OTTAWA, Feb. 19, 2019 /CNW/ - 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 (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.
A high resolution airborne magnetic survey is anticipated to
commence this week, weather permitting. The survey will be flown at
50 metre spaced lines and cover approximately 50 square kilometres
of the Highway Zone. The survey will be completed by Prospectair
Geosurveys Inc.
Northern Shield has retained Mr. Simon
Griffiths as a technical advisor to Northern Shield
regarding gold exploration. Mr. Griffiths is an economic geologist
with 28 years of experience in mineral exploration including as
Chief Geologist for Barrick Exploration – South America, Chief Geochemist for Barrick
Exploration – Global and various positions over 13 years, with Rio
Tinto.
Partial and temporary ablation of the snowpack in certain areas
of the Property has allowed for further samples to be collected by
prospector Mr. Patrick
Bellefontaine. Forty-eight rock samples have been sent to
the laboratory for analysis. Much of these samples are of colloform
banded quartz vein material and breccias and are all consistent
with textures from known epithermal gold occurrences. Some exhibit
classic "ginguro" bands containing extremely fine-grained sulphides
and other metallic minerals. Photos of several of these samples are
provided below.
Further detailed analysis of mineralogy, geochemistry and fluid
inclusions are also underway on previously collected samples. This
work will largely be conducted through Saint
Mary's University in Halifax.
"We have always felt it is very important to squeeze as much
data and information out of the rocks as one can, especially in
early stage stories. This can provide for reducing risk and vector
to the main mineralization. This is an approach that we have always
used in our Ni-Cu-PGE exploration. As such, we are very much
appreciative of the guidance and epithermal gold experience that Mr
Griffiths brings as we continue to advance exploration at Shot
Rock," explains Northern Shield President and CEO, Ian Bliss. "These 'desktop' studies are backed
up by further grab samples recently collected by Mr. Bellefontaine
when weather and conditions have allowed. Based on field
observations, the textures and mineralogy of many of these samples
are very encouraging."
The 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.