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Northern Shield Expands Shot Rock Gold Property, Acquires Co-Au-Cu IOCG Prospect
Northern Shield Expands Shot Rock Gold Property, Acquires Co-Au-Cu IOCG Prospect C...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\nNorthern Shield Expands Shot Rock Gold Property, Acquires Co-Au-Cu IOCG Prospect\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, May 2, 2018\n\n\n\nOTTAWA, May 2, 2018 /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") (TSXV: NRN) is pleased to announce today that is has expanded the Shot Rock Gold Property (\"Shot Rock\" or the \"Property\") in Nova Scotia which is being explored through wholly-owned subsidiary, Seabourne Resources Inc. The size of the Property has been increased to approximately 184 square kilometres. The Company has the right to acquire up to an 80% interest in Shot Rock under an option deal signed with a local prospector (see press release December 20, 2017).\n\nThe Shot Rock Gold Property now covers a 31 kilometre strike-length of unconformable, quartz-pebble conglomerate and bi-modal volcanic rocks.  While outcrop is generally poor in the area, gold has consistently been panned from streams that transect a certain area of the Property. Prospecting also resulted in the discovery of quartz-pyrite veins moderately anomalous in gold and epithermal pathfinder elements including mercury, arsenic and antimony. Such signatures are very similar to known epithermal gold deposits in Nevada, a style that has only very recently been identified in Nova Scotia and provides for an exciting new opportunity.\n\nA first phase of community engagement has been successfully undertaken in the Shot Rock area and exploration will soon be underway on parts of the Property as access roads dry out.\n\nThe Company is also pleased to announce that, through Seabourne Resources, it has acquired an Iron-Oxide-Copper-Gold (\"IOCG\")-type Co-Cu-Fe-Au property in western Nova Scotia, approximately 100 kilometres west of Shot Rock. The IOCG property currently consists of 3 claim groups totalling 67 square kilometres. The area hosts sediment samples highly anomalous in cobalt, copper, nickel, lead, zinc and iron. Several specular hematite veins and chalcopyrite showings occur within the claim groups. These are al...