OTTAWA, May 1, 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.
Following-up on the discovery of a second low sulphidation
system within the Highway Zone at Shot Rock (see Press Release
dated April 16, 2019), on-going
prospecting has expanded the foot-print of the second system by
about 1 kilometer towards the east along ESE trending structures.
Numerous angular boulders, sub crop and now outcrop have been
identified along and parallel to this structure. Chalcedony and
jasperoid is common but appears to give way to more classic
colliform/crustiform banded quartz veins as one moves eastward in
this zone. The outcrop, discovered yesterday, consist of a dense
network of stockwork-style epithermal quartz veins. The mineralogy
and textures of the rocks observed in this area would suggest the
erosional level is generally very high, likely well above the
boiling cap.
Prospecting back in the discovery area has also located further
large, angular boulders consisting of wide, strongly banded quartz
veins whose locations correspond to one of the north-south trending
magnetic features identified in the recently completed survey.
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.