Northern Shield Provides Update on Diamond Drilling at Root & Cellar Property, Newfoundland, Visible Gold Noted in Drill- Core
Northern Shield Provides Update on Diamond
Drilling at Root & Cellar Property,
Newfoundland, Visible Gold Noted in Drill-
Core
OTTAWA
, ON
,
Sept. 26, 2023
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide at update on the 500 metre diamond drilling
program at Root & Cellar ("Root & Cellar" or the "Project"). Root & Cellar is located on the
Burin
Peninsula
in southeastern
Newfoundland
. The Company 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 tellurium (Te).
Figure 1. Location map of current and complete drill-holes draped over IP chargeability from 80
meters depth. Figure 2a. Visible gold hosted in quartz blebs and associated with bladed marcasite.
2b. Quartz vein breccia and silica breccia both hosting disseminated pyrite and aggregated pyrite
from drill-hole 23RC-17. 2c Crackle breccia from drill-hole 23RC-16 containing large patches of
aggregated very fine-grained pyrite. (CNW Group/Northern Shield Resources Inc.)
Four drill holes (23RC-15 to 18) totalling 282 metres have been completed or are in-progress; the
holes are located in the southern Conquest Zone (Figure 1). These holes have all intersected
intervals of brecciated silica-quartz-pyrite and/or marcasite (Figure 2a to c) and related alteration
including zones of intensely brecciated and rounded quartz-pyrite-marcasite fragments recemented
by a second phase of silica, pyrite and clay minerals. These breccia zones, termed "oatmeal
breccias" by the Company, have only been observed in drill-holes 23RC-16 and 17 which intersected
the main, north-trending structural feature which correlates well to the principal IP target below a
depth of about 50 metres.
A large aggregate of visible gold was noted in drill hole 23RC-16 (Figure 2a) associated with bladed
marcasite. Visible gold was also noted in a boulder, or broken bedrock, at the top of drill hole 23RC-
18.
"Although we need to wait for assay results, we are very happy with the start of this drilling
program with the intersection of multiple zones of quartz and silica breccias and marcasite-bearing
quartz veins and blebs. Some of these breccia textures and vein styles have not been seen on
surface, yet we see them at a shallow depth in drill core, exemplifying how rapidly the mineralogy
can change as a function of depth."
-
Ian Bliss
,
Northern Shield President and CEO
To date, the Company has completed 2,791 metres of diamond drilling in 18 drill holes (see
Company news releases dated
December 15, 2021
and
February 24, 2022
.
The drilling project along with this news release was overseen by
Christine Vaillancourt
, P. Geo., the
Company's Chief Geologist and a Qualified Person under National Instrument 43-101.
About Northern Shield
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 to discover a
near surface, tier one asset, at relatively low cost. We implement a model driven approach in
exploration to reduce risks associated with early-stage projects for ourselves, our shareholders, and
the environment. This approach is what led to the discovery of an alkaline-related gold-silver-
tellurium and porphyry copper system at the 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.
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 26-SEP-23