OTTAWA, ON, Oct. 5, 2021 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to
announce that drilling has commenced at its Root & Cellar
Gold-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-silver mineralization and porphyry
copper deposits. The Property now covers over 300 square
kilometres.
The program calls for a minimum of 2,000 metres of diamond
drilling, which will be distributed over 10-12 drill holes selected
for the first phase of drilling at Root & Cellar. Other than
three historic drill-holes totalling 100 meters located five
kilometres to the northeast, there is no record of previous
drilling at Root & Cellar. In total, permits have been received
for 50 drill holes to allow for flexibility during the program and
further phases of drilling.
The principal focus of the drilling program is the Conquest Zone
("Conquest"), where gold has been discovered in outcrop and
sub-crop over an area measuring 500 x 700 metres with grades up to
48 g/t Au (see Company press release May 21,
2019). The main mineralized trend at Conquest correlates
with an IP chargeability anomaly that extends over 1,100 metres.
The first drill hole will test a broad and moderately strong IP
anomaly at the western end of this trend, that correlates with
extremely resistive rocks (likely the result of silicification).
Drilling will then progress eastward along Conquest before testing
targets to the north, including the Windfall Zone where up to 17
g/t Au and 53 g/t Ag have been reported (see Company press release
January 13, 2021). Based on geology,
alteration, geochemistry and geophysics, Conquest is interpreted to
represent the upper levels of a large high sulphidation gold
system.
"The very first drilling program on any
property or target is always exciting and that's certainly how we
feel about Root & Cellar. The discovery of further gold and
copper mineralization during ground-truthing of several of the IP
anomalies over the summer further heightens our confidence going
into the drilling program."
Ian Bliss –
President & CEO
This drilling program will be overseen by Christine Vaillancourt, P. Geo. and the
Company's Chief Geologist.
Northern Shield Resources Inc. is a Canadian-based company with
experience in many geological terranes and focused on generating
high-quality exploration programs. It is known as a leader in
executing grass roots exploration programs using a model driven
approach. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield focussing on epithermal gold and related deposits
in Atlantic Canada.
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.
