OTTAWA,
ON, Sept. 5, 2024 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce results from the recently
completed trenching / prospecting program at the Conquest Zone,
Root & Cellar Property ("Root & Cellar" or the "Property"),
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 4 of the showings and also with
some of the copper mineralization.
The visible gold (VG) bearing grab sample, exposed in outcrop by
trenching in the Discovery Trench area of the Conquest Zone,
returned 78.5 g/t Au. The sample contained 4 patches of
fine-grained visible gold hosted in quartz-hematite veins
associated with intense chlorite alteration, coarse pyrite and fine
marcasite (see Company news release August
13, 2024). Three other grab samples, from a strongly
silicified and brecciated unit adjacent to the quartz hematite
vein, returned 5.0, 4.9 and 2.5 g/t Au with 14 of 23 additional
samples from throughout the Property, returning 0.13 to 1.3 g/t Au.
Grab samples by their nature are single selected samples and may
not be representative of all mineralization expected to be found on
the Property.
A high-resolution drone magnetic and LiDAR survey was also
completed by RPM Aerial Services of Holyrood, Newfoundland and the data is
currently being processed. The survey results will be used to
fine-tune the positioning of drill holes planned for this fall.
Early results of the innovative application of geochemistry by
an M.Sc. thesis student from Memorial
University of Newfoundland, have strongly reinforced the
interpretation of the Discovery Trench area as marking an up-flow
zone within an epithermal system. Potassium / Aluminum (K/Al)
ratios were used as a proxy for alteration minerals with higher
K/Al ratios indicating the hottest portion of the hydrothermal
alteration as would be expected near the main epithermal veins. The
spatial distribution of high K/Al samples also suggests that the
Conquest vein system continues 750 m
westward from the Discovery Trench area. Case studies utilizing
K/Al ratios at the Waihi epithermal gold deposit in New Zealand have highlighted the up-flow zones
and the proximity to gold-bearing veins (Barker et al; New Zealand
Journal of Geology and Geophysics, 2019)
"We are very happy with the way everything is coming
together. We have been very diligent over the summer at squeezing
all the information we can out of the rocks, the geophysical data
and the geochemistry, and the M.Sc. research being conducted by Mr
Kaine Johnson has now added to that
body of evidence. The integration of those datasets all pointing in
the same direction gives us great confidence heading into drilling.
We look forward to the processed magnetic data to fine-tune the
drill targets."
- Ian
Bliss, President and CEO, Northern
Shield
Samples were analyzed by ALS Global in Vancouver, BC, for Au by Fire Assay and
multi-elements by four acid digestion and ICP-AES. All standards
and duplicates by ALS Global meet targeted values. 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.
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
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.
