03:58:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Northern Shield Resources Inc
Symbol NRN
Shares Issued 205,444,921
Close 2018-10-16 C$ 0.03
Market Cap C$ 6,163,348
Recent Sedar Documents

Northern Shield samples 0.96 g/t Au at Shot Rock

2018-10-18 09:46 ET - News Release

Mr. Ian Bliss reports

NORTHERN SHIELD CONTINUES TO IMPROVE GOLD ASSAYS AND DISCOVERS GOLD IN OUTCROP, SHOT ROCK, NOVA SCOTIA

The stockwork-style epithermal quartz veining recently found in bedrock through grab sampling at Northern Shield Resources Inc.'s Shot Rock gold property in Nova Scotia assayed 0.96 gram per tonne gold. Additionally, a newly discovered boulder found approximately 600 metres east of this outcrop assayed 3.3 grams per tonne gold. This is the highest gold assay from Shot Rock to date and, to the company's knowledge, the first known occurrence of mineralized epithermal banded quartz veins in northern Nova Scotia. Shot Rock is being explored through Northern Shield's wholly owned subsidiary, Seabourne Resources Inc., which can earn up to an 80-per-cent interest in the property.

Thirteen other samples from the current batch assayed between 0.1 gram per tonne gold and 0.6 gram per tonne gold. All of these are within the Highway zone. The mineralization appears to be related to a five-kilometre-long, east-west structure that forms a splay off a larger regional structure. The western end of the structural zone is exposed along a windmill access road on top of the ridge. While very little epithermal quartz veining has been noted here, the altered fault zone is marked by sporadic anomalous gold and strong enrichment in the pathfinder elements associated with the quartz veins. This could represent the uppermost levels of the fault system which hosts the quartz veins to the east. The eastern end coincides with a topographic low, and, hence, this area may represent the deepest erosional level of the vein system. It is within this topographic low that the boulders with the highest gold grade have been found to date. This would be supportive of the model whereby gold grades in epithermal systems typically increase rapidly at depth within the vein. The outcrop exhibiting stockwork epithermal veining is midway between these two end points.

"Textures observed in many of the quartz boulders suggest a vigorously boiling system and the current erosional levels appear to be relatively high in the system," explained Ian Bliss, president and chief executive officer of Northern Shield. "If what we are sampling right now is indeed high in the system, it bodes well to what could be a depth. We believe the size of the system and textures of the quartz veins are remarkably similar to what is observed in prolific epithermal gold camps such as Nevada."

Further stream sediment sample results are pending. Some of these samples targeted an area five kilometres farther east that the company believes may host a continuation of the same structure as seen in the Highway zone.

The program is being overseen by Christine Vaillancourt, PGeo, the company's chief geologist and a qualified person under National Instrument 43-101. Samples from the program were analyzed by ALS Global in Sudbury, Ont., and in Vancouver, B.C., for gold 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 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 grassroots exploration program for nickel/copper/platinum group elements and utilizing expertise and innovation toward working on other deposit types. Seabourne Resources is a wholly owned subsidiary of Northern Shield focusing on epithermal gold and related deposits in Atlantic Canada and elsewhere.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.