Second Epithermal System Discovered at Shot Rock Property, Nova Scotia
Second Epithermal System Discovered at Shot
Rock Property, Nova Scotia
OTTAWA
,
April 16, 2019
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on exploration at the Shot Rock Gold
Property (the "Property") in
Nova Scotia
, which is being explored for epithermal gold mineralization.
Northern Shield can earn up to an 80% interest in the Property.
Prospecting has resulted in the discovery of a second epithermal system within the Highway Zone at
Shot Rock. Grab samples from boulders, sub-crop and outcrop have identified textures and
mineralogy consistent with low sulphidation epithermal gold systems including colloform/crustiform
banding, jasperoid and chalcedonic veins, bands and fragments, some of which contain abundant
extremely fine-grained pyrite. The new discovery was made approximately 2.5 kilometres west from
the initial discovery made late last season but within the same structural corridor. Both systems
coincide with N-S trending magnetic features. Cross-cutting WNW trending structures also appear to
play an important role. At several other locations within the Shot Rock property, these structures
host gold anomalous stream sediment samples and will be investigated further.
Prospecting on a variety of targets is on-going where snow and road conditions allow. More
systematic mapping and sampling of the Highway Zone is anticipated to commence in May.
The programs are being 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 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/April2019/16/c3319.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 08:30e 16-APR-19