Shot Rock Phase I Drilling to Resume Post Pause Geophysics Points Toward System Continuing to Depth
Shot Rock Phase I Drilling to Resume Post
Pause
Geophysics Points Toward System Continuing to Depth
OTTAWA
,
March 23, 2020
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to provide an update on the inaugural drilling program at the
Shot Rock Property ("Shot Rock") in
Nova Scotia, Canada
. Shot Rock is being explored for low
sulphidation epithermal (LSE) type gold.
Image A-C: Depth Slices from airborne magnetic survey from surface to -30o meters showing
magnetite destruction interpreted to be the resulted from epithermal alteration processes and
veining. (CNW Group/Northern Shield Resources Inc.)
To date, eight drill-holes totalling approximately 2,189 metres of the planned 2,000 to 2,500 metre
diamond drilling program have been completed at the Highway Zone. Drilling has focussed on areas
of near surface alteration and veining. In light of the global COVID-19 pandemic, management felt
that it was prudent to allow contractors to return home to be with their families during the COVID-19
pandemic, while travel conditions still allowed. Further drilling is planned subsequent to the receipt of
assays.
"While we are encouraged by the early visual observations of our Phase I drill program at Shot
Rock, management is focused on the safety and security of its personnel during this unusual
period. This pause will also allow our team to incorporate future assays in our attempt to vector
into a potential discovery. Drilling will resume when it has been deemed safe to do so."
-
Ian Bliss
, President & CEO
Much of the alteration and veining intersected in the first phase of drilling is hosted in a series of
gabbro dykes. The epithermal fluids appear to be exploiting the same structural weaknesses as the
dykes which are easily fractured and infiltrated by the fluids due to their brittle nature. During the
alteration process, magnetite is converted to hematite and other non-magnetic minerals causing the
altered dykes to have a markedly lower magnetic signature than their unaltered counterparts. Such
magnetite destruction processes are commonly seen in low sulphidation epithermal systems. Drilling
will resume when deemed appropriate and will focus in on continuing to follow areas of alteration
and veining to depth.
Modelling of the previously completed high-resolution airborne survey data shows progressive
magnetite destruction to depths beyond 300 meters, in several areas immediately north and east of
drill-holes 20SR-02, 04 and 05 (see press release
February 28
th
). These areas could represent the
down-dip continuation of the alteration and stockwork that were intersected in the above-mentioned
drill-holes.
Drill-hole 20SR-06 was dominated by two intervals of generally highly potassic altered gabbro dykes
(and lesser ultramafic dykes) hosted in propylitic altered siltstones with sections of brecciation and
silica altered siltstones . Drill-hole 20SR-07 appears to have undercut the surface mineralization it
targeted and the last hole 20SR-08, intersected strongly altered gabbro dykes with local colloform
banded veins until the hole was abandoned due to technical difficulties.
Approximately 883 assays are pending from the drill-program.
An update on Root & Cellar will be provided shortly.
The drilling program is 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.
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 Shot Rock property in
Nova
Scotia
, 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.
Image D: Section through 3D magnetic inversion model showing rock of relatively high magnetic
susceptibility in purple. View looking east. (CNW Group/Northern Shield Resources Inc.)
Image E: Inset of 3D magnetic inversion model showing the V-shaped “notch” of presumed
demagnetized dyke interpreted as the result of alteration commonly associated with low sulphidation
epithermal systems. (CNW Group/Northern Shield Resources Inc.)
SOURCE
Northern Shield Resources Inc.
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http://www.newswire.ca/en/releases/archive/March2020/23/c3327.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 23-MAR-20