Northern Shield Identifies New Area of Mineralization at Root & Cellar Gold-Copper- Tellurium Project, Newfoundland
Northern Shield Identifies New Area of
Mineralization at Root & Cellar Gold-Copper-
Tellurium Project, Newfoundland
OTTAWA, ON
,
June 27, 2023
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that it has identified what it interprets to be sub-
crop of a silicified and pyritic unit that resembles the three boulders containing visible gold ("VG"),
previously found at the Root & Cellar Gold-Copper Project ("Root & Cellar" or the "Project" or the
"Property"). Root & Cellar is located on the
Burin Peninsula
in southeastern
Newfoundland
. Northern
Shield can earn up to a 100% interest in the Project, which is being explored for epithermal gold-
silver and porphyry-copper type mineralization, both associated with highly anomalous tellurium (Te).
Figure 2 (CNW Group/Northern Shield Resources Inc.)
The new mineralization believed to be sub-crop is located approximately 100 metres up-ice from the
three VG-bearing boulders and at the intersection of north-south trending structures and the contact
of an east-west trending magnetic unit (Figure 1). The rocks show strong silicification and pyritization
subsequently brecciated and cut by a later stage of pyrite-bearing (Figure 2) vuggy quartz veins.
Recent work has also revealed and pinpointed several more north-trending structures throughout the
Property, but a higher concentration of these structures is noted passing through the central portion
of the Conquest Zone.
"This new area will be targeted by further trenching and a shallow-hole drilling program that is
currently being planned to test an IP chargeability anomaly that largely sits at, or very near
surface. In this area, the magnetic unit appears to have trapped and focussed the flow of the gold-
bearing fluids along the contact."
-
Ian Bliss
,
Northern Shield President and CEO
About 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. An opportunity to find
a Tier 1 asset, near surface, and at relatively low cost. It implements a model driven approach in
exploration to reduce any risk associated with early-stage projects for ourselves, our shareholders,
and the environment. It is this approach that led to the discovery of an alkaline driven gold-silver-
tellurium-porphyry copper system at its Root & Cellar Project in
Newfoundland
.
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 Root & Cellar Property ,
geological, geophysical 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.
998903 (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 27-JUN-23