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Northern Shield Announces Phase Two Drilling to Commence Shortly at Shot Rock Gold Property in Nova Scotia
Northern Shield Announces Phase Two Drilling to Commence Shortly at Shot Rock Gold Propert...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\nNorthern Shield Announces Phase Two Drilling to Commence Shortly at Shot Rock Gold Property in Nova Scotia\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA, ON, June 18, 2020\n\n\n\nOTTAWA, ON, June 18, 2020 /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") (TSXV: NRN) is pleased to announce that a second phase of drilling is planned to commence in early-mid-July at the Shot Rock Property (\"Shot Rock\") in Nova Scotia. Shot Rock is being explored for low sulphidation epithermal (LSE) gold mineralization. Northern Shield can earn up to an 80% interest in Shot Rock.  \nThe phase two diamond drilling program is designed to follow up on the recent high-grade intersections found from the maiden drill program on the Highway Zone at Shot Rock (see press release dated April 29, 2020). The Phase two program will consist of eight to ten drill-holes totalling 2,500 to 3,000 metres. Drilling will focus on delineating the mineralized structure intersected in drill-hole 20SR-04 and testing five other parallel structures interpreted from the airborne magnetic and Lidar data. These structures coincide with an area of lower magnetic signature. It was clearly noted in drill-core from the first phase of drilling that alteration associated with the mineralization reduces the magnetic signature of the hosts rocks. On completion of the drill program we anticipate that we should be close to meeting our expenditure requirements to earn 80% interest in the Property, under the terms of the option agreement, nearly 18 months ahead of schedule.\n\"We are eager to get back drilling at the Shot Rock Property in Nova Scotia. The high- grade intercepts from the first phase were remarkably encouraging and validated our LSE model that the gold grades would increase rapidly as function of depth, within the boiling zones, that are characteristic of these models. It is important to highlight that the lower magnetic signature identified post the phase one drill campaig...