OTTAWA,
ON, Aug. 16, 2023 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to provide an update on exploration at the
Root & Cellar Gold-Tellurium-Silver-Copper Project ("Root &
Cellar" or the "Project") located on the Burin Peninsula in southeastern Newfoundland. The Company can earn a 100%
interest in the Property, which is being explored for epithermal
gold-tellurium-silver and porphyry copper mineralization.
Crews are on site with mechanical trenching and trail
preparation for a small drilling program underway. The
trenching is testing Induced Polarization (IP) geophysical
anomalies in the Conquest Zone and in areas where abundant boulders
containing visible gold have been found. The drilling program
planned for late August or early September will also focus on
near-surface mineralization and IP anomalies in the Conquest Zone.
The program, as currently planned, will consist of
approximately 8 drill holes totalling 500 metres. More details on
the drilling will be provided upon commencement of that
program.
"We are excited to be moving towards another
drilling program at Root & Cellar and early signs from bedrock
exposed from the first few days of trenching and trail preparation
are very encouraging."
Ian Bliss –
President & CEO
This press release has been reviewed by Christine Vaillancourt, P. Geo., and the
Company's Chief Geologist.
Northern Shield Resources Inc. is a Canadian-based company,
known as a leader in generating high-quality exploration targets,
that views greenfield exploration as an opportunity to
discover a near surface, tier one asset, at relatively low cost. It
implements a model driven approach in exploration to reduce risks
associated with early-stage projects for ourselves, our
shareholders, and the environment. An approach that led to
the discovery of an alkaline-related gold-silver-tellurium-porphyry
copper system at the Root & Cellar Project in Newfoundland.
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.