OTTAWA, ON, Oct. 8, 2020 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
announce results from its soil sampling program at the Root &
Cellar Property that has defined a distinct series of gold
anomalous trends as well as a large area moderately anomalous in
copper. The Company is exploring Root & Cellar for epithermal
gold mineralization and porphyry copper. The Company can earn a
100% interest in the Root & Cellar Property.
The soil sample program consisted of 1143 samples collected over
a grid measuring approximately 5 x 2 kilometres. In summary, the
results show a large area moderately anomalous in copper near the
western end of soil grid, a series of 6 well defined "corridors" of
anomalous gold to the north and east of the copper anomaly, and an
area of more irregularly distributed gold anomalies that form a
halo along the western margin of the copper anomaly in association
with a distinct series of pathfinder elements (see images
A&B).
Gold Anomalies
Of the six "corridor" anomalies, four
are of particular interest as they are all about 150 meters wide
and trend ESE which is consistent with recently mapped
structures.
- Conquest West: The Conquest West soil anomaly is about 600
meters in length and hosts a gold showing previously discovered by
the prospector with grades of up to 47 g/t Au.
- Conquest East: The eastern soil anomaly is a new area of
interest and with a strike length of about 600 meters.
- Little Pond: The anomaly lies
one kilometer north of Conquest and occurs at the intersection of
ESE and ENE trending structures. This is another newly identified
gold target that includes the highest gold assay from the soil
sample program of 493 ppb Au.
- Red Rock. The Red Rock
soil anomaly is the longest to date at over 1 kilometer in length.
Previous prospecting at one specific location along this corridor
identified gold-bearing boulders which assayed up to 2.4 g/t Au
(see image D). However, the length of the soil anomaly suggests
that there could be additional mineralization to be found. The
Red Rock "corridor" differs from
the others in that it also hosts sporadic but highly anomalous
copper with soils assaying up to 1143 ppm Cu.
The sporadic gold anomalies that are near the western edge of
the grid are associated with a distinct zone of anomalous arsenic,
antimony and tin that forms a partial halo around the copper. This
area includes the Drop Zone Showing.
Copper Anomaly
The copper anomaly (up to 281 ppm Cu)
is approximately 2 kilometers in diameter and closely associated
with bismuth, tellurium and selenium with elevated lead and zinc
near its western margin. Copper mineralization is known from the
area with 70 previously collected rock samples assaying over 0.1%
Cu with a high of 10.5%. The copper is generally hosted in strongly
altered basalts and less commonly in quartz porphyries and
rhyolites.
"We are very encouraged by the soil sample results,
especially with the very distinct and linear nature of the gold
anomalies, which provides more confidence that the gold may be
sourced in the underlying structures. Field crews are on their way
to conduct follow-up prospecting and sampling of these anomalies.
Our growing knowledge continues to support an intermediate to high
sulfidation epithermal model for the gold at Root & Cellar. Of
interest too is the large copper anomaly and associated pathfinders
that may be suggestive of copper mineralization at depth though
further work is required to support a porphyry model for the
copper. (see image C)."
Ian
Bliss – President & CEO
The soil sampling program at Root & Cellar was overseen by
Mr. Bryan Sparrow (P. Geo., Eastern
Geo Services Inc.), a registered professional geoscientist (PEGNL)
and a Qualified Person under the National Instrument 43-101.
Samples from the program were processed by ALS Global in
Sudbury, Ontario, and analysed in
Vancouver, BC, for a multi
trace-element package that included gold. Samples were digested
using aqua regia and the resulting solution were analyzed by
inductively coupled plasma-atomic emission spectrometry (ICP-AES)
and ICP-MS (mass spectrometry).
Update on Shot Rock.
A CSAMT geophysical survey will
commence shortly at Shot Rock. The survey grid is in place and the
survey was intended to start last week but due to a sudden change
in the provincial government's process regarding quarantine
exemptions, which had previously been granted, operations had to be
delayed.
Prospecting is also underway in other portions of the Shot Rock
Property to follow up on previously collected gold anomalous stream
sediment samples and other indications. Rock samples from the new
areas are being submitted to the lab and details will be provided
shortly.
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 programs using a model driven
approach. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield focussing on epithermal gold and related deposits
in Atlantic Canada.
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 Root &
Cellar property in Newfoundland,
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.
