Northern Shield Expands Shot Rock Gold Property, Acquires Co-Au-Cu IOCG Prospect
Northern Shield Expands Shot Rock Gold Property, Acquires Co-Au-Cu IOCG
Prospect
OTTAWA, May 2, 2018 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company")
(TSXV: NRN) is pleased to announce today that is has expanded the Shot Rock Gold Property ("Shot
Rock" or the "Property") in Nova Scotia which is being explored through wholly-owned subsidiary,
Seabourne Resources Inc. The size of the Property has been increased to approximately 184 square
kilometres. The Company has the right to acquire up to an 80% interest in Shot Rock under an option
deal signed with a local prospector (see press release December 20, 2017).
The Shot Rock Gold Property now covers a 31 kilometre strike-length of unconformable, quartz-pebble
conglomerate and bi-modal volcanic rocks. While outcrop is generally poor in the area, gold has
consistently been panned from streams that transect a certain area of the Property. Prospecting also
resulted in the discovery of quartz-pyrite veins moderately anomalous in gold and epithermal pathfinder
elements including mercury, arsenic and antimony. Such signatures are very similar to known epithermal
gold deposits in Nevada, a style that has only very recently been identified in Nova Scotia and provides
for an exciting new opportunity.
A first phase of community engagement has been successfully undertaken in the Shot Rock area and
exploration will soon be underway on parts of the Property as access roads dry out.
The Company is also pleased to announce that, through Seabourne Resources, it has acquired an Iron-
Oxide-Copper-Gold ("IOCG")-type Co-Cu-Fe-Au property in western Nova Scotia, approximately 100
kilometres west of Shot Rock. The IOCG property currently consists of 3 claim groups totalling 67 square
kilometres. The area hosts sediment samples highly anomalous in cobalt, copper, nickel, lead, zinc and
iron. Several specular hematite veins and chalcopyrite showings occur within the claim groups. These are
all classic indications of IOCG-type deposits. The Cobequid-Chedabucto Fault (CCF), which the property
sits adjacent too, has been highlighted in the past for its potential to host IOCG-type mineralization. The
Company believes that a series of oblique secondary faults associated with the CCF have the highest
potential to host significant mineralization as they form dilatant zones for mineralizing fluids to exploit.
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 at the Company's Nova Scotia
properties, acquisition targets, the Company's capitalization and other goals, objectives, assumptions,
information or statements about future events, 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/May2018/02/c2217.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 16:00e 02-MAY-18