Northern Shield Intersects Large Epithermal Veins at Shot Rock Gold Property, Nova Scotia
Northern Shield Intersects Large Epithermal
Veins at Shot Rock Gold Property, Nova
Scotia
OTTAWA, ON
,
July 23, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on the Phase 2 drilling program currently
underway at the Shot Rock Property ("Shot Rock") in
Nova Scotia
based on visual observations of
drill core. Shot Rock is being explored for low-sulphidation epithermal (LSE) gold. Northern Shield
can earn an 80% interest in Shot Rock Property.
(CNW Group/Northern Shield Resources Inc.)
To date, approximately 700 metres of the planned 2,500 to 3,000 metre Phase 2 diamond drilling
program has been completed at the Highway Zone, with the third hole still in progress at the time of
writing.
Of significance, the third drill hole of the second phase of drilling, drill hole 20SR-11, intersected
significant widths of veining between a down-hole depth of 162 to
177 m
(Figure 1a). This intercept
consists of small-scale crustiform-colloform banded stockwork veins composed of quartz-chalcedony
and jasperoid from 162 to 166 metres. This was followed by three metres of a silicified breccia zone
with small-medium sized crustiform-colloform quartz-chalcedony veins with dark grey rims. The last
eight metres, from
169 m
to
177 m
, consisted almost entirely of brecciated colloform-crustiform
banded quartz veins (Figure
1b
and 1c) containing quartz, chalcedony, hematite, jasperoid, adularia,
pyrite and an unidentified silver-coloured mineral. True width of the vein system is not known at this
time.
The first drill hole of this second round of Shot Rock drilling, 20SR-09, targeted the continuity of
gold-bearing stockwork observed at surface but did not hit significant veining or mineralization. Drill
hole 20SR-10 was positioned to intersect the same structure that hosts the high-grade gold
mineralization reported from 20SR-04 from the first phase of drilling (see press release
February 28,
2020
) but approximately
75 m
deeper. Several intervals of stockwork and disseminated sulphides
were observed over intervals 85-
89 m
, 142-
148 m
and 164-174 metres. The latter is at the
projected intercept depth of the targeted structure. Some of the veins contain adularia and sulphides
and are similar to those observed near the gold mineralization in drill hole 20SR-04.
A drill hole plan map (Figure 2a) accompanying this release shows the collar locations and drill hole
traces for holes completed to date. Pictures showing representative sections of core from some of
the above-mentioned intervals are also appended to this news release.
"We are very pleased with the visual observations to date from the second phase of drilling
program at Shot Rock, especially drill-hole 20SR-11, which is on-going. The significant
increase in vein density compared to the other nearby drill-holes is impressive and suggest
we are vectoring in the right direction. The observed presence of the mineral adularia in the
last two holes is also a good sign, as on-going research being conducted at
St Mary's
University in Halifax
, from samples from the Phase 1 drilling program, shows a good
correlation between gold (electrum) and adularia."
-
Northern Shield President and CEO,
Ian Bliss
The drilling program is contracted to Logan Drilling Group based in
Stewiacke, Nova Scotia
, and is
overseen by
Christine Vaillancourt
, P. Geo., the Company's Chief Geologist and a Qualified Person
under National Instrument 43-101.
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 programs using a model driven approach. Seabourne Resources
Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related
deposits in
Atlantic Canada
.
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 Shot Rock property in
Nova
Scotia
, 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.
(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 09:00e 23-JUL-20