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New Gold Announces First Phase Till Sample Results in Nova Scotia

Mining News - Published on Mon, 07 Oct 2019

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Northern Shield Resources Inc announced the results of the first phase of till sampling from the Shot Rock Gold Property in Nova Scotia which is being explored for epithermal gold mineralization. Northern Shield can earn up to an 80% interest in Shot Rock. The first phase covered the Windmill and Middle Zones and the southern portion of the Highway Zone. The sampling was conducted on a coarse grid with samples collected at 100 m intervals along profiles spaced at approximately 200 meters. Significantly, the results show a gold +/- silver anomalous trend approximately 1.3 kilometre long that coincides with a N-S structural and magnetic feature in the Windmill Zone. Very little prospecting has been undertaken in the area. Several other gold anomalousareas, that generally follow an ESE trend, have also been defined by the till sample results. This includes an area south of the Middle Zone and south of the Highway Zone.

Again, due to relatively poor exposure, very little rock sampling has occurred in these areas. However, this southern till trend is supported by strongly gold anomalous stream sediment sample previously reported. The first phase of the till sampling program was curtailed by Hurricane Dorian last month hence the Highway Zone and Crystal Hill were not covered. Based on the very encouraging results, the sampling will resume and follow-up prospecting will be conducted in the anomalous areas.

Mr Ian Bliss, Northern Shield President and CEO, said that “Since we can calibrate the importance of these till assays based on the results spatially associated with the known occurrences, the results from this program strongly suggest that there are more gold-bearing zones to be found. Specifically, the till results, when combined with geophysics and mapping, appear to point to a trend, or several trends that parallel the known occurrences on the south side of the ridge. In particular, the Dark Side till anomalies, if projected eastward, coincide with the highest stream sediment anomaly in the entire property and where the first float samples of gold-bearing epithermal quartz vein were found in 2018. Although it was these float samples that ultimately led to the discovery of the Highway Zone, we have recently concluded that they are likely too far away from the Highway Zone to have originated there. The till results help reinforce that there is another zone closer to the highway.”

The program was overseen by Christine Vaillancourt, P Geo, the Company’s Chief Geologist and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for Au by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES. All standards and duplicates by ALS meet targeted values.

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Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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