high-grade feeder zones in many other LSE systems. We are also very
encouraged by on-going sampling at Shot Rock, Root & Cellar and Merasheen, and we
look forward to assays from all these projects."
Ian Bliss
– President & CEO
The survey program at Shot Rock was contracted to Clearview Geophysics of
Brampton, Ontario
,
and was overseen by
Joe Mihelcic
, P. Geo. and a qualified person under NI 43-101. This press
release 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 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 Maritime 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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%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 19-NOV-20