Northern Shield Resources Inc. (TSX-V: NRN) is pleased to provide an update on the inaugural drilling program currently underway at the Shot Rock Property in Nova Scotia, Canada. Shot Rock is being explored for low sulphidation epithermal type gold.
To date, approximately 1,150 metres of the planned 2,000 to 2,500-metre diamond drilling program has been completed at the Highway Zone, with the fifth hole now underway. Three hundred and thirty samples are in, or in transit, to the lab for multi-element analysis including gold, silver and base metals.
Three of the five holes (SR20-02, 04 and 05) have intersected various forms of LSE quartz veining and associated intense alteration on a semi-continuous basis from surface to down-hole depths of approximately 132, 144 and 100 metres, respectively (Note: drilling of hole SR20-05 is on-going). Veining and alteration continue below these depths but on a more irregular and less intense basis. Quartz veining, including veins exhibiting colloform-crustiform-comb textured quartz with ginguro-like bands and local notable sulphides and tellurides, were observed and are features consistent with large economic LSE gold systems. An intensely altered, 22-metre-wide quartz-feldspar porphyry dyke containing blebs and veinlets of pyrite was also intersected.
Drill-hole SR20-01 did not intersect significant veining or alteration. Drill-hole SR20-03 intersected strong alteration with some veining from surface to a down-hole depth of approximately 23 metres and then moderate, sporadic alteration to the end of the hole (450m).
A drill plan map accompanying this release shows the collar locations and drill hole traces for holes completed to date. Pictures of representative sections of core from some of the completed holes is also appended to this release.
“We are very pleased with the visual observations to date from the Shot Rock drilling program. We see significant widths of zones exhibiting strong alteration and quartz veining. We clearly have a very active and long-lived system, key criteria in order to “grow” a large mineralized system, and although complex, we are beginning to get a much better idea of the geometry and critical components of the gold system at Shot Rock. We look forward to continuing the program and reporting analytical results to shareholders as they become available.”
– Northern Shield President and CEO, Ian Bliss
The drilling program is contracted to Logan Drilling Group based in Stewiacke, Nova Scotia, and is overseen by Christine Vaillancourt, P. Geo., the Company’s Chief Geologist and a Qualified Person under National Instrument 43-101.
Northern Shield Resources Inc. 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 grass roots exploration program for Ni-Cu-PGEs and utilizing expertise and innovation toward working on other deposit types. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada and elsewhere.
SR20-02: 39m: Colloform-crustiform banded quartz veining with ginguro bands and deformed pyrite on left hand side. SR20-02: 78m: Quartz-adularia vein with dark ginguro bands SR20-02: 32m: Well banded colloform-crustiform-comb textured quartz with ginguro-like bands and pyrite. SR20-02: 1m: Colloform-crustiform banded quartz with thick pyrite bands ginguro bands and grey silica SR20-05a: Brecciated quartz-adularia vein with ginguro bands and pyrite and other grey minerals SR20-05b: Quartz-adular (CNW Group/Northern Shield Resources Inc.)
SR20-02: 39m: Colloform-crustiform banded quartz veining with ginguro bands and deformed pyrite on left hand side. SR20-02: 78m: Quartz-adularia vein with dark ginguro bands SR20-02: 32m: Well banded colloform-crustiform-comb textured quartz with ginguro-like bands and pyrite. SR20-02: 1m: Colloform-crustiform banded quartz with thick pyrite bands ginguro bands and grey silica SR20-05a: Brecciated quartz-adularia vein with ginguro bands and pyrite and other grey minerals SR20-05b: Quartz-adular (CNW Group/Northern Shield Resources Inc.)
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