OTTAWA, Oct. 2, 2019 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce the results of the first phase of till sampling
from the Shot Rock Gold Property ("Shot Rock" or the
"Property") in Nova Scotia which
is being explored for epithermal gold mineralization. Northern
Shield can earn up to an 80% interest in Shot Rock.
The first phase covered the Windmill and Middle Zones, and the
southern portion of the Highway Zone. The sampling was conducted on
a coarse grid with samples collected at 100
m intervals along profiles spaced at approximately 200
meters. Significantly, the results show a gold +/- silver anomalous
trend approximately 1.3 kilometre long that coincides with a N-S
structural and magnetic feature in the Windmill Zone. Very little
prospecting has been undertaken in the area. Several other gold
anomalous areas, that generally follow an ESE trend, have also been
defined by the till sample results. This includes an area south of
the Middle Zone and south of the Highway Zone (Dark Side). Again,
due to relatively poor exposure, very little rock sampling has
occurred in these areas. However, this southern till trend is
supported by strongly gold anomalous stream sediment sample
previously reported (August 8,
2018).
The first phase of the till sampling program was curtailed by
Hurricane Dorian last month hence the Highway Zone and Crystal Hill were not covered. Based on the very
encouraging results, the sampling will resume and follow-up
prospecting will be conducted in the anomalous areas.
"Since we can calibrate the importance of these till assays
based on the results spatially associated with the known
occurrences, the results from this program strongly suggest that
there are more gold-bearing zones to be found" explains Northern
Shield President and CEO, Ian Bliss.
"Specifically, the till results, when combined with geophysics and
mapping, appear to point to a trend, or several trends that
parallel the known occurrences on the south side of the ridge. In
particular, the Dark Side till anomalies, if projected eastward,
coincide with the highest stream sediment anomaly in the entire
property and where the first float samples of gold-bearing
epithermal quartz vein were found in 2018. Although it was these
float samples that ultimately led to the discovery of the Highway
Zone, we have recently concluded that they are likely too far away
from the Highway Zone to have originated there. The till results
help reinforce that there is another zone closer to the
highway."
The program was 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 Shot
Rock 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.