Northern Shield Updates Exploration at its Shot Rock and Root & Cellar Gold-Silver Projects, in Atlantic Canada
Northern Shield Updates Exploration at its
Shot Rock and Root & Cellar Gold-Silver
Projects, in Atlantic Canada
OTTAWA, ON
,
June 15, 2021
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on the third phase of drilling at its Shot
Rock Gold Project ("Shot Rock") in
Nova Scotia
and progress on the geophysical survey at Root &
Cellar ("Root & Cellar" or the "Property") in
Newfoundland
.
Figure 1: Shot Rock drill-hole location map with traces of third phase drill-holes shown in black line.
Figure 2a-c: Selection of visually prospective ginguro and pyrite banded quartz-adularia veins from
Shot Rock; 2a) 21SR-18, 0.01 g/t Au; 2b) 21SR-21, 0.25 g/t Au; 2c) 21SR-22, 0.57 g/t Au. (CNW
Group/Northern Shield Resources Inc.)
Update on Shot Rock
To date, eight diamond drill holes, 20SR-17 through 20SR-24, have been completed in the Phase 3
drilling program (see Figure 1), totalling just over 3,400 metres. The first four drill-holes were located
at the base of the hill in the Highway Zone and although visually prospective quartz veins were
intersected (Figure 2a), these were only weakly anomalous in gold. The four drill-holes drilled from
the top of the hill intersected abundant crustiform-colloform banded quartz-adularia-pyrite veins
(Figure
2b
-2c) but were only moderately anomalous in gold with a high of 1.8 g/t Au over 0.8 metres
in hole 21SR-21. Twenty-three other samples from these four drill-holes assayed greater than 0.1
g/t Au. A table of assays can be found on the Companies website.
"The complexity of the Highway Zone is proving challenging and I think the next phase of
drilling at Shot Rock will likely focus on the Middle Zone, which appears to be more linear
and where the higher surface grades are found. However, our priority now is to implement
a diamond drill program at Root & Cellar in
Newfoundland
as soon as possible: the ground
IP and resistivity geophysical survey at Root & Cellar is nearly complete and preliminary
results from the field look very promising. The raw results suggest that the Conquest Zone
continues down-dip to the south and along strike to the east. A parallel chargeability
anomaly 200 meters north of Conquest coincides with the location of boulders uncovered
by the prospector which assayed up to 26 g/t Au."
-
Northern Shield President and CEO,
Ian Bliss
Update on Root and Cellar
Approximately three-quarters of the Spectral IP (Induced Polarization) and Resistivity survey has
been completed at Root & Cellar. The survey covers the Conquest Zone and the recently discovered
Windfall Zone. The results will be used to guide drill-testing of these two zones later this summer.
The Company can earn a 100% interest in the Property which is being explored for epithermal gold-
silver mineralization and porphyry copper deposits.
Preliminary review of the raw sections shows several IP targets of interest (Figure 3). This includes
a chargeability anomaly that is observed on six lines for a strike-length of over 500 meters and
coincides with the location of the Conquest trench where channel samples have assayed up to 45 g/t
Au. The eastern end of this linear IP target intersects a broad zone of moderately strong
chargeability at depth on the last line of the grid at may suggest the accumulation of disseminated
sulphides at a geologic contact at this location. Of significance too is a 300 meter long IP anomaly,
located 200 meters north of Conquest, that coincides with multiple strong gold in soil anomalies and
several gold-bearing boulders with up to 26 g/t Au.
The drilling program at Shot Rock was 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.
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.
The geophysical survey program at Root & Cellar was contracted to Clearview Geophysics of
Brampton, Ontario
, and is being overseen by
Joe Mihelcic
, P. Geo. and a qualified person under NI
43-101. This press release has also been reviewed by
Christine Vaillancourt
, P. Geo., the
Company's Chief Geologist.
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 and Root & Cellar
properties in
Atlantic Canada
, 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.
Figure 3: Map showing position of preliminary IP targets at Root & Cellar represented by white
dashed lines and polygons. Background image is of Total Magnetic Intensity draped over shaded
Digital Elevation Model. (yellow circles represent gold anomalous soil samples and red squares,
gold-bearing rock sample. (CNW Group/Northern Shield Resources Inc.)
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 08:30e 15-JUN-21