Northern Shield Identifies Substantial New Gold Target at Root & Cellar; Fieldwork Continues to Uncover New Mineralization
Northern Shield Identifies Substantial New
Gold Target at Root & Cellar; Fieldwork
Continues to Uncover New Mineralization
OTTAWA, ON
,
Aug. 16, 2022
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that the Company has identified substantial new
targets and continues to uncover new mineralization at the Root & Cellar Gold - Copper Project
("Root & Cellar" or the "Project"). 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 and porphyry-copper type mineralization.
Map showing outline and location of the newly identified Conquest East targets with location of
recently uncovered mineralized boulders at sites 1 and 3 and possible sub-cropping mineralization at
site 2 (CNW Group/Northern Shield Resources Inc.)
The two targets are located immediately east of the current Conquest Zone and is identifiable by a
distinct and strong magnetic low. The larger of the two has a strike-length of about 550 meters. The
last line of the IP survey grazes the western edge of the magnetic low and displays a moderately
strong IP chargeability anomaly that coincides with, or. underlies the target. Except for a small
portion of the smaller target, both targets are in a low-lying area and covered by bog. What appears
to be sub-cropping mineralization was uncovered at the western tip of the smaller target coinciding
with a near surface segment of the IP anomaly.
A half dozen other mineralized boulders were located nearby. These are all down-ice from the newly
identified targets. Assays are pending for all samples.
"Fieldwork and thorough integration and analysis of the geological datasets continue to define and
build confidence about the presence of a vast and largely intact epithermal gold system centred on
the Conquest Zone."
-
Ian Bliss
,
Northern Shield President and CEO
This press release was reviewed by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist
and a Qualified Person under National Instrument 43-101.
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.
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 16-AUG-22