Business
Northern Shield Completes 3,000 m Drilling Program at Root & Cellar Gold-Silver-Tellurium Project, Newfoundland
Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that the Company has completed a 15 hole, 3,000 m, diamond drill program at the Conquest Zone of the Root & Cellar Property ("Root & Cellar" or the "Property"), on the Burin Peninsula in southeastern Newfoundland. The Property, being explored for epithermal gold mineralization and associated porphyry copper systems, includes 5 gold mineralized zones over a 6 km strike-length. Tellurium (Te), a
About this update from Northern Shield Resources Inc.
Intersects Ginguro-Banded Quartz Veins OTTAWA, ON, July 18, 2025 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that the Company has completed a 15 hole, 3,000 m, diamond drill program at the Conquest Zone of the Root & Cellar Property ("Root & Cellar" or the "Property"), on the Burin Peninsula in southeastern Newfoundland. The Property, being explored for epithermal gold mineralization and associated porphyry copper systems, includes 5 gold mineralized zones over a 6 km strike-length. Tellurium (Te), a critical metal, is associated with four of the showings and also with the copper mineralization. Highlights of the drilling program include: Note: The identification of minerals and textures is based on field observations, not yet confirmed by analysis. 1. Ginguro-bandingGinguro banding was noted in drill-hole 25RC-34 (Figures 1a, 1b, 1c and 2) at the end of a 3.3 m zone hosting numerous crustiform-colloform banded quartz veinlets (Figures 3,4) in a silica-sericite matrix associated with disseminated and bladed pyrite/marcasite. One crystal of what is believed to be krennerite (gold telluride) (Figure 5) was noted under the microscope along with a grain of visible gold/electrum (Figure 6). The intersection occurs approximately 110 m below surface, marking the deepest crustiform-colloform textured quartz veins seen on the property and, the first ginguro banding noted at Root & Cellar. 2. Visible Gold/ElectrumVisible gold/electrum was also noted 58 m down-hole in 25RC-26 (Figure 7) hosted in a weakly crustiform-colliform banded, quartz filled, void associated with chalcopyrite, bornite and molybdenite. 3. Gold-TelluridesIn addition to the occurrences of gold tellurides noted in drill-holes 25RC-33, 34, a tabular and "striated" crystal, believed to be calaverite, was intersected in 25RC-32 at 16.4 m (Figure 8). 4. Hydrothermal MineralizationNumerous zones of hydrothermal mineralization of varying intensity were intersected including the following: 5. Alteration HalosAn intense zone of carbonate-chlorite-pyrite alteration, including Mn-carbonate veins and crudely banded silica pockets, was intersected at depth in drill-hole 25RC-24. This likely represents the propylitic alteration halo characteristic of epithermal systems and is similar alteration in the Windfall Zone, supporting the interpretation that the Conquest and Windfall zones may be linked at depth along north-south structures. The carbonate alteration transitions into illite indicating near proximity to the source structure. Drill-holes 25RC-29 and 31 intersected wide intervals of intensely illite-silica +/- pyrite-altered rhyolite at shallow to moderate depths. "We are very excited to see the ginguro-banded, crustiform-colliform quartz veins, diagnostic of epithermal gold-silver systems, and where the precious metals are typically found. The probable gold tellurides are also an important milestone due to their association with large epithermal gold systems. We look forward to the assay results and the next exploration phases which include down-hole structural surveys to define the orientation of the telluride / ginguro-bearing quartz veins so they can be targeted in the next phase of drilling." - Ian Bliss, President and CEO, Northern Shield Over 350 samples have been submitted to ALS Global in Vancouver, BC, to be analysed for Au by Fire Assay and multi-elements by four acid digestion and ICP-MS. Core logging was performed by Bugden Exploration Inc of Gander, Newfoundland and drilling was performed by MCL Drilling of Deer Lake, Newfoundland. Technical information in this news release was reviewed and approved by Christine Vaillancourt, P.Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101. Northern Shield Resources Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset, near surface, and at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium system. Forward-Looking Statements AdvisoryNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the timing and extent of the drilling program, the location of the drill holes, and the information to be gathered from the program. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the availability of the drilling contractor to complete the program in the manner and to the extent requested by the Company or at all, the risk of inclement weather or other unexpected event affecting the timing and results of the drill program, the risk of the drilling program not encountering mineralization as expected, and the risk of equipment malfunction or mechanical issues. The forward-looking information contained herein is given as of the date hereof, and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law. SOURCE Northern Shield Resources Inc. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/18/c4069.html
View stock analysis, news, and events for Northern Shield Resources Inc.