The Company can earn a 100% interest in the Root & Cellar Property.
Prospecting in the vicinity of strong gold in soil anomalies resulted in the discovery of numerous large angular gold-silver anomalous quartz boulders containing appreciable sulphides. Although capacity issues at the analytical laboratories have created lengthy backlog for results, assays have been received from forty-two samples collected from the vicinity of this new occurrence named Windfall. Twenty-five of these samples assayed between 0.1 and 17 g/t Au and up to 24.4 g/t Ag. The gold-bearing quartz boulders were found almost continuously over a traverse of a 200 m wide deformation zone that marks the contact between a volcanic sequence that dominates the Root & Cellar Property and underlying metasedimentary rocks. The showing is at the western end of a 1,500 m long gold-in-soil anomaly that coincides with the deformation zone.
'Our field crews continue to discover and outline more gold mineralization at Root & Cellar and the footprint is becoming quite impressive. The combination of the geology, the alteration and the mineralization are beginning to be suggestive of representing the upper portion of a high-sulphidation epithermal system whereby we see a blanket of lower grade mineralization with higher grade being found along structural zones that may be preferentially exploited by the underline feeders.'
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward-looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Contact:
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