OTTAWA, Dec. 20, 2018 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that it has acquired, through map designation
staking, two new gold projects in the Gaspesie region of
Quebec. The projects were acquired
within a structural and geological belt that runs from through
Newfoundland, Nova Scotia, and into Gaspesie, Quebec. This same belt hosts the Company's
recently discovered epithermal gold system at Shot Rock,
Nova Scotia, the Moosehead Gold
Project in Newfoundland being
explored by Sokaman Iron Corp., and the Hickey's Pond gold
occurrence, also in Newfoundland.
The Company believes the potential for this belt to host both low
and high sulphidation epithermal gold and related systems is only
just being fully realized, providing significant opportunity for
new discoveries in these under-explored regions.
The first claim block is located 50 kilometres south-east of the
town of Rivière-du-Loup and consists of 22 claim units
totalling 1,232 hectares. The claims cover a known showing which
include samples from a trench with reported assays of 1.1, 2.3 and
99.5 g/t Au. The assays are reported in provincial assessment
report GM 58500 filed in 1999 by the claim owners at the time but
have not been verified by Northern Shield.
The second claim block is located east of the town of
Sainte-Florence and consist of 37
claim units totalling 2,120 hectares. The claims cover a portion of
a regional structure that is distinctly anomalous in gold and
associated pathfinders Ag, As and Sb based on historic government
surficial sediment samples.
"We believe these new acquisitions in Gaspesie compliment our
Shot Rock Property in Nova Scotia
very well and feed off our growing knowledge of epithermal and
related systems within this belt," says Northern Shield President
and CEO, Ian Bliss.
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 and Gaspesie 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.