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Northern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyry Project, Newfoundland
Northern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyr...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n \n \n \n Northern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyry Project, Newfoundland\n \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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n Northern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyry Project, Newfoundland\n \n \n Canada NewsWire\n \n \n \n \n \n \n OTTAWA, ON\n \n \n ,\n \n \n July 16, 2024\n \n \n /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") (TSXV: NRN) is pleased to announce that the Company has earned a 100% interest in the Root & Cellar property (\"Root & Cellar\" or the \"Project\"), located on the\n \n Burin Peninsula\n \n in southeastern\n \n Newfoundland\n \n . As per the terms of the option agreement signed in\n \n May 2019\n \n , prospector and original Property owner,\n \n Jeffery Brushett\n \n retains a 2.5% NSR of which 1% can be bought back by Northern Shield for\n \n $1.5M\n \n . The Property is being explored for epithermal gold mineralization and associated porphyry copper systems and includes 5 gold zones over a 6-kilometer strike-length hosted in a collapsed caldera complex. Tellurium, a critical metal, is associated with four of the showings and also with some of the copper mineralization.\n \n \n The Conquest Zone, in the centre of the property, covers an area 1800 x\n \n 800 m\n \n , remaining open in all directions, with grades up to 45 g/t Au in bedrock and 111 g/t in float boulders.  Drilling in the fall of 2023, testing a portion of the Zone, intersected epithermal gold mineralization in 7 out of 8 drill-holes with 3 showing visible gold. Untested, IP anomalies underlie this drilling and are part of an extensive network of anomalies that link up with some of the other gold showings. Trenching is underway on the Conquest Zone, focussing on an area near the 111 g/t boulder, and where recently identified cross-cutting structures are noted, approximately 100 meters to the east of last year's drilling. Prospecting will also evaluate newly identifie...