OTTAWA, Jan. 18, 2019 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that it has expanded the Grand Pabos Gold
Property (the "Property") it recently acquired in the Gaspésie
region of Quebec from 37 to 69
claims. The Property now consists of two claim blocks totalling
3,900 hectares. The Property includes two historic stream sediment
samples identified from the Quebec
provincial database that assayed over 100,000 ppb Au.
One claim block covers a 9 kilometre stretch of the Grand Pabos
Fault, a very distinct regional scale structure. This claim block
also contains government stream sediment samples that assayed
100,000 ppb Au and 5,393 ppb Au, with an additional three assaying
between 100 and 1,000 ppb Au, and six more assaying between 30 and
100 ppb Au. The Property and anomalies coincide with a slight bow
in the trend of the Grand Pabos Fault. This deflection in the trend
could have created a zone of dilatancy into which mineralizing
fluids could have collected. The assays are reported in
Quebec provincial databases but
have not yet been independently verified by Northern Shield.
The second claim block, located approximately 4 kilometres north
of the Grand Pabos Fault, also includes an historic stream sediment
sample which assayed over 100,000 ppb Au and an historic drill hole
with up to 14.1 g/t Au over 2.44 metres in overburden. The
assessment reports pertaining to this historic drilling describe
large gold grains being observed in the overburden. Many of the
gold grains still had tiny quartz particles attached as well as
grains of pyrite and arsenopyrite. The presence of sulphide grains,
which generally weather extremely readily, suggest proximity to
source. The assays are reported in a Quebec provincial assessment report and in
Quebec provincial databases but
have not been verified by Northern Shield.
"Despite the magnitude of these anomalies immediately adjacent
to a regional structure and the nearby presence of visible gold in
the overburden, vey little exploration is documented from this
property," explains Northern Shield President and CEO, Ian Bliss. "Furthermore, the gold grades in
overburden are such that we must also evaluate the potential that
the overburden itself could hold resources and not just the
bedrock."
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 Grande
Pobos Property, 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.