OTTAWA,
ON, April 20, 2022 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that field exploration work has
resumed at the Root & Cellar Property ("Root & Cellar" or
the "Property") located on the Burin
Peninsula in southeastern Newfoundland. Northern Shield can earn up to a
100% interest in the Root & Cellar Property which is being
explored for epithermal gold and porphyry-copper type
mineralization.
The current fieldwork is focussed on prospecting and
ground-truthing approximately 30 near-surface IP anomalies
identified from the refined IP model (see Company news
release dated February 24, 2022).
Surface rock sampling over two of these near-surface anomalies in
2021 showed a strong correlation, with grades up to 8.4 g/t Au
(see Company news release dated July
27, 2021). If new copper-gold mineralization is identified,
the locations will be targeted for follow-up mechanical trenching
and channel sampling. These targets include the possible source
area for the three high-grade boulders (20.9, 17.9 and 28.8 g/t Au)
discovered while constructing the drill roads (see Company
news release dated December 15, 2021)
and have very diagnostic signatures (high gold to silver ratio) and
point back to an area between the Conquest and Windfall zones that
has seen very limited fieldwork.
"We are glad to be back at work on Root & Cellar and I am
optimistic that systematic sampling of these IP targets will
provide proof of concept for the existence of a near surface
copper-gold resource at Root & Cellar as prospecting of two of
the prominent near surface IP anomalies last summer proved very
successful."
- Ian Bliss,
Northern Shield President and CEO
This press release was reviewed by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101.
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.
