Northern Shield Finds More Visible Gold in Outcrop at Root & Cellar Gold-Silver-Tellurium Project, Newfoundland
Northern Shield Finds More Visible Gold in
Outcrop at Root & Cellar Gold-Silver-Tellurium
Project, Newfoundland
OTTAWA, ON
,
Aug. 13, 2024
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that trenching has uncovered outcrop (Figure 1)
containing visible gold (VG) in the Conquest Zone at the Root & Cellar Property ("Root & Cellar" or
the "Property"), located on the
Burin Peninsula
in southeastern Newfoundland. The Property is being
explored for epithermal gold mineralization and associated porphyry copper systems and includes 5
gold zones over a 6-kilometre strike-length. Tellurium (Te), a critical metal, is associated with four of
the showings and also with some of the copper mineralization.
Visible gold (Figure 2a, b) was found 25 metres west of the Conquest Discovery trench (where
visible gold has previously been identified) and immediately behind the collar of drill hole 23RC-21,
completed last year which also intersected visible gold. Four patches of fine-grained VG were noted
in a single sample (Figure
2b
) from the outcrop in quartz-hematite veinlets (Figure 1) associated with
intense chlorite alteration, coarse pyrite and fine marcasite with the veins cutting a strongly
silicified/brecciated unit with abundant marcasite. Although this new occurrence is proximal to drill
hole 23RC-21, where VG was previously noted, the mineralization styles are different suggesting
multiple mineralization phases. Colloform-crustiform, banded, quartz veins (Figure 3) were also
noted in the outcrop. Assays are pending.
"All datasets, and recent studies, conclude that this area is the upper most portion of an up-flow
zone of an epithermal system, which includes remnant sinter material. Sinters typically form above
or adjacent to epithermal vein deposits. It is unusual to see so much gold at the sinter level of an
epithermal system and its relative abundance here bodes well for what could be found deeper in
the system. A sub-vertical IP chargeability anomaly coinciding with a magnetic low feature,
underlies this area with the geophysics and surface sampling suggesting that this target is just one
"branch" of a much larger epithermal vein system."
-
Ian Bliss
, President and CEO, Northern Shield
Technical information in this news release was reviewed and approved by
Christine Vaillancourt
,
P.Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101.
Webinar:
Join CEO
Ian Bliss
for a live webinar on
Thursday August 15th
for additional context
. He
will be available for live questions.
Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-
quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset,
near surface, and at relatively low cost. We implement a model driven exploration approach to
reduce the risk associated with early-stage projects for ourselves, our shareholders, and the
environment. This approach led us to option the Root & Cellar Property from a
Newfoundland
prospector, who discovered the mineralization, and then its advancement to a large gold-silver-
tellurium system.
Forward-Looking Statements Advisory
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.
Images showing visible gold and epithermal veins found after trenching in the Conquest Zone at Root
& Cellar. (CNW Group/Northern Shield Resources Inc.)
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, [email protected]
CO: Northern Shield Resources Inc.
CNW 08:00e 13-AUG-24