OTTAWA, Sept. 20, 2018 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is
pleased to announce that it has identified epithermal quartz
veining in bedrock at the Shot Rock Gold Property (the "Property")
in Nova Scotia. Shot Rock is being
explored through Northern Shield's wholly-owned subsidiary,
Seabourne Resources Inc., which can earn up to an 80% interest in
the Property.
To date, five outcrops over an area measuring approximately 100
x 35 metres have been discovered hosting various styles of
epithermal quartz veining. This includes stockwork of thin, but
strongly colloform banded, cross-cutting quartz veins brecciated
quartz-chalcedony-jasper and larger colloform banded veins. The
discovery suggests that the numerous banded quartz boulders found
nearby, some of which are gold-bearing, have a local source.
Sheeted quartz veins have also been found intruding quartz pebble
conglomerate in the vicinity of the altered structural zone at the
western end of the area of interest
Numerous other angular and well banded boulders have been found
in the area with some containing fine sulphides and common dark
grey bands The area includes several highly anomalous stream
sediment samples (up to 1,045 ppb Au) whose follow-up lead to the
discovery of numerous gold anomalous boulders (up to 1.0 g/t Au)
consisting of colloform and crustiform banded epithermal quartz
veins, a distinctly altered structural zone, and now the discovery
of epithermal veining in bedrock. (please see
northern-shield.com)
"We are very pleased that the persistence and methodical
approach of our geologists and prospector is paying off. We have
taken a 180 square kilometre property, with very little historical
background data, and focussed in on at least one area of
significant interest, of approximately 4 square kilometres, within
a few months," explains Northern Shield President and CEO,
Ian Bliss. "This has been our
wheelhouse for years when exploring for Ni-Cu-PGEs; a model driven
regional exploration program; and we have successfully translated
that to epithermal gold exploration in Nova Scotia."
The textures and mineralogy of the quartz vein material are all
generally consistent with the upper levels of an epithermal
gold system, likely above or near, the boiling cap. Boiling caps
form at the level where rising boiling fluids, which carry the
gold, interreact with cooler near surface water (i.e., the water
table). This results in epithermal quartz veins that typically show
significant and rapid vertical zonation in gold grades from
relatively low-grades above the cap to higher grades at, and below,
the cap.
The soil, rock and stream sediment samples have been shipped to
the laboratory for analysis.
The program is being overseen by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101. Samples from the program will be analyzed by ALS Global in
Sudbury, Ontario and in
Vancouver, BC, for Au by Fire
Assay with ICP-AES finish and base metals by four acid digestion
and ICP-AES. All standards and duplicates by ALS Global meet
targeted values.
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 program for Ni-Cu-PGEs and
utilizing expertise and innovation toward working on other deposit
types. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield focussing on epithermal gold and related deposits
in Atlantic Canada and
elsewhere.
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 Nova Scotia properties, geological, 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.