Business
Northern Shield Increases Land Position to 420 km² Covering Multiple Porphyry Copper & Epithermal Gold Targets In Newfoundland
Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that through map staking, option agreements and property purchase, the Company has increased its land position from 32 km2 to 420 km2 pursuant to definitive agreements entered into with arm's length parties on February 18, 2026 (collectively, the "Definitive Agreements"). The Company's flagship Root & Cellar Gold-Silver-Tellurium-Copper Property ("Root& Cellar" or the "Property"), on the Burin
About this update from Northern Shield Resources Inc.
OTTAWA, ON, Feb. 27, 2026 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that through map staking, option agreements and property purchase, the Company has increased its land position from 32 km2 to 420 km2 pursuant to definitive agreements entered into with arm's length parties on February 18, 2026 (collectively, the "Definitive Agreements"). The Company's flagship Root & Cellar Gold-Silver-Tellurium-Copper Property ("Root & Cellar" or the "Property"), on the Burin Peninsula in southeastern Newfoundland, forms the core of the land position. Recent work at Root & Cellar, suggests a large, diatreme/porphyry-hosted, polymetallic Cu-Au-Ag-Te-Mo zone, which was the impetus for the land acquisitions in the Avalon Zone of eastern Newfoundland. The most significant of these new properties is the 212 km2 Fortune Property (Figure 1) composed of two property options totalling 65 km2, with the remainder having been map staked directly by Northern Shield. The Fortune Property covers a 40 km trend that is highly prospective for porphyry copper and epithermal gold systems, and includes multiple indications of such systems including 4 known occurrences: Stewart: The Stewart prospect represents the most aerially extensive and continuous zone of exposed alteration on the Burin Peninsula, reaching widths of up to 850 m and extending along strike for upwards of 4 km (Figure 2a). It represents an extensive zone of advanced argillic alteration including pyrophyllite, alunite and vuggy quartz, interpreted to be a lithocap to a porphyry Cu-Mo-Au system. The lithocap is anomalous in gold, copper and molybdenum over significant intervals including historical surface trenching results of 0.09 g/t Au over 219 m, (Dyke, B., 2008,) and a drill intercept of 0.13 g/t Au over 111 m (Setterfield, T., 2016,) along with anomalous Cu and Mo. Forty Creek: The Forty Creek intermediate sulphidation quartz vein is along strike from Stewart and hosts gold and silver tellurides with values up to 59 g/t Au and 2,290 g/t Ag (Setterfield, T. 2011). (Figure 2b) and grab samples with values to 0.16% Cu and 0.1 g/t Au in a nearby silicified pyrophyllite alteration zone. Point Rosie: Hosts multiple quartz-sericite-pyrite (phyllic) alteration zones...
View stock analysis, news, and events for Northern Shield Resources Inc.