Northern Shield Expands Grand Pabos Gold Property, Quebec, Covering Significant Stream Sediment Gold Anomalies
Northern Shield Expands Grand Pabos Gold
Property, Quebec, Covering Significant Stream
Sediment Gold Anomalies
OTTAWA
,
Jan. 18, 2019
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that it has expanded the Grand Pabos Gold
Property (the "Property") it recently acquired in the Gaspésie region of
Quebec
from 37 to 69
claims. The Property now consists of two claim blocks totalling 3,900 hectares. The Property
includes two historic stream sediment samples identified from the
Quebec
provincial database that
assayed over 100,000 ppb Au.
One claim block covers a 9 kilometre stretch of the Grand Pabos Fault, a very distinct regional scale
structure. This claim block also contains government stream sediment samples that assayed
100,000 ppb Au and 5,393 ppb Au, with an additional three assaying between 100 and 1,000 ppb
Au, and six more assaying between 30 and 100 ppb Au. The Property and anomalies coincide with a
slight bow in the trend of the Grand Pabos Fault. This deflection in the trend could have created a
zone of dilatancy into which mineralizing fluids could have collected. The assays are reported in
Quebec
provincial databases but have not yet been independently verified by Northern Shield.
The second claim block, located approximately 4 kilometres north of the Grand Pabos Fault, also
includes an historic stream sediment sample which assayed over 100,000 ppb Au and an historic drill
hole with up to 14.1 g/t Au over 2.44 metres in overburden. The assessment reports pertaining to
this historic drilling describe large gold grains being observed in the overburden. Many of the gold
grains still had tiny quartz particles attached as well as grains of pyrite and arsenopyrite. The
presence of sulphide grains, which generally weather extremely readily, suggest proximity to source.
The assays are reported in a
Quebec
provincial assessment report and in
Quebec
provincial
databases but have not been verified by Northern Shield.
"Despite the magnitude of these anomalies immediately adjacent to a regional structure and the
nearby presence of visible gold in the overburden, vey little exploration is documented from this
property," explains Northern Shield President and CEO,
Ian Bliss
. "Furthermore, the gold grades in
overburden are such that we must also evaluate the potential that the overburden itself could hold
resources and not just the bedrock."
Significant historic gold anomalous stream sediment samples (red circles) from the Grand Pabos
Property area. (CNW Group/Northern Shield Resources Inc.)
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 Grande Pobos Property,
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 07:00e 18-JAN-19