OTTAWA, Sept. 6, 2018 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that a focussed exploration program is underway
at the Shot Rock Gold Property (the "Property") in Nova Scotia as a follow-up to the previous
rock sampling program that identified gold-bearing (0.6-1.0 g/t Au)
boulders collected along a stream in proximity to a highly
anomalous stream sediment sample (1,045 ppb Au). See news release
dated August 14, 2018. Shot Rock is
being explored through Northern Shield's wholly-owned subsidiary,
Seabourne Resources Inc., which can earn up to an 80% interest in
the Property.
The purpose of the current program is to:
- conduct stream sediment and rock sampling on the northern
flanks of the area of interest to cut off, or extend, the source of
the gold in stream sediment samples to the north of the Highway
Zone;
- conduct soil sampling and manual trenching east of the stream
containing one of the highly anomalous stream sediment samples and
the gold anomalous boulders found to date;
- prospect the vicinity of the other highly gold anomalous stream
sediment samples; and,
- sample and map a strongly altered structural zone identified
nearby, that previous sampling has shown to be highly anomalous in
pathfinder elements. This structural zone is exposed near the top
of a ridge above gold anomalous stream sediment samples. Initial
interpretation suggests this feature may represent the very upper
levels of a fault zone that could be the source for the gold
anomalous stream and rock samples found below the ridge to the
south and along strike to the east, in areas of poor outcrop.
The Company is pleased to report that within a few days of
commencing the program, angular to sub-angular boulders of
epithermal quartz vein material have been found in the vicinity of
the 1,015 ppb Au stream sediment sample. A relatively large angular
boulder consisting of colloform banded quartz with thick jasper
bands on the vein margin has also been found along a topographic
and magnetic lineament 200 metres east of the stream where the
initial gold-bearing boulders were found. Photos of several of
these samples are available on the Company's website. The samples
will be sent for analysis at the end of the program.
The program is 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, 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.