Northern Shield Provides Update to Gold- Bearing Epithermal Quartz System at Shot
Northern Shield Provides Update to Gold-
Bearing Epithermal Quartz System at Shot
Rock, Nova Scotia
OTTAWA
,
Jan. 7, 2019
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce results from on-going exploration at the Shot Rock
Property (the "Property") in
Nova Scotia
. These latest results show the continued identification of
gold-anomalous to gold-bearing quartz veins in outcrop and boulders that have expanded the foot-
print of the gold anomalous zone by 650 metres to the northeast. Shot Rock is being explored for
low sulphidation epithermal gold mineralization through Northern Shield's wholly-owned subsidiary,
Seabourne Resources Inc., which can earn up to an 80% interest in the Property.
Fifteen of the 70 samples of quartz vein material recently submitted for analysis returned anomalous
gold (>0.025 g/t Au). Gold anomalous samples were identified in three of the four areas targeted
within the Highway Zone. The highest assay of 1.03 g/t Au and 5.0 g/t Ag came from a large angular
boulder composed of vuggy quartz veins hosting minor hematite and possible jarosite (formed from
the oxidation of iron sulphides). The core area of gold-anomalous to gold-bearing quartz veins in
outcrop and boulders now measures about 900 x 2,000 metres, with other satellite occurrences
located approximately 600 metres north and up to 2,500 metres west of the core area.
On-going and preliminary interpretation of the data and geology suggests that the eastern portion of
the Highway Zone may be capped by the remnants of rock units that have been thrust on top of the
epithermal system along a low angle thrust fault. This thrust block would have protected the
epithermal system from erosion, which could explain why the epithermal gold system largely appears
to be intact at Shot Rock.
Compilation of all data also continues to highlight how distinctly anomalous the Highway Zone is in
many of the pathfinder elements often associated with low sulphidation epithermal gold systems.
Zonation at the Highway Zone shows a classic outer halo of Hg enrichment with progressively higher
Ba and As inward and, finally, a core of Sb, Mo and K enrichment associated more tightly with the
Ag-Au mineralization. (see maps at
northern-shield.com
)
A high resolution airborne magnetic survey is currently being planned for the Highway Zone at Shot
Rock along with further ground exploration. The airborne survey is anticipated to commence in
February but this timeline could change due to factors outside of the Company's control.
The textures and mineralogy of the quartz veins in outcrop and boulders from the Property are
believed by Northern Shield to be consistent with the upper levels of epithermal gold systems, likely
above the boiling cap. In typical epithermal systems, only modestly anomalous gold is expected to
be seen above the boiling cap. If higher grades exist, they are usually found below, or at the level of
the boiling cap.
The exploration programs are being overseen by
Christine Vaillancourt
, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument 43-101. Samples from the
program will be analyzed by ALS Global in
Sudbury, Ontario
and in
Vancouver, BC
, for Au by Fire
Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES. All standards and
duplicates by ALS Global meet targeted values.
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 program for Ni-Cu-PGEs and utilizing expertise and innovation
toward working on other deposit types. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield focussing on epithermal gold and related deposits in
Atlantic Canada
and elsewhere.
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 Nova Scotia properties,
geological, and geometrical analyses of the properties and comparisons of the properties to known
epithermal gold deposits in
Nevada
and elsewhere, 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.
View original content:
http://www.newswire.ca/en/releases/archive/January2019/07/c5073.html
%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 16:30e 07-JAN-19