Northern Shield Continues to Expand Gold- Bearing Epithermal Quartz System at Shot
Northern Shield Continues to Expand Gold-
Bearing Epithermal Quartz System at Shot
Rock, Nova Scotia
OTTAWA
,
Nov. 27, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce results from on-going exploration at the Shot Rock
Property (the "Property") in
Nova Scotia
. These results show the continued identification of gold-
anomalous to gold-bearing quartz veins in outcrop and boulders, and the significant expansion of the
area hosting the epithermal system. Shot Rock is being explored for low sulphidation epithermal gold
mineralization through Northern Shield's wholly-owned subsidiary, Seabourne Resources Inc., which
can earn up to an 80% interest in the Property.
Twenty-four of the 42 samples of quartz vein material recently submitted for analysis returned
anomalous gold (>0.025 g/t Au). The highest assay of 2.5 g/t Au and 17.0 g/t Ag came from a large
angular boulder composed of stockwork quartz veining hosted within a rhyolitic rock that also
contains disseminated pyrite. Importantly, one of the larger banded quartz veins previously found in
outcrop at the Property by Northern Shield (see press release dated
November 7, 2018
) assayed
0.47 g/t Au. A full list of assays from the Highway Zone are provided on the Company's website.
The textures and mineralogy of the quartz veins in outcrop and boulders from the Property are
believed by Northern Shield to be consistent with the upper levels of epithermal gold systems, likely
above the boiling cap. In typical epithermal systems, only modestly anomalous gold is expected to
be seen above the boiling cap. If higher grades exist, they are usually found below, or at the level of
the boiling cap.
In addition to the results from the above-mentioned samples, further prospecting and sampling has
been undertaken. These samples are being submitted for analysis and assays are pending. This
sampling has considerably expanded the footprint of the low sulphidation epithermal systems at the
Highway Zone. The core area, where large-scale quartz veins and zones of intense stockwork have
been found in outcrop, has been increased from 350 metres across to approximately 550 metres. In
addition, numerous large angular boulders up to 1.5 metres in diameter consisting of
crustiform/colloform banded quartz veins and stockwork veining, have been identified up-ice and up-
hill from these outcrops which could further expand the cross-section vein system by 650 metres to
the north. Outcrops and boulders with banded and crystalline quartz veins have also been identified
1,900 metres and 1,600 metres east and west respectively, along strike from this core area.
"We are very happy with the progress at Shot Rock. Although at an early stage, we continue to
check a lot of critical technical boxes; firstly, the fluids forming these veins are gold-rich as indicated
by the assays; rock textures provide evidence for a prolonged history of hydrothermal activity and
efficient, vigorous boiling and; the numerous cycles of banding each represent a discrete boiling
event. All these criteria are prerequisite to "grow" large and productive epithermal systems", explains
Northern Shield President and CEO,
Ian Bliss
. "Furthermore, we keep expanding the footprint of this
system by finding new areas of quartz veining and mineralization. We look forward to continuing to
advance our exploration of the Property over winter."
The programs are being overseen by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist
and a Qualified Person under National Instrument 43-101. Samples from the program will be
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 Global 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 in
Nevada
and elsewhere, 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.
View original content:
http://www.newswire.ca/en/releases/archive/November2018/27/c7271.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 27-NOV-18