Northern Shield Increases Land Position to 420 km² Covering Multiple Porphyry Copper & Epithermal Gold Targets In Newfoundland
Northern Shield Increases Land Position to
420 km² Covering Multiple Porphyry Copper &
Epithermal Gold Targets In Newfoundland
OTTAWA, ON
,
Feb. 27, 2026
/CNW/ - Northern Shield Resources Inc. ("
Northern Shield
" or the
"
Company
") (TSXV: NRN) is pleased to announce that through map staking, option agreements and
property purchase, the Company has increased its land position from 32 km
2
to 420 km
2
pursuant to
definitive agreements entered into with arm's length parties on February 18, 2026 (collectively, the
"
Definitive Agreements
"). The Company's flagship Root & Cellar Gold-Silver-Tellurium-Copper
Property ("
Root
& Cellar
" or the "
Property
"), on the Burin Peninsula in southeastern Newfoundland,
forms the core of the land position. Recent work at Root & Cellar, suggests a large,
diatreme/porphyry-hosted, polymetallic Cu-Au-Ag-Te-Mo zone, which was the impetus for the land
acquisitions in the Avalon Zone of eastern Newfoundland.
The most significant of these new properties is the 212 km
2
Fortune Property (Figure 1) composed
of two property options totalling 65 km
2
, with the remainder having been map staked directly by
Northern Shield. The Fortune Property covers a 40 km trend that is highly prospective for porphyry
copper and epithermal gold systems, and includes multiple indications of such systems including 4
known occurrences:
Stewart:
The Stewart prospect represents the most aerially extensive and continuous zone
of exposed alteration on the Burin Peninsula, reaching widths of up to 850 m and extending
along strike for upwards of 4 km (Figure 2a). It represents an extensive zone of advanced
argillic alteration including pyrophyllite, alunite and vuggy quartz, interpreted to be a lithocap
to a porphyry Cu-Mo-Au system. The lithocap is anomalous in gold, copper and molybdenum
over significant intervals including historical surface trenching results of 0.09 g/t Au over 219
m, (Dyke, B., 2008,) and a drill intercept of 0.13 g/t Au over 111 m (Setterfield, T., 2016,)
along with anomalous Cu and Mo.
Forty Creek:
The Forty Creek intermediate sulphidation quartz vein is along strike from
Stewart and hosts gold and silver tellurides with values up to 59 g/t Au and 2,290 g/t Ag
(Setterfield, T. 2011). (Figure 2b) and grab samples with values to 0.16% Cu and 0.1 g/t Au
in a nearby silicified pyrophyllite alteration zone.
Point Rosie:
Hosts multiple quartz-sericite-pyrite (phyllic) alteration zones consistent with
epithermal and porphyry copper systems over a 4 km strike length. Copper-gold-silver
anomalous quartz veins (Figure 2c) with values up to 0.67 g/t Au and 0.65% Cu (Noel, N.,
2020) have recently been discovered within a 2.5 km gold-in-soil anomaly.
Feeder Brook:
Hosts multiple quartz-sericite-pyrite alteration zones with grab samples
values to 0.9 g/t Au (Dimmell, P., 2003). Nearby till samples collected by the Geological
Survey of Newfoundland and Labrador are anomalous in porphyry copper pathfinder
elements.
Some of the assay certificates for the results mentioned have been reviewed by Northern Shield
while others have not, and Northern Shield is relying on third party assessment reports filed with the
Newfoundland and Labrador government for the values quoted. None of the samples were collected
or assayed by Northern Shield and hence cannot be fully and independently verified by the
Company.
The Company has also acquired 3 claim groups totalling 136 km
2
on the Cape St Mary's Peninsula
across Placentia Bay from Root & Cellar. The primary target is a porphyry copper system similar to
Root & Cellar based on Cu and Mo anomalous till samples reported by the Geological Survey of
Newfoundland and Labrador and description of "malachite-stained quartz stockwork veining" in the
government's mineral occurrence database. Some of the tills are also highly anomalous in nickel and
cobalt and since gabbroic rocks are reported from the area, the claims will also be targeted for
magmatic Ni-Cu-Co sulphides.
"We are very excited about these new land positions. We see growing interest in the porphyry
copper potential of the Burin Peninsula as we uncover more mineralization at the Creston Copper
Target. As such these new properties cement our "first mover status" and allow us to use the
knowledge we have gained from Root & Cellar to our advantage. We haven't just amalgamated a
prospective land position but amalgamated, incentivized, and mobilised some of the most
experienced and tenacious prospectors in the region. They are our first asset and, collectively,
have seen more rocks on the Burin than anybody. I have little doubt that they will have success in
finding new mineralization in the spring."
- Ian Bliss, President and CEO, Northern Shield
Definitive Agreements
Point Rosie/Feeder Brook
Under the Point Rosie/Feeder Brook Option Agreement (the "
Point Rosie Agreement
"), the
Company, through its wholly owned subsidiary, Seabourne Resources Inc. ("
Seabourne
"), acquired
the right to earn up to an undivided 100% interest in Point Rose Property located in Newfoundland.
By its terms, the Company will pay $13,835 in cash and issue 650,000 common shares ("
Common
Shares
") on signing pursuant to the Point Rosie Agreement, and issue up to an aggregate of up to
2,650,000 Common Shares and pay, in aggregate, $153, 835 over a four-year period thereafter.
Stewart/Forty Creek
Under the Stewart Option Agreement (the "
Stewart Agreement
"), the Company, through its wholly
owned subsidiary, Seabourne, acquired the right to earn up to an undivided 100% interest in Stewart
Property located in Newfoundland. By its terms, the Company will pay $6,755 in cash and issue
400,000 Common Shares on signing pursuant to the Stewart Agreement, and issue up to an
aggregate of up to 2,900,000 Common Shares and pay, in aggregate, $146,775 over a four-year
period thereafter.
Kelstone
Under the Kelstone Purchase Agreement (the "
APA
"), the Company, through its wholly owned
subsidiary, Seabourne, acquired two Mining Claims located near Marystown, Newfoundland in
exchange for $1,500 in aggregate cash consideration and the issuance of 400,000 Common Shares
on signing.
There are no yearly expenditure requirements other than those required for assessment purposes to
keep the Mining Claims in good standing. The properties underlying the Definitive Agreements are
subject to a royalty in the amount of 2.0% Net Smelter Returns; provided that the Company shall
have, under each respective Definitive Agreement, the pre-emptive right at any time and from time to
time prior to commencement of commercial production to buy-down the royalty from 2.0% to 1.0%
for $1,500,000.
Closing of transactions underlying the Definitive Agreements are subject to certain customary
conditions, including, without limitation, approval of the TSX Venture Exchange (the "
TSXV
"), and all
of the securities issued under the Definitive Agreements will be subject to a four-month and one-day
statutory hold period in accordance with applicable securities laws.
The scientific and technical information contained in this news release has been reviewed and
approved by Christine Vaillancourt, P. Geo., Northern Shield's Chief Geologist and a "Qualified
Person" within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral
Projects
.
About Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company, a leader in generating high-quality
exploration targets, that views greenfield exploration as an opportunity to find a mineable, near
surface deposit 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 copper mineralization, and then to its advancement to the large gold-silver-tellurium
and porphyry copper system that it has become.
References
Dimmell, P., 2003, First Year Assessment Report, Western Feeder Property.
Dyke, B., 2008. Satellite imagery, property tour, prospecting, rock sampling, lake sediment sampling, stream sediment sampling, soil sediment sampling, mapping, Terrasepec and
trenching, Burin Gold Project. Assessment Report for Cornerstone Resources Inc.,
Noel, N., 2020, 1st Year Assessment Report on License 30828M
Setterfield, T., 2011. Assessment Report Stewart Property, Burin Peninsula, Newfoundland for TerraX Minerals Inc
Setterfield, T., 2016. Analysis of Radar Data, Stewart Property, Burin Peninsula, Newfoundland. Assessment Report for TerraX Minerals Inc
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.
Figure 1. Map showing outlines of Northern Shields Burin Peninsula mineral properties in gold outline
and including those portions under an earn-in option agreement in gold shading. (CNW
Group/Northern Shield Resources Inc.)
2a: Part of the 4-km long alteration zone at Stewart which includes alunite and diaspore. 2b: Silver-
telluride from the Forty Creek Showing. 2c Quartz vein hosting possible tennantite-tetrahedrite from
one of the Point Rosie showings. (CNW Group/Northern Shield Resources Inc.)
Figure 3. Maps showing various anomalous elements from samples previously collected by the
Geological Survey of Newfoundland and Labrador and outlines of Northern Shields 100% owned
mineral properties in the Cape St Mary’s Peninsula. (CNW Group/Northern Shield Resources
Inc.)
SOURCE Northern Shield Resources Inc.
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%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 07:30e 27-FEB-26