OTTAWA, May 15, 2019 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that the initial phase of a multi-phase
exploration program is underway at the Shot Rock Gold Property (the
"Property") in Nova Scotia, which
is being explored for epithermal gold mineralization. Northern
Shield can earn up to an 80% interest in the Property.
The focus of the first phase will be on mapping and detailed
sampling of the quartz veins and alteration zones. The mapping is
being completed by a geologist well versed in epithermal systems
and guided by prospector Patrick
Bellefontaine, whom continues to discover abundant
epithermal quartz vein material. Subsequent to the last press
release dated May 1, 2019,
significant new outcropping and sub-cropping of crustiform and/or
colloform banded quartz veins have been found. Some of the veins
are over one meter in width (see photo).
Despite being on the ground for only a few days, the mapping
crew are already providing key geological and structural
information that, amongst other things, can be linked to features
in the airborne magnetic survey results. Other similar features
will now be subject to prospecting and sampling. Several hundred
samples are being shipped to the lab for analysis.
"We are glad to be on the ground again with a full exploration
program and I am very happy with the early reports from the field.
It's hard not to be excited when I get calls from the prospector in
the field saying he is tripping over quartz vein material
everywhere", said Northern Shield President and CEO, Ian Bliss. "It certainly appears to be a very
large system and we are now beginning to get a better understanding
of the structural controls."
The exploration programs are being overseen by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101.
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.