Soil sampling program targeting LSE Gold and
Copper porphyry systems
OTTAWA, May 26, 2020 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
announce field exploration has commenced at its Root & Cellar
Property ("Root & Cellar" or "the Property") in Newfoundland, Canada. Root & Cellar is
being explored for low-sulphidation epithermal (LSE) type gold and
copper porphyry mineralization. Northern Shield can earn a 100%
interest in the Property subject to the terms of an Option
Agreement signed on May 21, 2019.
The exploration underway includes the collection of 1,000-1,500
soil samples from a grid measuring approximately 5.5 x 3.5
kilometres. The program will expand on the pilot-scale soil
sampling program completed last year, which successfully identified
gold and silver-tellurium-gold anomalies in the vicinity of the
Conquest and Drop Zone showings respectively. The survey will
also include the Creston copper
showing.
"This phase of exploration at
Root & Cellar is designed to bring the project up to being
drill ready by the end of 2020, if conditions allow. Our focus at
Root & Cellar is directed to both epithermal gold and copper
porphyry potential. We will use the same methodical and
model-driven approach to exploration here that brought us a
successful discovery at Shot Rock."
- Ian
Bliss, President & CEO
An intensive mapping and rock sampling program will be conducted
at the same time as the soil sampling, with the objective of
delineating the alteration, mineralization and structure associated
with the known occurrences. Abundant boulders and outcrops showing
strong epidote alteration and evidence of acid leaching has been
previously noted on the property. Mapping will help determine if
this could represent the outer alteration zone of a copper porphyry
system. There is growing indication that the Drop Zone and Creston
Copper Showing are part of an up-lifted block whereby the top of a
copper porphyry system could have been telescoped to the level of
the Conquest epithermal gold showing. The Drop Zone itself may
represent an intermediate sulphide vein system hosting
silver-tellurium-gold +/- zinc, lead and molybdenum which are not
uncommon in the upper periphery to copper porphyries.
Details on the Company's up-coming second phase of diamond
drilling at Shot Rock will be provided shortly.
The mapping and soil sampling is being managed and overseen by
Bryan Sparrow of Eastern Geo
Services a registered professional geologist (PEGNL) and a
Qualified Person under National Instrument 43-101. This press
release and program has been reviewed Christine Vaillancourt, P. Geo., and the
Company's Chief Geologist.
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 copper porphyries, and other mineralization at
the Company's Root & Cellar and Shot Rock properties in
Newfoundland and Nova Scotia, 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.