OTTAWA,
ON, Jan. 30, 2023 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce that it has received all
exploration permits for which applications were made regarding the
next phases of exploration at Root & Cellar ("Root &
Cellar" or the "Project"). Root & Cellar is located on the
Burin Peninsula in southeastern
Newfoundland. Northern Shield can
earn up to a 100% interest in the Project, which is being explored
for epithermal gold-silver and porphyry-copper type
mineralization.
The permits cover trenching, ground and airborne geophysics and
diamond drilling. Notwithstanding any short-term inclement weather,
trenching will commence on some of the targets by mid-February,
shortly followed by an Induced Polarization geophysical survey.
This IP survey will be run in an east-west direction with the
objective of better defining the feeder structures which trend
north-south and appear to carry the high-grade gold. This will
likely be followed by additional trenching and a diamond drilling
program.
"We are very much looking forward to trenching these targets
particularly in the vicinity of the visible gold. We believe that
these programs will be catalytic for the growth of Root &
Cellar"
- Ian Bliss,
Northern Shield President and CEO
This news release was reviewed by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101.
Forward-Looking Statements
Advisory
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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.
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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.
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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.
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Neither 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.
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SOURCE Northern Shield Resources Inc.