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Exploration Update, Shot Rock Gold Property, Nova Scotia; Airborne Magnetic Survey Completed
Exploration Update, Shot Rock Gold Property, Nova Scotia; Airborne Magnetic Survey Complet...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\nExploration Update, Shot Rock Gold Property, Nova Scotia; Airborne Magnetic Survey Completed\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA, March 19, 2019\n\n\n\nOTTAWA, March 19, 2019 /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") (TSXV: NRN) is pleased to provide an update on exploration at the Shot Rock Gold Property (the \"Property\") in Nova Scotia, which is being explored for epithermal gold mineralization. Northern Shield can earn up to an 80% interest in the Property.\nOn-going grab sampling has continued to locate epithermal-type quartz vein and, quartz breccia material within the Highway Zone. Sixteen of thirty-nine samples from the latest batch show anomalous gold with assays ranging from 0.0025 to 1.4 g/t Au. Some of these samples contain ginguro-style bands consisting of extremely fine-grained pyrite as well as clusters of pyrite filling voids that contain inclusions of argentite, molybdenite and occasional gold as well as sporadic grains of electrum (native gold-silver alloy).\nMore detailed analytical studies to help constrain the relative positions of the samples within the system and to provide a potential vector to the core of the system are underway at Saint Mary's University. Very preliminary observations of the hand samples have identified many of the key textural and mineralogical aspects one would expect to see in classic low-sulfidation epithermal gold systems. These include:\nAbundant alternating bands of coarser quartz crystals transitioning to fine-grained colloform banding with \"ginguro\" sulfidic bands containing the assemblage of pyrite-argentite (or other silver carriers)-gold-As-Sb; Presence of hematite/barite that indicates a hydrothermal system that was shallow oxidized, and neutralized and, involved meteoric water incursion; Evidence from fluid inclusions of rapid \"flash boiling\" which, along with meteoric water incursion, is critical for gold deposition. Colloform banding is consistent with boiling in classic, large epithermal systems.\"Field observation of texture...