OTTAWA,
ON, Sept. 21, 2022 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that visible gold has been
identified at Root & Cellar ("Root & Cellar" or the
"Project") 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-silver and porphyry-copper type mineralization.
The visible gold was noted in the source boulder of a sample
collected in the Conquest Zone that was recently reported and
assayed 111.5 g/t Au (see Company news release dated September 7, 2022). On receiving the initial
assays field crews returned to the sample sight to collect the
boulder which weighs an estimated 30 kilograms for further studies.
It was on cutting the boulder that significant visible gold was
noted in the portion of rock that had not been sampled.
"We are obviously very excited to see visible gold at Root
& Cellar, particularly from this area which hosts good quality
IP targets in the immediate vicinity and the recently identified
Eastern Conquest target 140 metres to the east. A permit
application for additional drill pads has been submitted."
- Ian Bliss,
Northern Shield President and CEO
The technical disclosure in this press release was overseen by
Christine Vaillancourt, P. Geo., the
Company's Chief Geologist and a Qualified Person under National
Instrument 43-101.
Forward-Looking Statements Advisory
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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.
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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.
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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.
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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.
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SOURCE Northern Shield Resources Inc.
