OTTAWA, ON, June 1, 2021 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that a ground geophysics program consisting of
Spectral IP (Induced Polarization) and Resistivity has commenced at
the Root & Cellar Gold-Silver Project ("Root & Cellar" or
the "Project") in Newfoundland.
The Company can earn a 100% interest in the Property which is
being explored for epithermal gold-silver mineralization and
porphyry copper deposits.
The geophysical survey, which is expected to take two weeks to
complete, is planned to total 25 line-kilometres and covers the
Conquest Zone and recently discovered Windfall Zone. The survey
results will be used to guide drill-testing of these two zones
later this summer.
The Conquest Zone represents the principal gold target at Root
& Cellar. Soil sampling has outlined a distinct area measuring
1,500 x 600 m of anomalous
gold-in-soil, associated with other pathfinder elements such as
arsenic (As) and antimony (Sb). Within the Conquest Zone, past
surface sampling by Northern Shield and the prospector located gold
mineralization (in grab samples assaying 0.1 to 45.5 g/t Au) over
an area measuring approximately 630 x 400 metres. Although
epithermal in nature, the mineralization appears more akin to the
high sulphidation variety, though colloform-crustiform banded
veins, more typical of low sulphidation, have also been observed
recently at the Conquest Zone. The Windfall Zone was discovered in
late 2020, following up on strong gold-in-soil anomalies where
twenty-five large angular boulders and one outcrop of
sulphide-bearing quartz vein were uncovered along a 200 metre
traverse across a regional fault zone. The quartz veins returned
assays that range from 0.1 to 17.0 g/t Au and silver that range
from 0.4 to 53.0 g/t Ag (see Company press release January 13, 2021).
"We eagerly look forward to the completion of
the ground geophysical surveys so we can quickly move to the
drilling phase and test these large, gold and silver bearing
targets."
Ian Bliss –
President & CEO
The survey program at Root & Cellar was contracted to
Clearview Geophysics of Brampton,
Ontario, and is being overseen by Joe Mihelcic, P. Geo. and a qualified person
under NI 43-101. This press release has also been reviewed by
Christine Vaillancourt, P. Geo. and
the Company's Chief Geologist.
Final assays from the drill program that ended recently at the
Shot Rock Property are expected shortly and results will be
released as soon as all data has been compiled.
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, geological, geophysical 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.