OTTAWA, ON, April 23, 2021 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
provide an update on exploration at the Company's epithermal
gold-silver projects in Atlantic
Canada.
On the Shot Rock Gold-Silver ("Shot Rock") Property in
Nova Scotia, eight drill-holes
have been completed in the current phase of drilling with the size
of the program expanded from the planned 2,700 metres to just over
3,400 metres. All but one drill hole intersected quartz veining and
sulphide mineralization consistent with epithermal gold-silver
systems and with the previously reported high gold and silver assay
results from drill hole 20SR-04 (see Company Press Release
April 29, 2020). Assays are pending
for over 1,200 core samples that have been sent for analysis. The
drill holes are currently being surveyed for structural information
and the drill-rig remains on site. A drill hole plan map (Figure 1)
accompanying this release shows the collar locations and drill hole
traces for holes completed for this phase. Northern Shield has now
increased its interest in Shot Rock to approximately 86%. Shot Rock
is being explored for low sulphidation epithermal gold-silver
mineralization.
Line-cutting has commenced at the Root & Cellar Property
("Root & Cellar") in Newfoundland in preparation for ground
geophysical surveying (Spectral IP/Resistivity) which is
anticipated to start in May. Prospecting and further rock grab
sampling is also underway at Root & Cellar including work on
the claims that were recently acquired (see Company Press Release
March 29, 2021). The Company can earn
a 100% interest in the Root & Cellar Property, which is also
being explored for epithermal gold-silver mineralization
(intermediate to high sulphidation) and for porphyry copper.
"We are very pleased with the visual
observations to date from the drilling program at Shot Rock and are
looking forward to assay results, which we expect to start
receiving in about 4-8 weeks."
- Northern Shield President and
CEO, Ian Bliss
The drilling program was contracted to Logan Drilling Group
based in Stewiacke, Nova Scotia,
and was overseen by Christine
Vaillancourt, P. Geo., the Company's Chief Geologist and a
Qualified Person under National Instrument 43-101 who reviewed and
approved the technical information contained in this press
release.
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
Atlantic Canada 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.
