Airborne Magnetic Survey Competed at Root
& Cellar Property in Newfoundland
OTTAWA, Feb. 4, 2020 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that drilling has commenced at the Shot Rock
Property ("Shot Rock") in Nova
Scotia and that an airborne magnetic survey has been
completed at the Root & Cellar Property ("Root & Cellar")
in Newfoundland. Both properties
are being explored for low sulphidation epithermal (LSE) gold
mineralization. Northern Shield can earn up to an 80% interest in
Shot Rock and 100% in Root & Cellar.
The diamond drilling program is planned to consist of five to
eight drill-holes totalling 2,000 to 2,500 metres with a focus on
the Highway Zone. The Highway Zone represents an upright and intact
LSE gold system as indicated by remnants of the silica cap and, has
a substantial footprint with gold-bearing quartz veins (0.025 to
2.5 g/t Au) being found over an area measuring approximately 300 x
600 metres.
"We are excited to drill test the Shot Rock
Property in Nova Scotia. It was
only a little over a year ago that we made the first discovery of
LSE gold in Nova Scotia and have
spent the past 15 months defining four fluid cells over a 3.5
kilometre strike-length with indications that the system could
stretch for over 6 kilometers. The project is located right next to
the Trans Canada Highway with access to nearby power and rail. We
are excited by the unusually high gold values present at the level
of the silica cap, which bodes well for drill testing at
depth."
- Northern Shield President and CEO,
Ian Bliss
The drilling program is contracted to Logan Drilling Group based
in Stewiacke, Nova Scotia, and
will be overseen by Christine
Vaillancourt, P. Geo., the Company's Chief Geologist and a
Qualified Person under National Instrument 43-101.
A high resolution airborne magnetic survey has also been
completed at Root & Cellar and processing of the data is
underway. The survey was flown by Prospectair Inc. of Gatineau, Quebec, and consists of 1,300
line-kilometres flown at 50 metre line spacing and a bird height of
20 metres.
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 and Newfoundland
properties, 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.