Prospecting identifies two additional
areas of gold mineralization
OTTAWA, ON, Nov. 19, 2020 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSX-V: NRN) is
pleased to announce that the controlled-source
audiomagnetotellurics ("CSAMT") geophysical survey announced on
October 28th has been
completed at its Shot Rock Gold Project ("Shot Rock") in
Nova Scotia. Prospecting has also
located two other areas of anomalous gold mineralization within the
Property. The Company is exploring the Property for low
sulphidation epithermal ("LSE") gold mineralization and currently
owns an 80% interest at Shot Rock.
Six lines at 200 meters spacing were completed totalling about
12 line-kilometres of survey. CSAMT measures electrical resistivity
of rock and is routinely used in exploration for LSE deposits
because data can highlight silicified structural zones prospective
for veins as well as detect clay alteration often associated with
such deposits.
Processing of the geophysical survey data is still in progress
but preliminary interpretation of inversions show several
high-angle, very resistive and deep-seated structures
suggestive of strong silicification and/or quartz veining
surrounded by zones of greater conductivity interpreted to be the
result of clay alteration (Figure 1). Such features are
characteristic of LSE systems. The most prominent resistive
structure is located on the periphery of the area tested by
drilling to date.
Another smaller but distinctly resistive structure is noted
approximately 1.4 kilometer southeast of the main area of interest
within the Highway Zone. This target is 50 meters upstream of a
train of gold-bearing quartz cobbles (Figure 2) collected along the
creek in 2018 and has been immediately followed up on the
ground to determine if the source of the anomaly outcrops. Ground
truthing of the target area found no exposed outcrop in the
vicinity but a large angular quartz vein boulder (inset Photo)
exhibiting bladed texture and sulphides was found nearby.
Further updates will be provided on final processing of the
CSAMT data, which is expected shortly and on assay results from
surface sampling.
Prospecting elsewhere within the Shot Rock Property has located
two other areas with anomalous gold (> 0.1 g/t Au) with textures
consistent with low sulphidation epithermal gold systems. One is
located approximately 1.2 kilometer east-northeast of the Highway
Zone and the other is located 6 kilometres east of that zone.
Further exploration is being conducted in these areas.
"We are quite happy with
the sneak preview of the CSAMT results and look forward to more
processing. It certainly looks like it will help pin-point drill
targets. This type of geophysical survey has been
successfully used for the identification of deep-seated structures
associated with high-grade feeder zones in many other LSE systems.
We are also very encouraged by on-going sampling at Shot Rock, Root
& Cellar and Merasheen, and we look forward to assays from all
these projects."
Ian Bliss –
President & CEO
The survey program at Shot Rock was contracted to Clearview
Geophysics of Brampton, Ontario,
and was overseen by Joe Mihelcic, P.
Geo. and a qualified person under NI 43-101. This press release 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 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 Maritime
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.
