Northern Shield Finds More Gold at Shot Rock, Nova Scotia
Northern Shield Finds More Gold at Shot Rock,
Nova Scotia
OTTAWA
,
Aug. 14, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce assay results from rock grab samples that were
collected from the Shot Rock Property, (the "Property") contemporaneously with the stream
sediment sampling disclosed in a news release on
August 8, 2018
. 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.
Significantly, the three highest grab samples which assayed 1.0, 1.0 and 0.6 g/t Au and 11.0, 3.2
and 5.1 g/t Ag, respectively, are all float samples of colloform-banded quartz veins, collected along
a stream as follow up to anomalous rock grab samples previously disclosed in a news release dated
July 24, 2018
. These three samples also contain elevated barium and elevated but sporadic arsenic
and antimony, all of which are typical pathfinder elements in this environment.
These three samples were collected along a stream bed that also contained a stream sediment
sample that assayed 1,045 ppb Au (1.05 g/t Au). Another sediment sample from a neighbouring
stream 650 metres away assayed 679 ppb Au (0.68 g/t Au). It is important to note that the stream
sediment samples have not been manually concentrated. Collectively, the grades of gold in the
stream sediment samples, their distribution and the graded zonation of barium and gold along the
stream, are strongly suggestive of a local bedrock source. Three other streams which contain
anomalous gold in sediments (up to 1,015 ppb Au), are located to the west and drain the same
geological feature, suggesting a 4.5 kilometre strike length. (see updated presentation on website.)
"We are consistently improving on the gold content of rock samples every time we return to Shot
Rock," points out Northern Shield President and CEO,
Ian Bliss
. "We are very happy with the
progress to date that required a methodical approach due to the size of the Property and limited
data. We acquired this project based on the identification of panned gold at a certain stratigraphic
level and some "out of the box thinking" by a prospector. Early on, we detected an epithermal
signature in the area at the same time as the geologists from the Department of Natural Resources,
Nova Scotia
were drawing similar conclusions about an occurrence 80 kilometres west. We have
now clearly identified classic, epithermal textured quartz veins, and they are gold bearing. We now
need to find the bedrock source of these float samples. The next phases of exploration will move
toward developing drilling targets and I am excited about the grades we could encounter at depth
from a future drilling program."
The textures and mineralogy of the quartz vein material are all very consistent with the upper levels
of epithermal gold systems, likely above the boiling cap. Boiling caps form at the level where rising
boiling fluids, which carry the gold, interreact with cooler near surface water (water table). This
results in epithermal quartz veins that typically show significant and rapid vertical zonation in gold
grades from low-grades above the cap to higher grades below.
The next phase of exploration will include stream sediment and rock sampling on the northern flanks
of the area of interest to cut off the source of the gold in the streams contemporaneous with manual
and mechanical trenching in proximity to where the auriferous float samples are most abundant.
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 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, 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/August2018/14/c7749.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 08:15e 14-AUG-18