Northern Shield Samples 111 g/t Gold in Grab Sample Proximal to New Target at Root & Cellar
Northern Shield Samples 111 g/t Gold in Grab
Sample Proximal to New Target at Root &
Cellar
OTTAWA, ON
,
Sept. 7, 2022
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce that the grab rock samples collected adjacent to a
newly identified geophysical target in the Conquest Zone at Root & Cellar ("Root & Cellar" or the
"Project") have returned anomalous to significant gold grades. 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-silver and porphyry-copper type mineralization.
Location of new gold bearing boulders (red stars) and previously reported high-grade boulders
(yellow star) draped over magnetics and topography. Blue arrow indicates dominant glacial
dispersion trend. (CNW Group/Northern Shield Resources Inc.)
All six of the samples were collected between 40 and
170 m
from the recently identified Eastern
Conquest Target (see Company News Release
August 16, 2022
). The six samples assayed 111.5,
7.5, 2.2, 1.3, 0.94 and 0.71 g/t Au. Nearly all samples contain elevated tellurium. These samples,
along with other boulders containing high-grade gold previously reported (see Company News
Release
December 15, 2021
) and anomalous soil samples, together form a very well-defined
dispersion trend pointing back to this target which is otherwise covered by overburden and bog.
Untested, near surface IP anomalies also exist nearby and could reflect the feeder system to the
Eastern Conquest Target.
"We are very happy with the latest sample results which include the highest gold grades reported
from Root & Cellar to date. The fact that these were collected adjacent to the newly identified
Eastern Conquest Target makes the results even more exciting and work is continuing in this area.
With our growing understanding of the geology and structures we are better able to pinpoint areas
of higher potential for sampling. Once again, prospector and Root & Cellar discoverer,
Jeff
Brushett
, has taken that geological knowledge and converted it into further gold discoveries; the
highest gold grades in the
Burin Peninsula
, as far as we are aware."
-
Ian Bliss
,
Northern Shield President and CEO
The Conquest Zone is being explored for epithermal gold-silver mineralization largely of high-
sulphidation affinity. Mineralization appears to have two components: 1) Flat-lying, east-west
trending "lithocap" type mineralization associated with intensely silica, pyrite and potassium alteration
that has exploited unconformities and other lithological contacts, and 2) sub-vertical, north-south
trending feeder zones. As these are deeper-seated features, their interpretation is largely based on
geophysics but they are seen to outcrop in several location in the Central Conquest Zone where they
are manifest as various pyrite-bearing hydrothermal breccias and quartz veins and typically carry
higher gold grades than the lithocap-type mineralization.
Samples were analyzed by ALS Global in
Vancouver, BC
, for Au by Fire Assay and multi-elements
by four acid digestion and ICP-AES. All standards and duplicates by ALS Global meet targeted
values. This news 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2022/07/c9029.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 08:00e 07-SEP-22