OTTAWA, Aug. 14, 2019 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
("Shot Rock") in Nova Scotia, and
the Root & Cellar Gold Property ("Root & Cellar") in
Newfoundland; both of which are
being explored for epithermal gold mineralization. Northern Shield
can earn up to an 80% interest in the Shot Rock and 100% in Root
& Cellar.
Shot Rock
Grab sample results from two sample batches
totalling 141 samples from Highway Zones at Shot Rock have been
received. Sixty percent of the samples from these latest batches
returned anomalous gold (>0.025 g/t Au) with 28% over 0.1 g/t Au
and a high of 2.5 g./t Au.
Importantly, field crews have identified numerous outcrops in
the Highway Zone of what the company now believes to represent a
silica cap. These shallowly dipping horizons sometimes have the
appearance of a banded quartz vein but are now interpreted to be
the result of the silicification of lacustrine sediments that are
forming at the same time as the epithermal event. The
identification of such a silica cap is viewed as a significant step
forward in understanding the Shot Rock mineralizing system, as the
main veins, often hosting better mineralization, are typically
located directly beneath the silica cap. Remnants of a silica
cap in outcrop also indicate a high level of exposure and suggests
that the system is largely preserved.
This silica cap carries weakly to moderately enriched gold
values (0.025-0.1 g/t Au) and generally subordinate silver that
relate to leakage through the silica cap. Stockwork veining and
occasional larger veins (usually colloform/crustiform banded) are
locally exposed where the silica cap is eroded and carry higher
gold grades (0.1-5.3 g.t Au) and have higher silver:gold ratios.
Field crews have recently exposed a 5 meter-wide vein consisting of
banded quartz, milky quartz and quartz breccia below the silica cap
outcrops on the western flank of the Highway Zone.
The resistant nature of the silica cap and its shallow dip
explains the spatial coincidence of the epithermal discovery with
the flat top hill on which it is centered. The silica cap covers an
area 250 metres wide and 300 metres long with additional outcrop of
gold bearing stockwork being downslope, a further 300 metres to the
south.
"Thanks to our field crew, we now have a much better grasp of
the epithermal system at Shot Rock; we now know where we are in the
system with greater confidence; we can distinguish the different
components of the system and; we understand the grade variation. We
can now focus in on chasing those gold-bearing components,"
explains Northern Shield President and CEO, Ian Bliss. "The stockwork veining we see, where
the silica cap has been eroded on the flanks of the hill, are the
very tip of the vein system and typically grade between 0.1 to 1
g/t at Shot Rock That's not bad for being so high up in the
system," continues Mr. Bliss.
A drill program to test the system directly below the silica cap
and the down dip extension of the stockwork is being planned for
the fall on completion of the mapping and sampling.
Root & Cellar
Thirteen of forty-two grab samples
collected from a recent reconnaissance of the Drop Zone and
Conquest Zone at the Root & Cellar property returned greater
than 1 g/t Au with a high of 5.3 g/t Au and 113 g/t Ag with a
further sixteen samples assaying between 0.1 and 1 g/t Au. A
property wide soil/till sample program is now underway which will
be followed by a mechanical trenching program. The objective of the
trenching program is to expose the full width of the known gold
occurrences and trace them along strike, guided by the results of
the soil sample program.
The programs are being 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 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 meet targeted values.
|
Root &
Cellar
|
|
|
Shot
Rock
|
|
Au
|
Ag
|
|
|
Au
|
Ag
|
|
|
Au
|
Ag
|
|
|
Au
|
Ag
|
1
|
5.32
|
113
|
|
11
|
1.195
|
9
|
|
1
|
2.56
|
11.5
|
|
11
|
0.55
|
11.4
|
2
|
5.19
|
3.4
|
|
12
|
1.085
|
2
|
|
2
|
2.23
|
6.4
|
|
12
|
0.495
|
0.8
|
3
|
5.08
|
2.6
|
|
13
|
1.03
|
1.4
|
|
3
|
1.535
|
1.8
|
|
13
|
0.453
|
10.4
|
4
|
4.64
|
4.8
|
|
14
|
0.771
|
1.8
|
|
4
|
1.505
|
1.9
|
|
14
|
0.45
|
12.8
|
5
|
4.16
|
29.3
|
|
15
|
0.753
|
0.8
|
|
5
|
1.395
|
10
|
|
15
|
0.412
|
5.4
|
6
|
2.77
|
45.4
|
|
16
|
0.691
|
3.8
|
|
6
|
1.28
|
2.7
|
|
16
|
0.391
|
3.5
|
7
|
2.74
|
2.4
|
|
17
|
0.601
|
2.5
|
|
7
|
1.28
|
2.6
|
|
17
|
0.36
|
2
|
8
|
1.9
|
3.7
|
|
18
|
0.589
|
1.2
|
|
8
|
1.165
|
19.3
|
|
18
|
0.288
|
6.5
|
9
|
1.805
|
2.1
|
|
19
|
0.508
|
8
|
|
9
|
0.666
|
2
|
|
19
|
0.254
|
2.6
|
10
|
1.205
|
26.9
|
|
20
|
0.463
|
3.6
|
|
10
|
0.623
|
<0.5
|
|
20
|
0.249
|
0.8
|
Top twenty Root & Cellar and Shot Rock respective assay
results from current sample batches. (Assays in g/t)
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.