OTTAWA,
ON, Aug. 13, 2024 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that trenching has uncovered
outcrop (Figure 1) containing visible gold (VG) in the Conquest
Zone at the Root & Cellar Property ("Root & Cellar" or the
"Property"), located on the Burin
Peninsula in southeastern Newfoundland. The Property is
being explored for epithermal gold mineralization and associated
porphyry copper systems and includes 5 gold zones over a
6-kilometre strike-length. Tellurium (Te), a critical metal, is
associated with four of the showings and also with some of the
copper mineralization.
Visible gold (Figure 2a, b) was found 25 metres west of the
Conquest Discovery trench (where visible gold has previously been
identified) and immediately behind the collar of drill hole
23RC-21, completed last year which also intersected visible gold.
Four patches of fine-grained VG were noted in a single sample
(Figure 2b) from the outcrop in
quartz-hematite veinlets (Figure 1) associated with intense
chlorite alteration, coarse pyrite and fine marcasite with the
veins cutting a strongly silicified/brecciated unit with abundant
marcasite. Although this new occurrence is proximal to drill hole
23RC-21, where VG was previously noted, the mineralization
styles are different suggesting multiple mineralization phases.
Colloform-crustiform, banded, quartz veins (Figure 3) were also
noted in the outcrop. Assays are pending.
"All datasets, and recent studies, conclude that this area is
the upper most portion of an up-flow zone of an epithermal system,
which includes remnant sinter material. Sinters typically form
above or adjacent to epithermal vein deposits. It is unusual to see
so much gold at the sinter level of an epithermal system and its
relative abundance here bodes well for what could be found deeper
in the system. A sub-vertical IP chargeability anomaly coinciding
with a magnetic low feature, underlies this area with the
geophysics and surface sampling suggesting that this target is just
one "branch" of a much larger epithermal vein system."
- Ian
Bliss, President and CEO, Northern
Shield
Technical information in this news release was reviewed and
approved by Christine Vaillancourt,
P.Geo., the Company's Chief Geologist and a Qualified Person under
National Instrument 43-101.
Webinar: Join CEO Ian
Bliss for a live webinar on Thursday
August 15th for additional context. He will be available for
live questions.
Northern Shield Resources
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 find a Tier
1 asset, near surface, and at relatively low cost. We implement a
model driven exploration approach to reduce the risk associated
with early-stage projects for ourselves, our shareholders, and the
environment. This approach led us to option the Root & Cellar
Property from a Newfoundland
prospector, who discovered the mineralization, and then its
advancement to a large gold-silver-tellurium system.
Forward-Looking Statements Advisory
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.
