OTTAWA,
ON, Feb. 15, 2023 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that it has commenced this
season's exploration programs at Root & Cellar ("Root &
Cellar" or the "Project"). Root & Cellar is located on the
Burin Peninsula in southeastern
Newfoundland. Northern Shield can
earn up to a 100% interest in the Project, which is being explored
for epithermal gold-silver and porphyry-copper
mineralization.
A ground Induced Polarization (IP) geophysical survey is
underway with some mechanical trenching to take place concurrently
and further trenching after the IP survey is completed. The
IP survey lines are being run in an east-west direction with the
objective of better defining the northerly-trending feeder
structures that will be targeted in the following diamond drilling
program. Current interpretation indicates it is these
northerly-trending structures that carry the higher-grade gold
including visible gold. Trenching will focus on exposing the feeder
mineralization where they are interpreted to come near to
surface.
"We are very much looking forward to seeing the IP results
and testing these targets with trenching if accessible from surface
and, subsequent diamond drilling. We believe that these programs
will be catalytic for the growth of Root & Cellar"
- Ian Bliss,
Northern Shield President and CEO
This news release was reviewed by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101.
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.