OTTAWA, Oct. 10, 2019 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
announce partial results from the inaugural phase of till sampling
from the Root & Cellar Property ("Root & Cellar" or the
"Property") in Newfoundland which
is being explored for low sulphidation epithermal gold-silver
mineralization. Northern Shield has an option to earn up to a 100 %
interest in Root & Cellar (see press release dated May 21, 2019).
The till sampling survey covered the Drop and Conquests Zones as
well as several structures deemed of interest. Only partial results
are available at this time.
Of particular significance are the results from the Drop Zone
area which, appear to have defined four parallel zones anomalous in
silver +/- tellurium, +/- sulphur +/- gold. The Drop Zone showing
is characterised by high silver to gold ratios (approximately 25:1)
and the presence of tellurium-bearing minerals including hessite
(silver-telluride). A hessite-bearing boulder has also been found
recently south of the Drop Zone at a location that coincides with
the southern most silver soil anomaly trend. Three of the anomalous
trends coincide with topographic highs. The two shortest trends,
including that which hosts the Drop Zone showing have a strike
length of approximately 250 metres. The zone immediately north of
the showing has a strike-length of 500 metres and is open at both
ends. A fourth zone defined from the till sampling is just apparent
at the northern end of the survey grid.
As at other locations within the Property, the mineralization in
the Drop Zone is associated with strong silicification of the host
rock which is more resistant to erosion and hence may form
topographic high features.
"The soil sample results at Drop Zone paint a compelling case of
a series of three or four sub-parallel zones that could host
further mineralization to that already exposed at the Drop Zone
discovery," explains Northern Shield President and CEO,
Ian Bliss.
Trenching permits have been received and will be amended to
include new targets identified from the till survey.
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 Root & Cellar 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.