Northern Shield Identifies Epithermal Vein System in Bedrock at the Shot Rock Property, Nova Scotia
Northern Shield Identifies Epithermal Vein
System in Bedrock at the Shot Rock Property,
Nova Scotia
OTTAWA
,
Sept. 20, 2018
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that it has identified epithermal quartz veining in
bedrock at the Shot Rock Gold Property (the "Property") in
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.
To date, five outcrops over an area measuring approximately 100 x 35 metres have been discovered
hosting various styles of epithermal quartz veining. This includes stockwork of thin, but strongly
colloform banded, cross-cutting quartz veins brecciated quartz-chalcedony-jasper and larger
colloform banded veins. The discovery suggests that the numerous banded quartz boulders found
nearby, some of which are gold-bearing, have a local source. Sheeted quartz veins have also been
found intruding quartz pebble conglomerate in the vicinity of the altered structural zone at the
western end of the area of interest
Numerous other angular and well banded boulders have been found in the area with some containing
fine sulphides and common dark grey bands The area includes several highly anomalous stream
sediment samples (up to 1,045 ppb Au) whose follow-up lead to the discovery of numerous gold
anomalous boulders (up to 1.0 g/t Au) consisting of colloform and crustiform banded epithermal
quartz veins, a distinctly altered structural zone, and now the discovery of epithermal veining in
bedrock. (please see
northern-shield.com
)
"We are very pleased that the persistence and methodical approach of our geologists and
prospector is paying off. We have taken a 180 square kilometre property, with very little historical
background data, and focussed in on at least one area of significant interest, of approximately 4
square kilometres, within a few months," explains Northern Shield President and CEO,
Ian Bliss
.
"This has been our wheelhouse for years when exploring for Ni-Cu-PGEs; a model driven regional
exploration program; and we have successfully translated that to epithermal gold exploration in
Nova
Scotia
."
The textures and mineralogy of the quartz vein material are all generally consistent with the upper
levels of an epithermal gold system, likely above or near, the boiling cap. Boiling caps form at the
level where rising boiling fluids, which carry the gold, interreact with cooler near surface water (i.e.,
the water table). This results in epithermal quartz veins that typically show significant and rapid
vertical zonation in gold grades from relatively low-grades above the cap to higher grades at, and
below, the cap.
The soil, rock and stream sediment samples have been shipped to the laboratory for analysis.
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 will be
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/September2018/20/c1661.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 08:30e 20-SEP-18