OTTAWA,
ON, Aug. 16, 2022 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that the Company has identified
substantial new targets and continues to uncover new mineralization
at the Root & Cellar Gold - Copper Project ("Root & Cellar"
or the "Project"). Root & Cellar is located on the Burin Peninsula in southeastern Newfoundland. Northern Shield can earn up to a
100% interest in the Project, which is being explored for
epithermal gold and porphyry-copper type mineralization.
The two targets are located immediately east of the current
Conquest Zone and is identifiable by a distinct and strong magnetic
low. The larger of the two has a strike-length of about 550 meters.
The last line of the IP survey grazes the western edge of the
magnetic low and displays a moderately strong IP chargeability
anomaly that coincides with, or. underlies the target. Except for a
small portion of the smaller target, both targets are in a
low-lying area and covered by bog. What appears to be sub-cropping
mineralization was uncovered at the western tip of the smaller
target coinciding with a near surface segment of the IP
anomaly.
A half dozen other mineralized boulders were located nearby.
These are all down-ice from the newly identified targets. Assays
are pending for all samples.
"Fieldwork and thorough integration and analysis of the
geological datasets continue to define and build confidence about
the presence of a vast and largely intact epithermal gold system
centred on the Conquest Zone."
- 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.
