OTTAWA, June 26, 2018 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce the first phase of sediment sampling at the
Shot Rock Property, Nova Scotia
(the Property) has been completed with the collection of 197 stream
sediment samples and 63 grab rock samples. Samples have been
submitted to the lab.
Of interest is the identification of a number of small angular
float samples within the Property of vein material including
colloform banded quartz (generally chalcedony), bladed carbonate
with some samples showing quartz pseudomorphing the bladed
carbonate and, comb textured quartz with jasper infilling and
brecciated colloform chalcedonic quartz with japer veins (see
photo), Such textures and mineralogy are all very consistent with
epithermal gold systems. Overburden is generally thin (< 3
meters) and so it is assumed the fragments are very local.
"We are encouraged by the continued indications of what appears
to be a large and classic epithermal system," explains Northern
Shield President and CEO, Ian Bliss.
"Early perceptions suggest that we may be at the very top of an
epithermal system, perhaps just above the boiling cap. In typical
epithermal systems the main gold mineralization is found just below
the boiling cap. The boiling cap itself may carry anomalous gold
but is best defined by pathfinder elements such as mercury, arsenic
and antinomy."
The objective of the sediment sampling program is to begin to
define areas that are anomalous in the pathfinder elements that
often form halos above epithermal deposits. Any such areas will be
followed up with more detailed, soil sampling, rock sampling and
mapping and geophysics. Epithermal type gold mineralization had not
been previously recognized in the region therefore the area is
virtually un-explored for this style of deposit.
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 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.
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.