Northern Shield Continues to Improve Gold Assays and Discovers Gold in Outcrop, Shot Rock, Nova Scotia
Northern Shield Continues to Improve
Gold Assays and Discovers Gold in
Outcrop, Shot Rock, Nova Scotia
OTTAWA, Oct. 18, 2018 /CNW/ - Northern Shield Resources Inc.
("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
announce that the stockwork-style epithermal quartz veining recently
found in bedrock through grab sampling at the Shot Rock Gold
Property (the "Property") in Nova Scotia assayed 0.96 g/t Au.
Additionally, a newly discovered boulder found approximately 600
metres east of this outcrop assayed 3.3 g/t Au. This is the highest gold
assay from Shot Rock to date and to the Company's knowledge, the
first known occurrence of mineralised epithermal banded quartz veins
in northern Nova Scotia. Shot Rock is being explored through
Northern Shield's wholly-owned subsidiary, Seabourne Resources
Inc., which can earn up to an 80% interest in the Property.
Thirteen other samples from the current batch assayed between 0.1
and 0.6 g/t Au. All of these are within the Highway Zone. The
mineralization appears to be related to a five kilometre-long, east-west
structure that forms a splay off a larger regional structure. The western
end of the structural zone is exposed along a windmill access road on
top of the ridge. While very little epithermal quartz veining has been
noted here, the altered fault zone is marked by sporadic anomalous
gold and strong enrichment in the pathfinder elements associated with
the quartz veins. This could represent the uppermost levels of the fault
system which hosts the quartz veins to the east. The eastern end
coincides with a topographic low and hence this area may represent
the deepest erosional level of the vein system. It is within this
topographic low that the boulders with the highest gold grade have
been found to date. This would be supportive of the model whereby
gold grades in epithermal systems typically increase rapidly at depth
within the vein. The outcrop exhibiting stockwork epithermal veining is
midway between these two end points.
"Textures observed in many of the quartz boulders suggest a
vigorously boiling system and the current erosional levels appear to be
relatively high in the system," explains Northern Shield President and
CEO, Ian Bliss. "If what we are sampling right now is indeed high in
the system, it bodes well to what could be a depth. We believe the
size of the system and textures of the quartz veins are remarkably
similar to what is observed in prolific epithermal gold camps such as
Nevada."
Further stream sediment sample results are pending. Some of these
samples targeted an area 5 kilometres further east that the Company
believes may host a continuation of the same structure as seen in the
Highway Zone.
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 from the program 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 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.
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For further information: Northern Shield Resources Inc., Ian Bliss,
President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760,
CO: Northern Shield Resources Inc.
CNW 08:09e 18-OCT-18